Fourth Issue Fractional Currency Notes - APMEX offers a fine selection of Fractional Currency Notes of the Fourth Issue.
Fractional Currency Notes are the most unusual of all US currency ever printed. During and after the Civil War, people hoarded coins for their precious metal content. A serious shortage of all denominations of coins developed. Since a way to make change was desperately needed in commerce, a remedy to this situation was found when the government printed various small denomination notes. These Fractional notes were not well received by the general public at the time, but are highly collectable today!
Fourth Issue Fractional Currency notes were printed between July 14, 1869 and February 16, 1875. This issue consists of 10, 15, 25 and 50 cent denominations. The Treasury seal appears on these notes for the first time. The 15 cent note only appeared in the 4th Issue and is the scarcest denomination.
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These 4th Issue notes were printed from July, 1869 through February, 1875. This 50 Cent note has a great portrait of our martyred 16th President. Large red Treasury Seal, watermarked paper. Printed by the American Banknote Company.