10 Cent 5th Issue Fractional Currency PMG AU55 EPQ

 

Absolutly beautiful color.

 

Fractional Currency was issued by the United States from 1862 to 1875. During the Civil War, the hoarding of coins required the U.S. Government to issue the making of this interesting short-lived series of notes. Notes were issued in denominations of 3, 5, 10, 15, 25, and 50 cents. There were 28 different, major types of these unusual notes issued. They remain legal tender to this day.

 

The front of this 10 cent, 5th issue note features a portrait of the Secretary of the Treasury, William M. Meredith, from 1849 to 1850. The reverse features the rules for redemption and value.

 

We have 3 of these notes to sell in this grade.