-
Inventory:
1 In Stock
- Product ID: 49896
Checkout
Fractional Currency, represented by this pristine 10 cents note from the Third Issue of 1863 (cataloged as FR#1253), holds a significant place in American numismatic history. Graded as UNC (Uncirculated), this note is a testament to the innovation and resilience of the United States during the tumultuous Civil War era.
The historical backdrop against which Fractional Currency was introduced is crucial to understanding its importance. During the American Civil War, a shortage of circulating coinage was a pressing issue due to hoarding and public distrust of paper money. This led to the creative solution of Fractional Currency, which served as small-denomination notes to alleviate the scarcity of change in daily transactions.
The design of this 10 cents Fractional Currency note is a striking example of the artistic craftsmanship of its time. The obverse of the note features an intricate geometric pattern surrounding the central numeral "10," signifying its denomination in cents. At the top corners, elaborate scrollwork frames the central vignette, which depicts the goddess of liberty holding a prominent numeral "10." This design is a testament to the attention to detail and aesthetic sensibilities of the period.
One notable feature of Fractional Currency notes is the specialized paper used in their production. This paper contained tiny silk threads, a security measure that deterred counterfeiters. Additionally, the engraving work on the printing plates displayed exceptional precision, enhancing the notes' visual appeal and making them difficult to replicate.
The 10 cents Fractional Currency note from the Third Issue of 1863 bears the engraved signatures of Colby as the Register of the Treasury and Spinner as the Treasurer of the United States. This specific note has been awarded the grade of UNC, indicating its Uncirculated status. In the realm of currency grading, "Uncirculated" denotes notes that have never been in circulation and exhibit no signs of wear or handling.
This note's condition is of paramount importance to collectors. An Uncirculated note, such as this one, is characterized by its pristine appearance. It retains its original crispness, and the corners and edges are sharp and intact. The colors on the note remain vibrant and unfaded, offering a visual feast for the beholder.
Fractional Currency notes hold a special place in the hearts of collectors and numismatic enthusiasts for their historical significance. These notes played a vital role in everyday transactions when traditional coins were scarce, serving as a tangible link to a period when the United States faced unique financial challenges and devised innovative solutions to overcome them.
In conclusion, this 10 cents Fractional Currency note from the Third Issue of 1863, graded as UNC, is not merely a piece of currency; it is a piece of American history. Its design, craftsmanship, and exceptional condition make it a highly desirable collectible. Beyond its aesthetic appeal, it stands as a tangible reminder of the resilience and resourcefulness of the United States during a time of great adversity, making it a cherished numismatic treasure for collectors and enthusiasts alike.