Fractional Currency 15 cents 1868 Fourth Issue FR#1269 UNC

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  • Product ID: 49899
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  • Description:

    Fractional Currency, with its small denominations and unique history, offers a captivating glimpse into a turbulent period of American financial innovation and necessity. The 15 cents note from the Fourth Issue of 1868 (cataloged as FR#1269) is a remarkable specimen of this intriguing category of currency.

    The backdrop against which Fractional Currency emerged is essential to understanding its significance. During and immediately after the Civil War, the United States faced a severe shortage of small-denomination coins. This shortage was fueled by hoarding, skepticism about paper money, and the suspension of specie payments by many banks. As a result, there was a pressing need for a practical solution to facilitate everyday transactions.

    The design of the 15 cents Fractional Currency note is both aesthetically pleasing and functional. Its obverse features an intricate geometric pattern surrounding the central numeral "15," denoting its denomination in cents. This design is not merely utilitarian but also showcases the artistic sensibilities of the era.

    A noteworthy aspect of Fractional Currency is the specialized paper used in its production. This paper contained tiny silk threads, serving as a security measure to deter counterfeiters. Additionally, the engraving work on the printing plates was exceptionally detailed, resulting in finely crafted notes.

    Each Fractional Currency note bears the engraved signatures of key officials, adding an element of authenticity and authority. In this case, the note features the signatures of Colby as the Register of the Treasury and Spinner as the Treasurer of the United States.

    One of the most significant attributes of this particular Fractional Currency note is its condition. It has been graded as UNC, signifying "Uncirculated." In the world of currency grading, this designation indicates that the note has never been in circulation and exhibits no signs of wear or handling. This pristine state makes it a highly desirable collectible.

    Upon close examination, you will notice that the note retains its original crispness. The corners and edges are sharp and free from any indications of wear or damage. The colors on the note remain vivid and unfaded, contributing to its overall visual appeal.

    The denomination of 15 cents may seem unusual to modern observers, but it was essential during a time when small coins were scarce. These Fractional Currency notes were issued in denominations of 3, 5, 10, 15, 25, and 50 cents, allowing for a wide range of transactions in the absence of traditional coinage.

    Fractional Currency notes occupy a distinctive place in the annals of numismatic history. They serve as tangible reminders of a period when the United States faced distinctive financial challenges and devised innovative solutions to address them. These notes are more than just currency; they represent the resourcefulness and resilience of the nation during a pivotal era.

    In summary, the 15 cents Fractional Currency note from the Fourth Issue of 1868, graded as UNC (Uncirculated), is not merely a piece of paper; it is a piece of American history. Its design, craftsmanship, and exceptional condition make it a highly sought-after collectible. Beyond its aesthetic appeal, it serves as a tangible link to a time when the United States confronted financial adversity with creativity and determination, making it a cherished numismatic treasure for collectors and enthusiasts alike.

  • Details:
    • Denomination: N/A
    • Year: 1868
    • Diameter: N/A
    • Mint Mark: N/A
    • Thickness: N/A
    • Grade: N/A

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