Fractutional Currency

[PennyG]

These have been in my family awhile. I actually had a third one, thought it had a 5 on it but can't locate it, so now I have these two.
Just thought I'd share and if anyone knew a bit of information on them that would be great.

 

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[Dozer D]

I believe that these were the small paper notes that were BEFORE U S coinage came into existence (late 1700's-early 1800's). Very interesting history you have there, and I'm sure they are real.

 

[kingskid1611]

Those are some very beautiful historical items. I love seeing them. Thanks for sharing.

 

[Mackaydon]

The ten cent fractional currency piece, through an inexcusable error, omitted the word CENTS.
The piece you show is from the third issue (Dec. 5, 1864-Aug. 16, 1869).
There were several varieties in this 'third issue'; different colors, some autographed, position of one of the numbers, etc.
The source I use for this references your piece as "Friedberg No. 1255". My 2010 book shows a values of $30 in F-12 up to $125 in UNC-63 condition.
Don....

 

[BigWaveDave]

The date 1863, kinda gives it away....

 

[Heavington]

These were issued during the civil war to put a bit less of a strain on the economy, there was a war going on after all. Since coinage was being hoarded, again a war was going on, the U.S. government borrowed some coin from the banks and used that to back up the currency. During this time the reintroduction of the use of foreign currencies without an extra fee also happened.

 

[Mackaydon]

As noted on the 25 cent fractional currency, the Act of March 3, 1863 authorized this issue though the actual period of distribution was Oct.10, 1863 to February 23, 1867. I count at least 12 different varieties of this piece. The values (using The Official Red Book of United States Currency (2010 edition) start at $40 in F-12 condition. You may be interested to know--fractional currency also came in a three cent denomination. All fractional currency is still redeemable at full face value today--although anyone would be foolish to accept that offer.
Don.........

 

[BigWaveDave]

I actually had a dealer offer me 5¢ for an old note like that....bless his heart.

 

[PennyG]

I believe that these were the small paper notes that were BEFORE U S coinage came into existence (late 1700's-early 1800's). Very interesting history you have there, and I'm sure they are real.

Yes, they were my Great Great grandfather's from what I was told today.

 

[PennyG]

The ten cent fractional currency piece, through an inexcusable error, omitted the word CENTS.
The piece you show is from the third issue (Dec. 5, 1864-Aug. 16, 1869).
There were several varieties in this 'third issue'; different colors, some autographed, position of one of the numbers, etc.
The source I use for this references your piece as "Friedberg No. 1255". My 2010 book shows a values of $30 in F-12 up to $125 in UNC-63 condition.
Don....

Thank you . [emoji4]

 

[port ewen ace]

search Sold listing on Ebay for ballpark on values. you may a note that a collector needs_____________and is willing to pay a premium.

 

[Daveyboyz]

The first 25c is a second issue (F-1283 to F-1290, not sure exactly which since it depends on the surcharge numbers on the corners at the back) Prices vary but ballpark is $30 in VG8 to approx. $80 in EF40 (a good few hundred if uncirculated though)

The 10c is a third issue either F1255 or F1256 (1256 has a numeral 1 on face but I am not sure where to look) these are $25 in VG8 to $55 in EF40

I like these notes but don't see many here in England... I have a couple of the later series which are quite attractive looking notes.

 

[Mackaydon]

dasveyboyz
Welcome to Treasure Net !!
We must have different reference books.
Top left I believe is Fourth Issue Type 3:Bust of Samuel Dexter who served as Secretary of War and Secretary of the Treasury under President John Adams.
Top right ("Xcents") is Fifth Issue (Red Seal): Bust of William M. Meredith; Secretary of the Treasury 1849-1850.
The Washington bill is from the First Issue, Postage Currency (Second Edition:Friedberg-2008) and either F-1242 or 1243; depending if monogrammed, or not.
Bust of Liberty bill is from the Fourth Issue July 14,1869-February 16, 1875. Came in four varieties; all with the same approximate value in each condition.
Don......

 

[AU24K]

Nice Fracs, Penny!
They are in good enough condition that I'd look into having them graded and "slabbed" with a company like PMG.

Daveyboyz,
Welcome to Treasurenet!
Yours look to be in great condition, also.

Graded and slabbed increases the value significantly most times.

Don,

Good to "see" you again, my Friend!

Merry Christmas to All!

Best Wishes,

Scott

 

[Mackaydon]

AU24K
Thanks for the kind words; and congrats on your 50 page MUSIC thread--still going strong.
All the best,
Don.....

 

[AU24K]

AU24K
Thanks for the kind words; and congrats on your 50 page MUSIC thread--still going strong.
All the best,
Don.....

I don't think it is 50 pages yet unless you count the ads! LOL!

Best,

Scott

 

[PennyG]

Nice Fracs, Penny!
They are in good enough condition that I'd look into having them graded and "slabbed" with a company like PMG.

Daveyboyz,
Welcome to Treasurenet!
Yours look to be in great condition, also.

Graded and slabbed increases the value significantly most times.

Don,

Good to "see" you again, my Friend!

Merry Christmas to All!

Best Wishes,

Scott

Thank you

 

[AU24K]

I actually had a dealer offer me 5¢ for an old note like that....bless his heart.

"Southern-Speak" for,
"He is an idiot."

Best,

Scott

 

[PennyG]

"Southern-Speak" for,
"He is an idiot."

Best,

Scott

Favorite phrase to use in moments like that .