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1863 25 Cent United States Fractional Currency 25c
1863 25 Cent United States Fractional Currency 25c

1863 25 Cent United States Fractional Currency 25c

$ 15.81

Availability: 100 in stock
  • Refund will be given as: Money Back
  • Country/Region of Manufacture: United States
  • All returns accepted: Returns Accepted
  • Condition: Circulated condition. Edge wear and tears and discoloration. Overall POOR collector condition.
  • Return shipping will be paid by: Seller
  • Item must be returned within: 30 Days
  • Grade: Ungraded
  • Certification: Uncertified
  • Modified Item: No
  • Type: Fractional Currency
  • Denomination: 25c
  • Circulated/Uncirculated: Circulated

    Description

    1863 25 Cents Fractional Currency Banknote
    This 1863 Twenty Five Cent Fractional Currency - George Washington is in very poor condition.
    Condition: Extreme wear, pinholes, missing chunks rough edges.
    George Washington obverse
    The obverse features a portrait of George Washington on the left and denomination appears printed numerals.
    The reverse features the denomination centered in an elaborate engraving.
    History
    Fractional or postage currency has a rich history. At the beginning of the Civil War people starting hoarding coins for their precious metal content. Coins became difficult to find because of the hoarding. People started to try to use stamps instead of coins as a means of commerce. The government decided to help ease the hoarding issue by issuing “paper coins” also known as postage currency or fractional currency. Fractional currency was first issued on August 21, 1862 and they were last issued on February 15, 1876. Three cents, five cents, ten cents, twenty-five cents, and fifty cents notes were all issued. Fractional currency is physically smaller than other United States money. It also does not have a serial number.