Fabulous Fall Coin Consigns Auction 7 of 7 Day 3
By Key Date Coins
Contact auction house
Dec 1, 2021
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
Terms of sale
View demo
The auction has ended
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LOT 738:
PCGS Third Issue 25c Fractional Currency FR-1291 Red Rev Bust of Wm Fessenden Graded cu63 By PCGS. Per PMG less ...
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Sold for: $230
Price including buyer’s premium:
$
276
Start price:
$
25
Estimated price :
$212 - $425
Buyer's Premium: 20%
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PCGS Third Issue 25c Fractional Currency FR-1291 Red Rev Bust of Wm Fessenden Graded cu63 By PCGS. Per PMG less then 300 Known in all GRades William Pitt Fessenden was an American politician from the U.S. state of Maine. Fessenden was a Whig and member of the Fessenden political family. He served in the United States House of Representatives and Senate before becoming Secretary of the Treasury under President Abraham Lincoln during the American Civil War 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.
