Summer Splash Coin Consigns Auction 5 of 6: Day 2
By Key Date Coins
Contact auction house
Aug 18, 2021
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
Terms of sale
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600+ Lots of premium Numismatics from around the Country including; Morgans, Peace $'s, Rare Type coinage, Rare Gold, Lg cents, ½ cents, Indians, Bust coinage, Barber coinage, Buffalo's, Currency, VAM's, Varieties, Errors, NGC/PCGS/SEGS Slabs, Original rolls of Morgans plus much, much more.....
The auction has ended
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LOT 372:
1875 US Fractional Currency 50c Fifth Issue fr-1380 Grades Select AU. Fractional or postage currency has a rich ...
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Sold for: $140
Start price:
$
25
Estimated price :
$92 - $185
Buyer's Premium: 20%
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1875 US Fractional Currency 50c Fifth Issue fr-1380 Grades Select AU. 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. William Meredith is pictured on the front.
