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THB1870s US Fractional Currency 50c Fourth Issue fr-1374 Abraham Lincoln Fr-1374 Grades f details
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About Auction
LiveFeb 19, 2024
We are proud to present 5000+ lots of our 4 day Key Date Coins Spectacular AM Live Auction! This is part one of this auction. This is a not to be missed event! Join us on Friday, 02/16 - Monday 02/19! @10am -9pm ET On Monday, 02/19, we will have a PM auction starting at 9pm ET! This will showcase our bigger lots of the auction! Key Date Coins Support@kdcauction.com
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- Lot Description
1870s US Fractional Currency 50c Fourth Issue fr-1374 Abraham Lincoln Fr-1374 Grades f details. 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.
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