-
Inventory:
1 In Stock
- Product ID: 21717
Checkout
The Fractional Currency 25 cent 1862 First Issue FR#1281 XF is a fascinating piece of American numismatic history, representative of the United States' response to the shortage of small-denomination coinage during the Civil War. By the time of the Civil War, the U.S. Treasury was faced with the growing difficulty of supplying enough small coins for everyday transactions. This shortage led to the creation of fractional currency, which became an essential medium of exchange in the years that followed. The 25-cent note, from the First Issue of fractional currency, is an iconic piece of U.S. paper money and stands as a testament to the country's ingenuity in times of financial crisis. The note's unique history, intricate design, and limited mintage have made it an important collectible for numismatists and collectors of U.S. paper currency.
The creation of fractional currency was driven by the pressing need for small change during the Civil War, as the U.S. Mint could not produce enough coins to meet the demand. Copper and silver coins were being hoarded by the public or redirected to other uses, leaving everyday transactions without sufficient smaller denominations. In response, the U.S. Treasury issued the first series of fractional currency in 1862, starting with denominations of 3, 5, 10, 25, and 50 cents. These notes were issued as a temporary measure to replace coins, and they became an essential part of daily life for civilians and soldiers alike. The 25-cent note from the First Issue is one of the more notable denominations, helping bridge the gap between the scarcity of small coins and the eventual restoration of normal coinage production. The note was widely used and circulated, making it a historically significant piece of paper money.
The design of the 25-cent note is one of the most recognizable in the fractional currency series. The obverse of the note features a portrait of the goddess Liberty, who was a popular representation of freedom and the nation's values during the 19th century. Liberty is depicted wearing a cap, which was a symbol of liberty and freedom, a theme that ran throughout much of the country’s currency and coinage during this period. The note prominently displays its denomination, “TWENTY-FIVE CENTS,” and the words “UNITED STATES” are inscribed at the top, identifying it as official government-issued currency. The design is framed by intricate borders and finely engraved patterns that add both to its aesthetic appeal and serve as a deterrent against counterfeiting. These elements were carefully crafted to make the note secure, preventing the circulation of fraudulent copies during a time when counterfeiting was a serious issue.
The reverse side of the 25-cent note from the First Issue continues the theme of security and design complexity. It features large numerals reading “25” in the center, emphasizing the note's denomination. Surrounding this central design are further intricate details, including geometric patterns and fine lines, which served as additional safeguards against forgers. The reverse design also includes the phrase “FRACTIONAL CURRENCY” and “TWENTY-FIVE CENTS,” making it clear that the note was part of the fractional currency system. The security features were critical in maintaining the integrity of U.S. paper money during a time of widespread economic instability, as the government needed to ensure that these small-denomination notes were easily distinguishable from counterfeit versions.
The 25-cent note was printed by the Bureau of Engraving and Printing, the U.S. government agency tasked with producing paper currency. The Bureau's skilled engravers used advanced techniques for the time to produce the note, including intricate line engraving and high-quality printing. These methods made the note more difficult to counterfeit and helped establish the Bureau's reputation as one of the world’s leading printers of currency. The paper used for the note was also carefully selected for its durability, ensuring that the currency could withstand the wear and tear of circulation. Despite the use of durable materials and printing methods, the sheer volume of fractional currency in circulation meant that many notes, including the 25-cent note, became worn and damaged over time.
The mintage of the 25-cent note from the First Issue was significant, as it was one of the most widely used denominations of fractional currency during the Civil War. Although the exact number of notes printed is not fully known, the demand for small-denomination currency during this period was high, and the U.S. Treasury responded by producing large quantities of these notes. The notes were issued in various series, with the First Issue being the first and most extensive. These notes were designed to meet the public's need for small change and were used by everyday citizens for regular transactions. As the war continued, the supply of fractional currency notes increased to accommodate the growing economy, and the 25-cent note became a staple of daily commerce.
The condition of the 25-cent note from the First Issue is one of the key factors that influence its value. The note’s designation as XF (Extremely Fine) indicates that it is in very good condition, with only minor signs of handling and wear. Notes graded XF show only slight creases, folds, or other minor imperfections, but the design and details remain sharp and well-defined. The note retains much of its original color, and its overall appearance is clean and crisp. Although not in pristine condition, notes in XF grade are highly collectible and still represent a significant piece of U.S. paper money history. XF notes are considered highly desirable among collectors due to their relative rarity compared to notes in lower grades, and they offer a glimpse into the past while retaining much of the note's original beauty.
As one of the earlier issues of fractional currency, the 25-cent note from the First Issue is an important piece for collectors of U.S. paper money. Fractional currency, particularly from the Civil War era, is highly sought after by numismatists and collectors who specialize in American currency. The 25-cent note is a key component of the fractional currency series and provides a window into the economic challenges faced by the U.S. during the Civil War. Although this denomination was printed in large numbers, surviving examples in high-grade condition, such as those in XF, are relatively rare, adding to their appeal and value within the collector community.
In conclusion, the Fractional Currency 25 cents 1862 First Issue FR#1281 XF is a valuable and historically significant piece of U.S. paper currency. As part of the First Issue of fractional currency, it helped meet the demand for small-denomination currency during the Civil War and facilitated everyday transactions at a time when coinage was scarce. The intricate design and security features of the 25-cent note make it a prime example of the U.S. Treasury's efforts to create functional and secure currency. The XF grade indicates that the note has been well-preserved, making it a highly desirable item for collectors. Overall, the 25-cent note from the First Issue of fractional currency offers a glimpse into a critical period in U.S. history and remains a highly collectible item for those interested in American paper money and the legacy of fractional currency.