-
Inventory:
1 In Stock
- Product ID: 21730
Checkout
Fractional Currency notes from the Fifth Issue of 1874, specifically cataloged as FR#1308 and FR#1309, represent a fascinating chapter in American numismatic history. These 25 cents notes played a pivotal role in addressing a significant coin shortage in the United States during the post-Civil War era. Their historical significance, intricate design, and exceptional condition contribute to their allure among collectors and numismatists.
To fully appreciate these Fractional Currency notes, it's essential to understand the historical context in which they were introduced. In the years following the Civil War, the United States faced a severe shortage of small-denomination coins. Hoarding, both by the public and speculators, had led to a scarcity of circulating coins. To mitigate this issue, the U.S. government introduced Fractional Currency, serving as a temporary substitute for traditional coins.
The design of these 25 cents Fractional Currency notes is a testament to the artistry and attention to detail of the era. On the obverse side of the notes, the central feature is the denomination "25 CENTS," surrounded by intricate patterns and decorative elements. The surrounding border is richly detailed, adding to the overall aesthetic appeal of the notes. The reverse side of the notes stands out due to its use of green ink, setting it apart from other contemporary currency designs.
One of the distinguishing features of Fractional Currency notes is the use of specialized paper embedded with tiny silk threads. This innovative choice of material made it considerably more challenging for counterfeiters to replicate the notes accurately. Additionally, the engraving work on the printing plates was exceptionally detailed, enhancing the visual appeal and security of the notes.
Within the Fifth Issue of Fractional Currency, notes with different denominations featured distinct design elements. FR#1308 showcases a captivating vignette of Robert Walker, the former Secretary of the Treasury. This portrait adds historical significance to the notes, as Walker played a pivotal role in American financial policy during his tenure. Conversely, FR#1309 features an allegorical figure representing Industry, holding a hammer and anvil, symbolizing the nation's industrial progress.
When evaluating the condition of these Fractional Currency notes, they fall within the XF-AU (Extremely Fine to About Uncirculated) range. In this condition, the notes exhibit minimal signs of circulation and wear, a testament to their relatively well-preserved state. While some minor handling marks or light creases may be present, the overall design and key features remain sharp and discernible.
The historical significance of Fractional Currency, including the 25 cents notes from the Fifth Issue, cannot be overstated. These notes serve as tangible artifacts from a critical period in American monetary history when the government had to employ innovative solutions to address the coin shortage. Fractional Currency played a pivotal role in facilitating everyday transactions during a challenging time of reconstruction and economic recovery.
In conclusion, Fractional Currency 25 cents notes from the Fifth Issue of 1874, specifically FR#1308 and FR#1309, offer a captivating glimpse into the intricacies of American currency history. Their elaborate designs, pioneering security features, and historical context make them not only highly collectible but also tangible relics of an era when the United States grappled with post-Civil War challenges and the scarcity of small-denomination currency.