148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
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LOT 848:
***Auction Highlight*** US Fractional Currency 50c Third Issue fr-1329 Spinner Hand Signed Rare Red Rev Graded ...
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Sold for: $400
Start price:
$
20
Estimated price :
$375 - $750
Buyer's Premium: 20%
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***Auction Highlight*** US Fractional Currency 50c Third Issue fr-1329 Spinner Hand Signed Rare Red Rev Graded cu63 EPQ By PMG. Only About 100 Known in all grades. Francis Elias Spinner was an American politician from New York. He served as Treasurer of the United States from 1861 to 1875, and was the first administrator in the federal government to employ women for clerical jobs. 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.
