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50 cent Fractional Ist Issue Fr. 1312 Choice New
Lot # 3036231
Completed
Current Bid: -
Bidding complete
Lot Details
Fractional currency was introduced during the Civil War and were issued from August 21, 1862 to 15 February 1876. These notes were issued in denominations of 3 cent, 5 cent, 10 cent, 15 cent, 25 cent and 50 cents.
The U.S. government hoarded coins for their bullion value and stopped exchanging paper money for silver and gold coins. U.S. Treasurer Francis E. Spinner helped create a solution to the coin shortage with the creation of postage currency, which later led into Fractional Currency. The introduction of these notes played a key role in economy during the Civil War.
Auction Details
Completed
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Bidding Information
Starting Bid:
$1.00
High Bidder:
-Buyer's Premium:
21%
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