5 Cent Us Fractional Currency ** Very Nice Condition ** Kl-3256 (c-166) For Sale

---

S and A

Silver & Gold

This is a Third Issue5 cent fractional currency piece (KL - 3256 / FR - 1238). This piece is in overall nice condition. There are no holes or creases. There is a small tear in the top center and thereis smudge damageto the front surfacein the lower right quadrant. Theback pattern is interrupted dueto an offset cut.

Be sure to review the pictures so that you can determine the grade for yourself.

The item pictured is the item you will receive.

This will be a great piece for your collection.

All reasonable offers will beconsidered.

HISTORY OF FRACTIONAL CURRENCY

During the early stages of the Civil War, the Union was not faring well and they needed to finance the cost of the war by borrowing money. Uncertainty of the outcome of the war combined with the fact that the currency was not backed by silver or gold led to a lack of confidence in US currency and a subsequent hoarding of coins. This shortage of coinage made trade very difficult.

On July 17,1862,Congress authorized the use of postage stamps to satisfy debts of less than $5.00. Stamps, however,were fragile and not easily used as currency. This period also saw the use of encased postage to solve the problems associated with the coinage shortage. Neither was a long term solution to the problem.

Between August 21,1862 and February 15, 1876the governmentreleased five issuesof paper fractional currency in denominationsfrom 3 cents to 50 cents. When silver from the Comstock Lode was mined, there was a flood of new silver that drovesilver bullion prices down below the face value of coins. This resulted in an easing of theshortage of US coinage.

offer with confidence that you will receive exactly what is described. If you have any questions please do not hesitate to contact me.

Ihonestly describe everything I sell, but please view the pictures and grade the items for your self. My description is only my opinion. No warranties are expressed or implied.

Payment Options

Pay Pal is the preferred form of payment. I also accept major credit cards. Contact me if you want touse analternate form of payment or if youhave any questions regarding payment or shipping.

Shipping & Handling

All purchases will be shipped free to customers within the United States.

Please review the shipping details for international purchases. If you are the winner of more than one item please send me an e-mail before payingand I will ship your items together in one package.

Returns

Items are sold with a "No questions asked" 100% return policy. Returns will be accepted if notified within14 days of receipt. Purchase fees will be refunded upon return of the item, however shipping fees are not reimbursable.

response

I will always try to provide honest descriptions of my products and quick service. I will provide response for all purchases when shipped. Please provide positive response in return when you receive your item. If you are dissatisfied for any reason, please reach out to me so that I can resolve the issue.

Check out my Store, S and A Silver & Gold, and add me to your list of favorite sellers!

This item has been shown 101 times. 5 Cent Us Fractional Currency ** Very Nice Condition ** Kl-3256 (c-166): $21