Original Ca1869 United States 10 Cent Fractional Currency Note Uncirculated 10¢ For Sale

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We are not experts in American Bank Notes / Currency but this Note is 100%, unconditionally guaranteed to be an original, Fourth issue 10¢ Fractional Currency Note and not a reproduction, reprint, reissue, fake or modern example but was printed and distributed as legal tender by the authority of the United States Government. It came to us along with a small number of other 1860’s U.S. Fractional Currency Notes directly from the descendents of the original owner - Civil war Lieut. Colonel Lucius V. S. Mattison - along with a number of other items from the time of his service during the Civil War and his service as Commander of the Lewis B. Porter G. A. R. Post 573 at Scriba (Oswego County), New York.

Fractional Currency notes were issued from August 21, 1862 through February 15, 1876. Secretary of the Treasury Salmon Chase proposed to authorize postage stamps of some type as a new currency. Much of the public were using stamps as in lieu of change due to a severe shortage of coins. The post office did not like selling stamps for currency and they did not provide refunds for soiled stamps. Congress and President Lincoln approved the Postage Currency Act on July 17, 1862, which authorized an issue of 5, 10, 25, and 50 cent notes. The 1st Issues became known as Postage Stamp Currency because they bore facsimiles of the then current 5 and 10 cent postage stamps. Postage Currency (1st Issue) were never legal tender but could be exchanged for United States Notes in $5 lots and receivable in payment of all dues to the United States, up to $5. In the first few months of production, the sheets were perforated like stamps. These sheets were sold to banks and the public in sheets and you could tear off the notes needed with ease. The perforating machine could not keep up with the heavy demand so the banknote company started producing plain sheets that were cut with scissors. In 1863, Secretary Chase asked for a new Fractional Currency that was harder to counterfeit than the Postage Currency. The new Fractional Currency notes were different from the 1862 Postage Currency issues. They were more colorful with printing on the reverse.

This rare and original, ca1869, 10 Cent United States Fractional Currency Note is what appears to us to be outstanding, uncirculated condition - clean and crisp and beautiful. The Note is somewhat miss-cut as can be seen in the scans below but is otherwise exceptionally well preserved. The strike is dark, crisp, bold and exceptionally beautiful. The Note has never been graded and is fresh to the market . We have included a number of high quality scans below which give a good indication of the fantastic condition of this rare Fractional Currency Note.

A rare and very attractive, ca1869 Fourth Issue, United States 10 cent Fractional Currency in outstanding, uncirculated condition and a fantastic addition to any collection!!!

Overseasshippping is extra and cost will be quoted at buyers request. Massachusetts residents must add 5% sales tax.

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Important Notes about Shipping Charges:

The amount quoted for Shipping & Handling is calculated by and is equal to the EXACT amount charged by the Post Office plus a $1.00 "packing fee" - the $1.00 fee is our only compensation for the virgin packing materials we use on all of our professionally packaged boxes as well as our cost for the salaried help that does most of our packing - as I am sure you can see, we make NO profit on the Shipping charges and, in fact, our costs are usually greater than the $1.00 fee. Please contact us if there are any issues regarding the cost of shipping.

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This item has been shown 138 times. Original Ca1869 United States 10 Cent Fractional Currency Note Uncirculated 10¢: $57