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10 Cent 4th Issue Fractional Currency EF-40 PMG

10 Cent 4th Issue Fractional Currency EF-40 PMG

Regular price $90.00 USD
Regular price Sale price $90.00 USD
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The 10 Cent 4th Issue Fractional Currency graded Extremely Fine 40 (EF40) by PMG (Paper Money Guaranty) represents a well-circulated but still very collectable piece of U.S. currency from the late 19th century. Here's what you should know:


  • Design and Issue:
    • 4th Issue: Introduced in 1869, this issue was part of the ongoing efforts to refine Fractional Currency, making it more secure against counterfeiting.
    • Design: Features often include an allegorical figure, like "Columbia" or "Justice," on the front, surrounded by ornate designs. The reverse typically displays the denomination in an artistic manner, with security features like microprinting or colored inks.
  • Grade Explanation:
    • EF40 (Extremely Fine 40):
      • This grade indicates the note has seen circulation but retains much of its original detail. In EF40, you would expect:
        • Light wear evenly distributed over the note.
        • All design elements, including the portrait, are clear, though there might be some slight loss of detail in the highest points.
        • No major folds, tears, or damage, but there could be a few light folds or handling marks.
        • The paper might show signs of wear but will still be quite firm.
  • Historical Context:
    • Fractional Currency was issued to address the coin shortage during and post-Civil War. The 4th issue continued the trend of enhancing security and design to prevent counterfeiting.
  • Value and Collectability:
    • Market Value: Factors influencing its value include:
      • Rarity: While the 10 cent denomination from the 4th issue isn't the rarest, the condition (EF40) adds to its collectability, especially since it's graded by PMG.
      • Condition: EF40 is a good grade for circulated notes, indicating it has been preserved quite well considering its age and usage.
      • An EF40 graded 10 Cent 4th Issue Fractional Currency is a piece of history with good preservation for its circulation life. Its value is not just in its monetary worth but in its historical significance, representing a time when the U.S. had to innovate with its currency system due to economic constraints. Remember, while collectibles can be investments, their value can also be highly personal and subject to market conditions.
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