15 cent 4th issue Fractional Currency CVF-25 PMG
15 cent 4th issue Fractional Currency CVF-25 PMG
Regular price
$110.00 USD
Regular price
Sale price
$110.00 USD
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per
The 15 cent 4th Issue Fractional Currency in Choice Very Fine 25 (CVF25) grade by PMG (Paper Money Guaranty) represents a notable piece of historical currency from the United States. Here's an in-depth look:
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Design and Issue:
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Front: Typically features an allegorical figure representing "Columbia" or "Justice" with a shield, surrounded by patriotic symbols or an eagle.
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Back: Contains the denomination within an ornate design, sometimes with anti-counterfeiting elements like colored fibers or watermarks. The 4th issue, starting in 1869, introduced more intricate designs to combat counterfeiting.
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Grade Explanation:
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CVF25 (Choice Very Fine 25): This grade indicates:
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The note is in very good circulated condition with clear evidence of handling but retains much of its original detail and design.
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There might be several light folds, but no harsh creases or tears.
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The paper might show some wear, but the note should not be overly limp or have major stains or soiling.
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Colors might be slightly faded compared to an uncirculated note, but the overall appearance should still be quite pleasing.
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Historical Significance:
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Fractional Currency was issued during the Civil War to address the coin shortage caused by hoarding, the war effort, and the suspension of specie payments. The 4th issue was part of the efforts to refine and secure these small denomination notes.
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