25 Cents Fifth Issue Fractional Currency Choice Unc 64 PMG
25 Cents Fifth Issue Fractional Currency Choice Unc 64 PMG
Regular price
$120.00 USD
Regular price
Sale price
$120.00 USD
Unit price
/
per
The 25 Cents Fifth Issue Fractional Currency graded Choice Uncirculated 64 (CU64) by PMG (Paper Money Guaranty) is an exceptional example of late 19th-century U.S. currency. Here's what you should know:
-
Design and Issue:
-
Fifth Issue: This series was introduced in 1874, representing the final and most refined version of Fractional Currency before the introduction of smaller coin denominations made them obsolete.
-
Front: Typically features an image of George Washington or other notable figures, with intricate designs around the portrait for both aesthetic appeal and to prevent counterfeiting.
-
Back: Shows the denomination within an ornate design, often with a complex pattern of lines, geometric shapes, or microprinting to deter counterfeiting.
-
-
Grade Explanation:
-
CU64 (Choice Uncirculated 64): This grade indicates:
-
The note is in nearly perfect condition, with only the most minor imperfections or handling marks.
-
It retains almost all of its original crispness, color, and paper quality, potentially with one or two minor handling marks or a slight corner bump that prevents it from achieving a higher grade like Gem Uncirculated.
-
-
-
Historical Significance:
-
Fractional Currency was initially a response to the coin shortage during the Civil War. The Fifth Issue, while issued post-war, continued this tradition until the economic conditions allowed for the return to coinage for small transactions.
-
-
Value and Collectability:
-
Market Value: Influencing factors include:
-
Rarity: While not the rarest denomination, a 25 cent note from the Fifth Issue in CU64 is rare due to its condition.
-
Condition: CU64 is a high grade, indicating the note was preserved remarkably well, which significantly enhances its value.
-
-