25 cents Third issue Fractional Currency Choice Unc 64 EPQ PMG
25 cents Third issue Fractional Currency Choice Unc 64 EPQ PMG
Regular price
$325.00 USD
Regular price
Sale price
$325.00 USD
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FR# 1295
The 25 Cents Third Issue Fractional Currency graded Choice Uncirculated 64 Exceptional Paper Quality (CU64 EPQ) by PMG (Paper Money Guaranty) is a highly desirable piece for collectors due to its excellent condition and the EPQ designation. Here's a detailed look:
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Design and Issue:
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Third Issue: This series began in 1864, introducing more refined security features to combat counterfeiting.
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Design: The front often features an image of George Washington or allegorical figures like "Justice" or "Liberty" within a detailed framework. The back would typically display the denomination in a central cartouche surrounded by intricate patterns.
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Grade Explanation:
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CU64 (Choice Uncirculated 64):
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Indicates the note is in nearly perfect condition with only minimal signs of handling or imperfections, if any. It's very close to being Gem Uncirculated but might have a minor flaw or handling mark.
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EPQ (Exceptional Paper Quality):
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This designation is given by PMG to notes that not only meet the grade but also exhibit paper quality significantly better than what is typical for the grade. This means the note has retained its original crispness and the paper has not suffered from the usual aging effects like brittleness or discoloration.
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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 and the war's economic demands. The Third Issue was particularly noted for its enhanced security features aimed at preventing counterfeiting.
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Value and Collectability:
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Market Value: Influenced by:
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Rarity: While the 25 cent denomination from the third issue isn't the rarest, the combination of the high grade (CU64) and the EPQ designation makes it exceptionally collectible.
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Condition: The EPQ designation significantly boosts the value as it indicates the note has been preserved in an outstanding manner.
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Demand: Collectors of Fractional Currency, Civil War-era notes, or those focusing on high-grade U.S. paper money would find this note extremely appealing.
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