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3 cents Third Issue Fractional Currency Choice Unc 64 PMG

3 cents Third Issue Fractional Currency Choice Unc 64 PMG

Regular price $250.00 USD
Regular price Sale price $250.00 USD
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FR#1226
The 3 Cents Third Issue Fractional Currency graded Choice Uncirculated 64 (CU64) by PMG (Paper Money Guaranty) represents a high-quality example of U.S. Civil War-era small denomination paper money. Here's what you need to know:


  • Design and Issue:
    • Third Issue: This series was produced starting in 1864, with notes being more refined and secure compared to the first and second issues due to ongoing issues with counterfeiting.
    • Front: The 3 cent note typically features an allegorical figure or a portrait, often surrounded by ornate designs. Common elements might include an image of George Washington or allegorical representations like "Justice" or "Liberty."
    • Back: Usually shows the denomination in a central cartouche, with intricate designs around it to deter counterfeiting.
  • Grade Explanation:
    • CU64 (Choice Uncirculated 64): This grade indicates:
      • The note is nearly perfect, showing only the slightest imperfections, if any.
      • It retains its original crispness, color, and texture, with perhaps just one or two minor handling marks or a slight corner bump that keeps it from a Gem Uncirculated grade.
      • No folds or creases are present that would typically come from circulation or mishandling.
  • Historical Significance:
    • Fractional Currency was a response to the coin shortage during the Civil War, providing the public with small denomination paper money when coins were hoarded or unavailable. The third issue refined the security features of these notes.
  • Value and Collectibility:
    • Market Value: Several factors influence its value:
      • Rarity: While 3 cent notes are not the rarest among Fractional Currency, finding one in CU64 can be challenging due to the condition.
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