5 Cent Third Issue Fractional Currency Choice About Unc 58 EPQ
5 Cent Third Issue Fractional Currency Choice About Unc 58 EPQ
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$145.00 USD
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$145.00 USD
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The 5 Cent Third Issue Fractional Currency in Choice About Uncirculated 58 (CAU58) with Exceptional Paper Quality (EPQ) designation, cataloged as FR# 1238 by PMG (Paper Money Guaranty) is an impressive example for collectors. Here's what you should know:
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Design and Issue:
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Third Issue: Introduced in 1864, this series aimed at improving security features to combat the widespread counterfeiting of the time.
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Design: The 5 cent note typically features an image of a female representing "Justice" holding a sword and scales, or other allegorical figures, alongside ornate designs to deter counterfeiting. The back would show the denomination within a decorative frame.
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Grade Explanation:
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CAU58 (Choice About Uncirculated 58):
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This grade indicates the note is in excellent condition, showing only the slightest signs of handling or wear, perhaps one light fold or a couple of minor handling marks, but it retains much of its original crispness and color.
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EPQ (Exceptional Paper Quality):
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This additional designation means the note has paper quality that is significantly better than what is typically seen for this grade. It implies the note has maintained its original texture, brightness, and has minimal or no signs of aging.
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Catalog Number:
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FR# 1238: This refers to the Friedberg number, a standard catalog system for U.S. currency, which helps in identifying specific issues of U.S. paper money.
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Historical Significance:
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Fractional Currency was a response to the coin shortage during the Civil War, providing small denomination paper money when coins were scarce. The third issue was particularly significant for its attempts to thwart counterfeiters with new security features.
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Value and Collectability:
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Market Value: Influenced by:
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Rarity: 5 cent notes from the third issue in high grades like CAU58 with EPQ are relatively rare due to their condition.
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Condition: The CAU58 grade combined with EPQ significantly enhances its value, as it's not common to find notes from this period in such good condition with exceptional paper quality.
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Demand: Collectors of Fractional Currency, those interested in Civil War era items, or enthusiasts of high-quality, high-grade U.S. paper money will find this note particularly appealing.
- A 5 Cent Third Issue Fractional Currency in CAU58 with EPQ is a highly collectible item, not just for its grade but for its exceptional preservation. Such notes are rare finds, especially with the additional EPQ designation, which underscores the note's high quality preservation through time.
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