50 Cents First Issue Fractional Currency AU-55 PMG
50 Cents First Issue Fractional Currency AU-55 PMG
Regular price
$145.00 USD
Regular price
Sale price
$145.00 USD
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per
The 50 Cents First Issue Fractional Currency graded About Uncirculated 55 (AU55) by PMG (Paper Money Guaranty) is a fascinating piece for collectors due to its historical significance and condition. Here's a detailed look:
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Design and Issue:
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First Issue: These notes were issued in the early stages of the U.S. response to the coin shortage during the Civil War, starting in 1862.
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Front: Typically features a portrait of Washington, surrounded by an ornate design. Early issues might also include different figures or symbols.
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Back: Includes the denomination, sometimes with green or other colored inks, and various anti-counterfeiting features like geometric patterns or seals.
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Grade Explanation:
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AU55 (About Uncirculated 55): This grade suggests:
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The note shows only the slightest evidence of wear or handling, typically at the highest points of the design.
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It retains nearly all of its original crispness and most of its original color.
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There might be a few light folds or wrinkles, but these are minor and do not detract significantly from the note's overall appearance.
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The paper should still be quite firm, with minimal to no soiling or stains.
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Historical Significance:
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Fractional Currency was introduced as a solution to the coin shortage during the Civil War, showcasing the government's innovative approach to currency during a time of crisis. The first issue was particularly notable for setting the precedent for this type of currency.
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Value and Collectibility:
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Market Value: Factors influencing the value:
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Rarity: First issue Fractional Currency, especially in high grades like AU55, can be quite scarce. The 50 cent denomination might not be the rarest, but its condition is significant.
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Condition: AU55 is a high grade for a circulated note, indicating it was preserved remarkably well for its age.
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Demand: Collectors of Fractional Currency, Civil War memorabilia, or those focusing on high-grade examples of U.S. currency will find this note particularly interesting.
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