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50 cents Third Issue Fractional Currency Choice About UNC 58 PMG

50 cents Third Issue Fractional Currency Choice About UNC 58 PMG

Regular price $225.00 USD
Regular price Sale price $225.00 USD
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The 50 Cents Third Issue Fractional Currency graded Choice About Uncirculated 58 (CAU58) by PMG (Paper Money Guaranty) is a highly desirable piece for collectors, particularly because of its near-mint condition and historical importance. Here's a breakdown:


  • Design and Issue:
    • Third Issue: Issued starting in 1864, this issue featured improved security measures over the earlier issues to combat counterfeiting.
    • Front: Typically includes an image of a female figure representing "Justice" or "Liberty," or another allegorical figure, with intricate designs around it.
    • Back: Features the denomination often within a central cartouche, surrounded by ornate patterns or seals for security.
  • Grade Explanation:
    • CAU58 (Choice About Uncirculated 58): This grade signifies:
      • The note is in nearly perfect condition with only the slightest evidence of handling or wear.
      • There might be a single light fold or a couple of minor handling marks, but these are minimal.
      • The paper retains most of its original crispness and color, with only slight impairments keeping it from an uncirculated grade.
  • Historical Significance:
    • Fractional Currency was introduced during the Civil War to address the coin shortage caused by hoarding and the demands of the wartime economy. The third issue was particularly noted for its enhanced security features.
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