Click to enlarge1874 10 Cent Fractional Currency

This Note is from the 5th Issue of the Fractional Currency (or Postage Currency) series.

These were first issued in 1862 as a response to the widespread hoarding of small change during the Civil War. This fifth issue features a red seal and a portrait of Treasury Secretary William M Merideth on the obverse.

Fractional Currency was circulated up until 1876 as has proved to be very popular with collectors.

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1874 10 Cent Fractional Currency