Fractional Currency Issue One

Fractional Bills Available from Fractional Currency.Net

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Continued Available Currency From Issue One: 08/21/1862—05/27/1863

First Issue Five Cent Note Jefferson on Obverse Monogramed reverse indicating that the obverse and reverse were done by different companies, The American Bank Note Company, and the National Bank Note Company Paper Shades Varied, This One Pale Yellow On Reverse FR 1230 $85.00
First Issue Five Cent Note Jefferson on Obverse Monogramed reverse indicating that the obverse and reverse were done by different companies, The American Bank Note Company, and the National Bank Note Company Light Chocolte Reverse, Nicely Centered FR 1230 $75.00
First Issue Five Cent Note Jefferson on Obverse Perforated, No Monogram FR 1229 This note, though grading somewhere in the "Fine" area, contains a vein of high grade history. Penciled notations on the reverse read "First 5 cent Shinplaster" across the top, and "received by N.A.J. Oct. 1862," across the bottom. N.A.J. might have been a bank officer, or merchant, someone who would have need or interest in marking the first shipment of the first issue of fractional currency to the financial institution, bank, or business. The earliest deliveries of the first issue probably occurred in August of 1862 and took some time to spread to businesses eagerly waiting for something backed by the government that would serve as "hard" money, i.e. change. Issuance of this first group ran until May of 1863. Fractional currency was, espcially early on, referred to as "shinplasters." Also used to describe the worthless promisorry notes and privately issued fractionals that had been printed and passed out by desperate merchants, fractionals inherited the term until they had proven their dependability. "Shinplasters" as the most reasonal explanation goes, referred expressly to the use of the earlier private script as in-a-pinch bandages that could stop the flow of blood from wounds to thin-skinned areas such as the shins during battles. This is of course also the rarest of the 5-cent first issue, both perforated, and with no reverse monogram, probably suggesting both the front and back were printed by one company, The National Banknote Co. Solid and stable overall, this note has the expected creasing--including a long vertical to the right of the reverse "5"--and some minor staining. Use the photo to evaluate. It is again, a nice "Fine" in our opinion. $69.00
First Issue Five Cent Note Jefferson on Obverse High End, PMG-Graded Straight Edged 5-Cent Jefferson With Straight Edges. Flawlessly Even Paper Color, And Near Gem Margining Make This Eye- Catching 64 "Choice Uncirculated" Note A Perfect Choice For Discerning Collectors Prudent Investors. FR 1230 Designated "EPQ", i.e., "Exceptional Paper Quality" $275.00

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