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Fifth Issue: 02/26/1874—02/15/1876

This issue was short, being comprised of three denominations of 10, 25, and 50 cents, The economy was by then busy pushing West, finding new veins of gold and silver, thus pocket change was once again finding its way back where it belonged, into people's pockets.

Though narrow in scope, the portraits of issue five are distinguished in two ways. One is the 10-cent bill featuring the bust of William Meredith, who served under President Zachary Taylor. Meredith's is probably the most disgruntled of poses ever engraved for currency. The likeness of William H. Crawford, who served ably from 1815 through 1825 under first President James Madison, then James Monroe, appears on the 50 cent note. It bears such an uncanny resemblance to the late American comic icon Bob Hope that it's called the Bob Hope note.

This final issue marked the end of a marvelously successful workaround in the history of American currency, one that showcased both the ingenuity and the artistry of a young nation determined not only to survive, but to excel at drawing on its very diversity to fashion a unique American identity. Fractional currency epitomizes that effort, and that success.

Fifth Issue Ten Cent Note


Bust of William M. Meredith On Obverse



Red Seal, Short Key



Enjoy Owning A Meredith In The Upper Tier. A "65" Graded Note Is "Gem". That Term Is Thrown Out Oten On Auction Sites, But In Reality It's Very Hard To Achieve. Notice The Difference In The Strength Of Red In The Seal On The "64" Grade Below. Both Are Impressive But Only One Is Gem New, This One.

PCGS Gem New 65



FR 1266




reverse 10 cent     


Fifth Issue Ten Cent Note


Bust of William M. Meredith On Obverse



Red Seal, Long Key


Back in the day, when accounting was done by hand, old paper money was pinned together or pinned to loan documents in the banks.



A Gorgeous Choice New Note. The Black Ink Is Deep. The Margins Are Close To Gem, And The Reverse Is Richly Fibered. A High End Meredith Is An Affordable Example Of A Choice Uncirculated Fractional. An Acceptible Addition To Any Collection.


PCGS Choice New 64


FR 1265




reverse 10 cent      


Fifth Issue Ten Cent Note


Bust of William M. Meredith On Obverse


Green Seal

A barely circulated example of the scarcer "green seal" type. All have long keys. No Problems. A very pleasing hard-to-find note.





FR 1264





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