Fractional Currency First Issue

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First Issue: Printed 08/21/1862—05/27/1863

Though hastily enacted and signed into law by President Lincoln on July 17th, 1862, the first issue of "Postage Currency" was no less artful than the stamps which their designs were based. In haste to get some change of sorts back into the marketplace, the government assigned the obverse and reverse engravings to two different companies, the American and the National Bank Note Companies. The earliest issues maintained the "perforated" edges of regular stamps. They were short-lived and therefore more rare—and today more dear—than the "clean edge variety. They came in 5, 10, 25, and 50-cent denominations, the 25 and 50-cent examples created by simply repeating the portrait pattern across the notes. All these issues were stampted inscribed "Postage Currency" and all following issues "Fractional Currency"

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. Tthe even perforations on this note declare it to be one of the earliest premium examples of this type. This note misses the "Gem" designation only due to a slight shortening of the upper margin. As a "64" is known as an "in between" grade we've made a lower price than generally applied, so take this opportunity to add a high-end example at a reasonable cost! FR 1228-PCGS Grades Very Choice New 64 $650.00
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. Very slight orangish stain can be seen on on reverse. Problem Free Beauty. FR 1230 $100.00
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. Crisp AU/UNC. Very Sharp Note, Even Margins.. FR 1230 $125.00

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