1st Issue

The first design of fractional currency was issued for 5, 10, 25, and 50 cent denominations and printed between 1862 and 1863. Also known as postage currency, each note featured pictures of a five or ten cent stamp — or a combination of both since no 25 or 50 cent stamps existed at the time. We also have second, third, fourth, and fifth issue fractional currency for sale.

  • Type



FR No.DenomTypeGradePrice
1228$0.051st IssueCH CU $435
1st Issue 1228 $0.05 fractionals

A scarcer issue with ABCO monogram on the reverse and perforations all around.  Very bright.

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1230$0.051st IssuePMG 50EPQ$75
1st Issue 1230 $0.05 fractionals

Margins all around on the straight edge example, with monogram.  Bright inked with Exceptional Paper Quality noted by PMG.

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1230$0.051st IssuePMG 55EPQ$285
1st Issue 1230 $0.05 fractionals

A desirable uncut sheet of three notes from the first issue of fractionals,  Nicely margined with Exceptional Paper Quality noted […]

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1240$0.101st IssueAU (tear)$115
1st Issue 1240 $0.10 fractionals

A vividly inked 10 cent note, scarcer issue with perforations all around.  Small closed tear at top margin.

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1242$0.101st IssuePCGS 35$75
1st Issue 1242 $0.10 fractionals
1242$0.101st IssuePMG 64EPQ$235
1st Issue 1242 $0.10 fractionals

A straight edge example with ABCo monogram on reverse.  Lovely, vividly inked note with margins all around and Exceptional Paper […]

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1279$0.251st IssueVF$115
1st Issue 1279 $0.25 fractionals

An evenly circulated  Very Fine example with ABCO monogram and even perforations all around.

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1281$0.251st IssuePMG 55NET$85
1st Issue 1281 $0.25 fractionals

A well centered straight edge example with ABC monogram. Net grade due to previous mounting.

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1281$0.251st IssuePCGS 25$68
1st Issue 1281 $0.25 fractionals
1281$0.251st IssueVF$42
1st Issue 1281 $0.25 fractionals
1281$0.251st IssueFine$30
1st Issue 1281 $0.25 fractionals

A problem free Fine with straight edges and ABCO monogram on reverse.

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1282$0.251st IssuePMG 50NET$350
1st Issue 1282 $0.25 fractionals

A very scarce issue with straight edged margins all around and no monogram on reverse. Net grade “repaired” on reverse.

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1310$0.501st IssueVF$115
1st Issue 1310 $0.50 fractionals

A scarcer first issue with perforated edges and ABCO monogram on reverse.  Top is cut on  the engraving line with […]

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1313$0.501st IssueCH VF$135
1st Issue 1313 $0.50 fractionals

This 50 cent first issue is described as a “very scarce sleeper” in the Kravitz book on Postage & Fractional […]

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