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 IssuePMG 63EPQ$285
1st Issue 1228 $0.05 fractionals

Lovely 5-Cent First Issue with perforated edges and Monogram.  Perforations are all around on this original note with Exceptional Paper […]

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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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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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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
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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1311$0.501st IssuePMG 63$465
1st Issue 1311 $0.50 fractionals

A scarce issue with perforated edges, and without monogram.  This Choice CU example has lovely colors with pleasing perforations.  Bottom […]

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