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  • U.S Paper Money Facts – Part II – UP NOW!

    Find out some more fun facts about US Money with U.S. Paper Money Facts – Part II. We had such a great response to Part I, we wanted to share some more interesting facts about the history of money in the U.S. ENJOY!

 
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Recent Posts

  • U.S Paper Money Facts – Part II February 23, 2018
  • Famous Collectors ~ Part 1 July 11, 2017
  • U.S. Paper Money Facts June 5, 2017
  • New Notes
  • Fractionals
    • 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.
    • 2nd Issue – The term “fractional currency” wasn’t actually used until the second issue (1863-1867). Because counterfeiting was such a problem with the first issue, the second featured a bronze oval on the front. Visit our main page to learn more about United States fractional currency.
    • 3rd Issue – The third issue of fractional currency is the only series that issued a three cent denomination. Additionally, they were the first fractionals to feature signatures from banking officers and the only series to be used during the Civil War. See below for third issue fractionals, or visit our fractional currency page for more options.
    • 4th Issue – Fourth issue fractional notes were the first series to feature a red or green treasury seal. They were also the first to issue a 15 cent denomination. This series was printed between 1869 and 1875. For more information on our currency for sale, visit our fractionals page.
    • 5th Issue – There were more 199 million fifth issue fractionals printed between 1874 and 1876. There aren’t many rare varieties in this series, in fact there are only six varieties altogether. You can find our stock of fifth issue US fractional currency below.
    • Specimens
  • Type Notes
    • Demand Notes
    • FRBN – Federal Reserve Bank Notes were issued in the U.S. between 1915 and 1934. Only large size notes were available in denominations of $5, $10, and $20 until 1918, when denominations of $1, $2, and $50 were added. In 1933, small size FRBN’s were printed as an emergency issue in response to many bank failures prompting the public to begin hoarding cash. Take a look at the Federal Reserve Bank Notes available from Alex Perakis Coins & Currency below.
    • FRN
    • Gold Certificates – In the mid 19th century, the US treasury started issuing gold certificates as part of its paper currency. The certificates gave the holder title to a corresponding amount of gold from the vault. Gold certificates were in circulation until 1933, when the United States banned private gold ownership.
    • Legal Tender – The term legal tender can be applied to any old currency that was issued as a United States note. Legal tenders were not bank issued and not backed by gold or silver. The US initially experimented with legal tenders during the Civil War. Be sure to visit our small size legal tender and type notes pages for more information.
    • Silver Certificates – Silver certificates were issued by the United States as early as 1878, as part of its circulation of paper money. They were intended to be redeemable for their worth in silver dollar coins, but since 1968 have only been redeemable in Federal Reserve Notes. Large size silver certificates were issued from 1878-1923, while small size silver certificates were issued from 1928-1964.
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