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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1229$0.051st IssuePMG 55EPQ$275
1st Issue 1229 $0.05 fractionals

Exceptional Paper Quality is duly noted on this lovely AU ERROR note with perforations all around.  Bright paper and bold […]

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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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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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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 IssuePMG 64EPQ$395
1st Issue 1279 $0.25 fractionals

A fully perforated First Issue with monogram.  Lovely with bold inks on both front and back and Exceptional Paper Quality […]

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1281$0.251st IssuePCGS 25$68
1st Issue 1281 $0.25 fractionals
1310$0.501st IssuePMG 63EPQ$535
1st Issue 1310 $0.50 fractionals

A  vividly inked choice CU with perforated edges all around.  Three broad margins, top is tight.  ABC monogram on reverse, […]

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1312$0.501st IssueAU$85
1st Issue 1312 $0.50 fractionals