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10 Cents 'Fractional Currency' - 5th series

发行方 United States Department of the Treasury
年份 1874
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流通至 1876
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背面描述 The reverse is printed entirely in green ink and centers on a large, intricately engraved guilloche medallion containing the redemption text, surrounded by ornate lathe-work borders. The inscriptions FRACTIONAL, TEN CENTS, and CURRENCY run across the top, while the denomination numeral 10 appears at each corner within scrollwork vignettes. The printer's imprint COLUMBIAN BANK NOTE CO. WASHINGTON, D.C. is set along the lower margin.
背面铭文 This Note is Exchangeable for United States Notes By Assistant Treasurers And Designated Depositories Of The United States in the sums not less than Three Dollars. Receivable In Payment Of All Dues To The United States Less Than Five Dollars Except Customs. – Columbian Bank Note Co. Washington, D.C.
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The Fifth Issue fractional notes were the last attempt by the Treasury to maintain a small-denomination paper currency that had existed since 1862, when hoarding of silver coins during the Civil War created a severe shortage of small change. By 1874, the political will to continue the series was fading — the Specie Resumption Act would pass the following year, and redemption of fractional currency began in earnest in 1876, with hundreds of millions of notes destroyed in the process.

The Columbian Bank Note Company's involvement in this series is itself a footnote: much of the Fifth Issue printing was handled by the Treasury's own Bureau of Engraving and Printing, with Columbian playing a supplementary role. Surviving examples from this printer attribution are correspondingly less common than their BEP counterparts.

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