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25 Cents 'Fractional Currency' - 5th series
| Issuer | United States Treasury |
|---|---|
| Year | 1874 |
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| Currency | Dollar (1785-date) |
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| Obverse description | Central vignette comprises an intaglio portrait of Robert J. Walker, Secretary of the Treasury (1845–1849), set within an ornate engraved frame. The denomination 'TWENTY FIVE 25 CENTS' appears across the upper portion, flanked by guilloche lathe-work panels at left and right. The lower margin carries the imprint of the Bureau of Engraving and Printing alongside the facsimile titles of the Register and Treasurer of the United States. |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | TWENTY FIVE CENTS – 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. – Patented July 24 1866 – Act of March 3d 1863 |
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| Comments |
The fifth series of Fractional Currency was the last. Congress had grown increasingly embarrassed by the whole program — small-denomination paper had always been a wartime stopgap, and by 1874 the Treasury was actively winding it down in anticipation of the Specie Resumption Act of 1875. Production of fifth-series notes was deliberately curtailed, and redemption began almost immediately after issue.
The Columbian Bank Note Company's involvement is a minor curiosity; the Bureau of Engraving and Printing handled most federal security printing by this point, making outside contractors unusual for the period.