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3 Cents 'Fractional Currency' - 3rd series

Uitgever United States Treasury
Jaar 1863
Type Log in om details te zien
Waarde 3 Cents (0.03 USD)
Valuta Log in om details te zien
Samenstelling Log in om details te zien
Afmetingen Log in om details te zien
Vorm Log in om details te zien
Drukker Log in om details te zien
Ontwerper(s) Log in om details te zien
Graveur(s) Log in om details te zien
In omloop tot Log in om details te zien
Referentie(s) Log in om details te zien
Beschrijving voorzijde Log in om details te zien
Opschrift voorzijde Act of March 3d. 1863 United States RECEIVABLE FOR ALL U.S. STAMPS. THREE CENTS Furnished only by the Assistant Treasurers & Designated Depositaries of the United States. FRACTIONAL CURRENCY Treasury Department
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde This Note is Exchangeable for UNITED STATES NOTES BY ASSISTANT TREASURERS AND DESIGNATED DEPOSITARIES OF THE UNITED STATES in sums not less than Three Dollars. RECEIVABLE IN PAYMENT OF ALL DUES TO THE UNITED STATES LESS THAN FIVE DOLLARS EXCEPT CUSTOMS.
Handtekening(en) Log in om details te zien
Beveiligingstype Log in om details te zien
Beschrijving beveiliging Log in om details te zien
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Opmerkingen

The Fractional Currency program was a direct response to coin hoarding that began almost immediately after Fort Sumter. By mid-1862, specie had vanished from everyday commerce — people were using postage stamps as small change until the gum made them unmanageable. The 3-cent denomination tracked the contemporary 3-cent postage rate and the copper-nickel 3-cent coin it was effectively replacing in transactions.

Third Series notes were printed on paper with pink fibers embedded as a rudimentary anti-counterfeiting measure — a response to the embarrassingly successful forgeries that had plagued the First and Second Series. The Bureau also added a red Treasury seal to this series specifically because of that counterfeiting problem.

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