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| 表面の説明 | The obverse bears a left-positioned portrait vignette of William H. Seward, former U.S. Secretary of State, with the denomination "FIFTY CENTS" printed centrally above a red Treasury Seal. The inscriptions "FRACTIONAL CURRENCY" and "United States" appear at the top, while the legend "RECEIVABLE FOR ALL UNITED STATES STAMPS" runs along the lower border, with the numeral "50" flanking the seal. |
|---|---|
| 表面の銘文 | FRACTIONAL CURRENCY United States FIFTY CENTS RECEIVABLE FOR ALL UNITED STATES STAMPS TREASURY 50 |
| 裏面の説明 | ログイン して詳細を見る |
| 裏面の銘文 | ログイン して詳細を見る |
| 署名 | ログイン して詳細を見る |
| 偽造防止技術 | ログイン して詳細を見る |
| 偽造防止の説明 | ログイン して詳細を見る |
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The Fourth Issue fractional notes emerged from a genuine production crisis. Earlier issues had suffered rampant counterfeiting and deterioration in circulation — the Treasury's response was to add bronze tinting to the face and a distinctive watermarked paper with embedded pink and blue silk fibers. The 50-cent denomination within this issue appeared in multiple varieties, with differences in the Treasury seal color (red versus green) and paper type creating distinct sub-varieties that collectors have parsed carefully ever since.
Fractional currency existed because the Civil War had driven coins entirely out of circulation — hoarded by a public terrified of paper. Congress never expected these notes to survive six years of heavy pocket use, and most didn't.