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50 Cents 'Fractional Currency' - 4th issue
| Uitgever | United States Treasury |
|---|---|
| Jaar | 1869-1875 |
| Type | Log in om details te zien |
| Waarde | 50 Cents (0.50 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 | 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. |
|---|---|
| Opschrift voorzijde | FRACTIONAL CURRENCY United States FIFTY CENTS RECEIVABLE FOR ALL UNITED STATES STAMPS TREASURY 50 |
| Beschrijving keerzijde | Log in om details te zien |
| Opschrift keerzijde | Log in om details te zien |
| Handtekening(en) | Log in om details te zien |
| Beveiligingstype | Log in om details te zien |
| Beschrijving beveiliging | Log in om details te zien |
| Varianten | Log in om details te zien |
| Opmerkingen |
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.