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50 Cents 'Fractional Currency' - 5th series
| Issuer | United States Treasury |
|---|---|
| Year | 1874-1875 |
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| Reference(s) | P#124 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | United States FIFTY CENTS SERIES OF 1875 Fractional Currency |
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| Reverse lettering | UNITED STATES THIS NOTE IS EXCHANGEABLE FOR UNITED STATES NOTES BY THE 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. Act of March 3rd 1863. Act of June 30th 1864. JOS. R. CARPENTER - PHILADELPHIA. FIFTY CENTS |
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| Comments |
The Fifth Issue fractional notes were the last ever produced by the United States government — Congress killed the program with the Fractional Currency Act of 1876, ordering redemption in silver coin as specie payments resumed following the Civil War-era suspension. By that point the Treasury had been printing small-denomination paper for over a decade, a stopgap born entirely from the wartime hoarding of coins that stripped them from everyday commerce almost overnight in 1862.
Wyman served as Treasurer under Grant. The series is notable for introducing a pink fiber paper with blue fiber variants, making it one of the more technically differentiated runs in the entire fractional program.