|
Author |
Messages |
blix70

Posts
:
120
Location
:
N/A
|
kazoh said :
Wish I would have known last week lol...I just unloaded all of my fractional currency this past week to the local jewelers! This is the one American piece that I have left beside some silver certificates/two dollar bills that is worth anything...It is a 1862 1st issue 5cent postage currency piece that has been valued as VF/VF+ by two local shops. If you are interested to trade just let me know of what you think is appropriate in a PM.


Fractional Currency notes were issued from August 21, 1862 through February 15, 1876. Secretary of the Treasury Salmon Chase proposed to authorize postage stamps of some type as a new currency. Much of the public were using stamps as in lieu of change due to a severe shortage of coins. The post office did not like selling stamps for currency and they did not provide refunds for soiled stamps. Congress and President Lincoln approved the Postage Currency Act on July 17, 1862, which authorized an issue of 5, 10, 25, and 50 cent notes. The 1st Issues became known as Postage Stamp Currency because they bore facsimiles of the then current 5 and 10 cent postage stamps. Postage Currency (1st Issue) were never legal tender but could be exchanged for United States Notes in $5 lots and receivable in payment of all dues to the United States, up to $5. In the first few months of production, the sheets were perforated like stamps. These sheets were sold to banks and the public in sheets and you could tear off the notes needed with ease. The perforating machine could not keep up with the heavy demand so the banknote company started producing plain sheets that were cut with scissors. In 1863, Secretary Chase asked for a new Fractional Currency that was harder to counterfeit than the Postage Currency. The new Fractional Currency notes were different from the 1862 Postage Currency issues. They were more colorful with printing on the reverse.
sent PM thanks
anyone else have anything? old coins jewlry etc...
|
|
|
OneThunder

Posts
:
581
Location
:
N/A
|
I have some foreign coins my uncle gave me about 20 years ago...
|
|
|
bananaboat

Posts
:
131
Location
:
N/A
|
will take 200 blue legs 5 peps
|
|
|
blix70

Posts
:
120
Location
:
N/A
|
Jim
gotcha down you can checkout the skimmers also.
|
|
|
bananaboat

Posts
:
131
Location
:
N/A
|
sweet will probly be thursday(my day off right now) if thats goo for you if not early moroning (before 5pm) im back on midnights will let you know in the morning forsure jim
|
|
|
blix70

Posts
:
120
Location
:
N/A
|
thursday is good, around 7:00? that will gives us time to count them out.
Matt
|
|
|
imrinkrat

Posts
:
8
Location
:
N/A
|
If it would be convenient I can also come by Thursday night to pick up the snails (pack of 10) and I seen that you had Live Rock posted on MichiganReefers, I would like to get about 30lbs or so of that too (and any other impulse buys). let me know if that will work for you or if the weekend would be better.
Thanks
|
|
|
blix70

Posts
:
120
Location
:
N/A
|
thursday night is great for me.
phone 734-289-1562.
|
|
|
bananaboat

Posts
:
131
Location
:
N/A
|
thursday at 7pm would be good
|
|
|
bananaboat

Posts
:
131
Location
:
N/A
|
thursday at 7pm would be good
|
|
|