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Fr. 1381 50 Cent Fifth Issue Fractional Currency. VF-EF.

$85.00

Fr. 1381 50 Cent Fifth Issue Fractional Currency.

VF-EF Typically 3 vertical folds and 1 horizontal one, or with a few extra light vertical folds that prevent an EF grade.

 

In stock

Product Description

Fr. 1381 50 Cent Fifth Issue Fractional Currency.

50 Cent Fractional Fifth Issue.

FR # 1381 with the signatures of Allison/New.

Sometimes known as the “Bob Hope” note due to Crawford’s uncanny resemblance to the famous star.

A portrait of William H. Crawford is shown to the left on the obverse. He was the Secretary of both the War and Treasury Departments 1815-1825.

The Currency Act of April, 17th 1876, directed that all Fractional currency notes were to be redeemable with silver coin. This act also brought about a fifth issue of fractional paper currency that was not easy to fake. By the end of the Fifth Issue in early 1876, there were more than enough silver coins circulating to meet the everyday needs of the nation and paper fractional currency was infrequently used or encountered.

VF-EF Typically 3 vertical folds and 1 horizontal one, or with a few extra light vertical folds that prevent an EF grade.

 

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