United States 1875 — Fourth Issue Fractional Currency, 25 Cents, Watermarked Paper, 40mm Seal (Friedberg 1301, Allison-Spinner)
The Fourth Issue 25 Cents Fractional Currency note, cataloged as Friedberg 1301, represents the mature phase of the Civil War–era fractional paper money system. Fractional currency was introduced during the coin shortages of the early 1860s when hoarding of silver created a critical absence of small change in circulation. By the Fourth Issue, the United States Treasury had refined both design and anti-counterfeiting measures to a high degree of technical sophistication. ... Read more →
United StatesIssued Note187525 CentsPMG 62 EPQ Uncirculated Fractional CurrencyFourth IssueWatermarked Paper40mm SealLarge red Treasury sealCivil War era currency25 CentsBureau of Engraving and PrintingFriedberg 1301Allison signatureSpinner signatureExceptional Paper Quality designationUnited States fractional moneyReconstruction era currencyEmergency paper currencyHistoryUnited States18751878PMG 62 EPQUncirculatedMuseum Grade