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Postage (or postal) currency was the first of five issues of US Post Office fractional paper money printed in 5-cent, 10-cent, 25-cent, and 50-cent denominations and issued from August 21, 1862, through May 27, 1863. [16] Spinner proposed using postage stamps, affixed to Treasury paper, [17] with his signature on the bottom (see illustration ...
Abraham Lincoln – 50¢ Fractional currency. $10 Demand Note; $20 Compound Interest Treasury Note; $20 Interest Bearing Note; Fractional currency. 50¢ fourth issue (with left-facing portrait) Abraham Lincoln – Series of 1880 $100 bill. United States Note. $5 Series of 1928, A—F; $5 Series 1953, A—C; $5 Series 1963; $10 Act of 1862 and ...
Abraham Lincoln was portrayed on the 1861 $10 Demand Note; Salmon Chase, Lincoln's Secretary of the Treasury, approved his own portrait for the 1862 $1 Legal Tender Note; Winfield Scott was depicted on Interest Bearing Notes during the early 1860s; William P. Fessenden (U.S. Senator and Secretary of the Treasury) appeared on fractional currency ...
It became so popular that Spinner proposed to President Lincoln and Lincoln passed a bill in April 1861 enacting the postal Currency Act. This made postal currency legal and prohibited private, non-Governmental entities from producing notes, coins or currency. Thus, what we know as fractional currencies were born.
On eBay, these kinds of bills can sell for anywhere from $10 to $300. The lower the serial number, the more valuable the currency is considered to be; a bill with the serial number 00000001 could ...
They switched to small size in 1929 and are the only type of currency in circulation today in the United States. They were originally printed in denominations of $5, $10, $20, $50, $100, $500, $1,000, $5,000 and $10,000. The $500, $1,000, $5,000 and $10,000 denominations were last printed in 1945 and discontinued in 1969, making the $100 bill ...
Fifty-cent Fractional Currency depicting Spinner, with autograph signature. On the recommendation of Secretary of the Treasury Salmon P. Chase, he was appointed by President Lincoln as Treasurer of the United States and served from March 16, 1861, until his resignation on July 1, 1875. Within 60 days of his assuming office, the expenditures of ...
United States Note. A United States Note, also known as a Legal Tender Note, is a type of paper money that was issued from 1862 to 1971 in the United States. Having been current for 109 years, they were issued for longer than any other form of U.S. paper money other than the currently issued Federal Reserve Note.