Description
Introduction to the Five Cent Fractional Note
The five cent fractional note, a fascinating piece of currency, was part of the third issue of U.S. paper money printed between 1864 and 1869. These notes were designed to address the currency shortage during the Civil War, making them a significant study of American monetary history. This example has rough edges and clipped corners.
Design and Features of the F-1238 Note
The F-1238, uniquely attributed to Spencer M. Clark, the superintendent of the National Currency Bureau, features his portrait prominently on the front. This was a common practice during this era, as it added a personal touch to the nation’s currency although it spurred legislation prohibiting the visage of any living person placed on financial instruments. The design not only reflects the artistic trends of the time but also served a practical function, fostering public trust in the new paper currency.
Collectors’ Interest in the Five Cent Note
The rarity of the F-1238 five cent fractional note has made it a sought-after item among collectors. Its historical context enhances its value, as it represents a time when the U.S. was transitioning from coins to paper money. Collectors often appreciate not just the currency itself, but also the story behind its creation and use. As a result, the five cent fractional note continues to be a topic of fascination for numismatists and history buffs alike.
