Fractional Currency Value Appraisal

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United States Fifth Issue Fractional Currency, Ten Cents (Liberty)

This is a United States Fifth Issue Fractional Currency note with a face value of Ten Cents, originally authorized under the Act of March 3, 1863. This specific series was issued between 1874 and 1876. The front of the note features a detailed engraving of Columbia (or Liberty) on the left side, wearing a Phrygian cap. The center displays 'TEN CENTS' overlaid on a reddish-pink circular seal with intricate lathe work. The text 'Exchangeable for All United States Stamps' and 'FRACTIONAL CURRENCY' is clearly visible. The note was printed by the American Bank Note Co., N.Y., as indicated by the top margin text. Physically, the note is printed on parchment-like paper with a greenish-gray back tint (not fully visible). The condition appears well-circulated (Good to Very Good grade): there are significant signs of aging including heavy foxing, browning/staining, and rounded corners. The edges are frayed and uneven, with various small nicks and creases across the surface. There are no obvious large tears, but the heavy tonality and wear suggest it was handled extensively during the Reconstruction era. The engraving remains legible despite the surface grime, and the red seal retains a faded but distinct color.

Estimated Value

$10.00 - $18.00

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