Meredith Fractional Currency Appraisal

United States Fifth Issue Fractional Currency - 10 Cent Note (Meredith)

This is a United States 10 Cent Fractional Currency note, identifiable as part of the Fifth Issue (1874–1876). The note features a portrait of William M. Meredith, who served as the Secretary of the Treasury under President Zachary Taylor. The bill is printed on a small, rectangular piece of paper typical of 'shinplasters' used during and after the Civil War due to a national coin shortage. This specific note shows a green and black intaglio print on the obverse with a prominent red seal on the right side. The text 'UNITED STATES TEN CENTS' is centered, and it bears the printed signatures of John Allison and A.U. Wyman. The top margin includes the 'American Bank Note Co. N.Y.' imprint, signifying the manufacturer. Regarding condition, the note exhibits heavy circulation wear, including significant soiling, rounding of the corners, and a notable tear or loss of paper at the bottom right corner. The edges are uneven and frayed, and the paper shows general discoloration and staining consistent with age and high-frequency handling. Despite the wear, the facial details of Meredith and the intricate lathe work of the borders remain discernable, though faded. The note serves as a prime example of late 19th-century American fiscal policy and engraving craftsmanship.