Free: 143 YEAR OLD 10 Cent Note from 1869 - Coins - Listia.com Auctions for Free Stuff

FREE: 143 YEAR OLD 10 Cent Note from 1869

143 YEAR OLD 10 Cent Note from 1869
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Description

The listing, 143 YEAR OLD 10 Cent Note from 1869 has ended.

143 YEAR OLD 10 Cent Note from 1869
Fractional Currency notes were issued from August 21, 1862 through February 15, 1876. Secretary of the Treasury Salmon Chase proposed to authorize postage stamps of some type as a new currency. Much of the public were using stamps as in lieu of change due to a severe shortage of coins. The post office did not like selling stamps for currency and they did not provide refunds for soiled stamps. Congress and President Lincoln approved the Postage Currency Act on July 17, 1862, which authorized an issue of 5, 10, 25, and 50 cent notes. The 1st Issues became known as Postage Stamp Currency because they bore facsimiles of the then current 5 and 10 cent postage stamps. Postage Currency (1st Issue) were never legal tender but could be exchanged for United States Notes in $5 lots and receivable in payment of all dues to the United States, up to $5. In the first few months of production, the sheets were perforated like stamps. These sheets were sold to banks and the public in sheets and you could tear off the notes needed with ease. The perforating machine could not keep up with the heavy demand so the banknote company started producing plain sheets that were cut with scissors. In 1863, Secretary Chase asked for a new Fractional Currency that was harder to counterfeit than the Postage Currency. The new Fractional Currency notes were different from the 1862 Postage Currency issues.
Questions & Comments
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GIN?
Jun 30th, 2012 at 9:52:29 PM PDT by
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Sorry, won't let me now,,,,Besides, you would all be slightly shocked what I would ask....
GL bidding all on this AUTHENTIC note,,,NOT a reproduction.
Jun 30th, 2012 at 10:02:32 PM PDT by
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as this sell for between 22-40 dollars on e-bay.
Jul 1st, 2012 at 3:33:02 AM PDT by
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not worth more than 350 to me so good luck to whoever pays more than that
Jul 1st, 2012 at 11:16:37 AM PDT by
Original
nice!
Jul 1st, 2012 at 11:02:21 PM PDT by
Original
f & w thanks for posting this
Jul 2nd, 2012 at 11:19:08 PM PDT by
Original
WOW! This is Great! Watching.
Jul 3rd, 2012 at 3:12:27 PM PDT by
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Yeah, its awesome to think of all the people and who they were when they held this and spent it over the years,,,,this bill is still recognized by the U.S. mint even though I doubt you'd wanna spend this.
Jul 3rd, 2012 at 3:47:46 PM PDT by
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intresting thought,, it looks like it,,lol
Jul 3rd, 2012 at 8:11:53 PM PDT by
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NO I didn't murder no one for this,,,mabe someone else did
Jul 3rd, 2012 at 8:13:50 PM PDT by

143 YEAR OLD 10 Cent Note from 1869 is in the Collectibles | Coins category