1874–1876 United States 10¢ Fractional Currency – Fifth Issue | William M. Meredith

Step back into a transformative period of American history with this United States 10-Cent Fractional Currency Note from the Fifth Issue (1874–1876). Often referred to as “paper coins,” these notes were authorized by Congress during and after the Civil War to address a nationwide shortage of metal coinage caused by hoarding.

This historic note features a portrait of William M. Meredith, who served as U.S. Secretary of the Treasury from 1849 to 1850. Known for its intricate engraving and compact design, the Fifth Issue fractional currency represents the final series produced before the United States resumed widespread use of coinage.

With visible signs of circulation consistent with its age, this authentic 19th-century artifact embodies both historical significance and collector appeal. It is an exceptional addition to any numismatic collection focused on early American paper money.

Key Details

• Item: United States Fractional Currency Note
• Denomination: 10 Cents (One-Tenth of a Dollar)
• Issue: Fifth Issue
• Years of Issue: 1874–1876
• Portrait: William M. Meredith, Former U.S. Secretary of the Treasury
• Nicknamed: “Paper Coins”
• Country of Origin: United States of America
• Material: Printed on thin currency paper
• Purpose: Issued to alleviate coin shortages during and after the Civil War
• Legal Status: Obsolete and no longer redeemable
• Condition: Circulated, showing typical wear for a note over 150 years old
• Collectibility: Highly sought after by numismatists and historians

Historical Significance

Fractional currency was introduced in 1862 to facilitate everyday commerce when Americans hoarded gold and silver coins during the Civil War. These small-denomination notes became essential for daily transactions. The Fifth Issue, produced between 1874 and 1876, marked the final chapter in this unique era of U.S. monetary history, ending as coin circulation stabilized.

The inclusion of William M. Meredith’s portrait reflects the Treasury’s tradition of honoring influential figures in American financial leadership.

Rarity and Value

• Authentic Civil War-Era Currency: Over 150 years old.
• Final Fractional Currency Series: Represents the last issue of its kind.
• Highly Collectible Denomination: Popular among U.S. paper money collectors.
• Historic “Paper Coin”: A fascinating alternative to metallic currency.
• Fragile Survivor: Few examples remain in collectible condition due to delicate paper.
• Investment Potential: Value varies based on preservation, centering, and eye appeal.

Why Add This Note to Your Collection?

This Fifth Issue 10¢ Fractional Currency Note (1874–1876) offers a rare opportunity to own a genuine piece of American financial history. Its distinctive design, Civil War-era origins, and enduring collector demand make it an invaluable addition to any numismatic portfolio.

Secure this remarkable relic of 19th-century America today!