Hey gang! I bought a very neat collection of coins and currency yesterday and in it was about 50 super CU fractionals. Im getting them packed up and cataloged for shipping to PMG. Part of that process is to photo every note in case the package is lost in the mail. I figured I'd use this thread to share those pics because you just don't see fractionals of this caliber every day. Third issue in green.
WOW! That is a nice collection to assemble raw. Did the original owner buy them graded and cut them out? If they were assembled raw I am going to guess that this is an older collection that someone put a lot of time and effort into. Very nice purchase!
I purchased this collection from the 4th generation owner. They were in very old embossed and monogrammed envelopes when I got them. It looks like they got them right from the bank and put them in the envelopes.
I will... I think quite a few of these have some pretty lofty aspirations grade wise. On another note... no luck on the envelopes.
dang... Well, make sure you post the grades for us. I would really like to see what you get back. Fractionals have been doing very well lately in the larger auctions.
These are stunning! I looked at them closely and realized I have never seen the backs of many of these in color. Terrific engraved lathework! And I wasn't aware how many different bank note companies produced the 4th and 5th issues -- Columbian, American, National, and Joseph Carpenter. Great stuff -- thanks for sharing!
I would continue trying to find those envelopes. They will give the notes some historical context and possibly added value. It has been said that less than 1% of the Fractional Currency ever made survives today. How many original envelopes that were used to store newly printed Fractional Currency from the bank are still extant? I would venture to say not many. Infact, I would venture to say that these envelopes may even be unique. Anyway, fractional currency should go back into production and take the place of using coins in commerce. Coins get very dirty and are easily lost. Coins are also hoarded at a much higher level than currency. This results in the government having to mint billions of new coins every year to counter this habit. Simply put, fractional currency would be so much easier and convenient to use than coins.
Oh are you kidding me!?!? On top of the colonial notes you got all of those beautiful fractionals as well?!?! I just may hate you a little now...
Matt, Is there any reason why you picked PMG over PCGS to send the notes too? I'm looking forward to seeing those envelopes!
The last order I sent to PCGS took 13 weeks. When they advertised a 4 week turnaround. I'm going to give PMG a whirl this time.
I agree, the one time I sent something into PCGS it took about 4 times longer then they told me and when I called they could not even find my order. I have heard much nicer things about PMG.