MONSTER Fractionals.

Discussion in 'Paper Money' started by LostDutchman, Apr 7, 2012.

  1. LostDutchman

    LostDutchman Moderator Moderator

    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.
    fract1.jpg fract2.jpg
    fract3.jpg fract4.jpg
    fract5.jpg
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  3. LostDutchman

    LostDutchman Moderator Moderator

    Third issue in red
    redfract1.jpg redfract2.jpg
    redfract3.jpg
  4. LostDutchman

    LostDutchman Moderator Moderator

    Second Issue
    second1.jpg second2.jpg
  5. jhinton

    jhinton Active Member

    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!
  6. LostDutchman

    LostDutchman Moderator Moderator

    First Issue 10c Note Folded.
    1st1.jpg 1st2.jpg
  7. krispy

    krispy krispy

    Very nice! Thanks for sharing. I hope you will share the grades when they come back too!
  8. LostDutchman

    LostDutchman Moderator Moderator

    Fourth Issue
    4th1.jpg 4th2.jpg

    Fifth Issue Writing on Rev of $.10
    5th1.jpg 5th2.jpg
  9. LostDutchman

    LostDutchman Moderator Moderator

    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.
  10. jhinton

    jhinton Active Member

    Matt,
    That is awesome! Did you keep the envelopes? I would like to see a picture of them.
  11. LostDutchman

    LostDutchman Moderator Moderator

    I'll dig around and see if I can find them.
  12. LostDutchman

    LostDutchman Moderator Moderator

    I will... I think quite a few of these have some pretty lofty aspirations grade wise.

    On another note... no luck on the envelopes.
  13. jhinton

    jhinton Active Member

    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.
  14. gsalexan

    gsalexan Bank note aficionado

    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!
  15. NOS

    NOS Coin Hoarder

    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.
  16. Dr Kegg

    Dr Kegg Star Note Fanatic

    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... :D
  17. Dave M

    Dave M Francophiliac

    Wow, that's a great set of notes with a nice history to back them up. Congrats!

    Dave
  18. LostDutchman

    LostDutchman Moderator Moderator

    2 Things...

    The notes went to PMG today.

    I found the envelopes. I'll get some pics shortly.
  19. jhinton

    jhinton Active Member

    Matt,

    Is there any reason why you picked PMG over PCGS to send the notes too? I'm looking forward to seeing those envelopes!
  20. LostDutchman

    LostDutchman Moderator Moderator

    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.
  21. jhinton

    jhinton Active Member

    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.

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