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<p>[QUOTE="Skippy Topaz, post: 4964553, member: 76224"]It’s been a really long time since I made any new acquisitions but stumbled across this 1863 Fractional Note with two U.S. Generals Sherman and Grant on it that I’d never seen before and had to add it to the collection.</p><p><br /></p><p><img src="https://i.ibb.co/z2TtNxf/1863-Fractional-15-Cants2.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Did a little research and found out that only three people were ever <span style="color: #000000">depicted on fractional currency during their lifetime: Francis E. Spinner (Treasurer), William Fessenden (a Senator and Secretary of the Treasury), and Spencer Clark (Superintendent of the National Currency Bureau) but when</span> Spinner and Clark decided to have their portrait depicted on currency and it was suggested that the Treasury's privilege of portrait selection for currency was being abused.</p><p><br /></p><p>So, in 1866 Congress enacted legislation specifically stating <b>"that no portrait or likeness of any living person hereafter engraved, shall be placed upon any of the bonds, securities, notes, fractional or postal currency of the United States.”</b> and on the date of passage, the plates for this 15-cent note depicting Sherman and Grant had not been completed and fell under the scope of the new law and were never issued. So, the Sherman-Grant note only exists as a specimen and doesn’t have anything on the reverse.</p><p><br /></p><p>Too bad because I think it’s such a cool note <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Skippy Topaz, post: 4964553, member: 76224"]It’s been a really long time since I made any new acquisitions but stumbled across this 1863 Fractional Note with two U.S. Generals Sherman and Grant on it that I’d never seen before and had to add it to the collection. [IMG]https://i.ibb.co/z2TtNxf/1863-Fractional-15-Cants2.jpg[/IMG] Did a little research and found out that only three people were ever [COLOR=#000000]depicted on fractional currency during their lifetime: Francis E. Spinner (Treasurer), William Fessenden (a Senator and Secretary of the Treasury), and Spencer Clark (Superintendent of the National Currency Bureau) but when[/COLOR] Spinner and Clark decided to have their portrait depicted on currency and it was suggested that the Treasury's privilege of portrait selection for currency was being abused. So, in 1866 Congress enacted legislation specifically stating [B]"that no portrait or likeness of any living person hereafter engraved, shall be placed upon any of the bonds, securities, notes, fractional or postal currency of the United States.”[/B] and on the date of passage, the plates for this 15-cent note depicting Sherman and Grant had not been completed and fell under the scope of the new law and were never issued. So, the Sherman-Grant note only exists as a specimen and doesn’t have anything on the reverse. Too bad because I think it’s such a cool note :)[/QUOTE]
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