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<p>[QUOTE=&quot;RickieB, post: 338654, member: 2486&quot;]Since the past few Threads have been on Counterfeits... </p><p><br /></p><p>The first Fractional currency was issued to the public in August 1862.&nbsp; Initially, the new currency was in such high demand, that in some cities, permits had to be issued to allow merchants to acquire the notes!</p><p><br /></p><p>One such permit issued from the United States Treasury reads as such;</p><p><br /></p><p>&quot;New York Nov 12, 1862. This will entitle the holder to receive in exchange for for United States Notes</p><p>_____________________ Dollars in Postage Currency each Monday and Thursday until futher notice.</p><p><br /></p><p>John J. Cisco&nbsp; Asst Treasuer U.S.&quot;</p><p><br /></p><p>Quote: TEPFC (The Encyclopedia of Postage and Fractional Currency)</p><p>&quot;Unfortunately, Postage Currency notes lacked adequate protection against counterfeiting and counterfeit notes appeared shortly after the first release of the genuine notes. There were so many counterfeits that the public started a new outcry for protection. The Treasury then directed the National Currency Bureau to proceed with new designs for it&#039;s currency. The issue incorporating those design changes, known aas fractional currency, was printed by the Treasury Department.&quot;</p><p><br /></p><p><br /></p><p>RickieB[/QUOTE]</p><p><br /></p>

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