Bidspirit auction | US Fifth Issue Fractional Currency,

US Fifth Issue Fractional Currency, 10 Cents, Series of 1874, William M. Meredith - This is a United States Fifth Issue Fractional Currency note with a face value of 10 cents, designated as the Series of 1874. The obverse features an engraved black-ink portrait of William M. Meredith, former Secretary of the Treasury, on the left. The denomination 10 CENTS is centered within a decorative lathed vignette above a red Treasury seal. The note bears the printed signatures of John Allison as Register and John C. New as Treasurer. The reverse is printed in green ink and includes text detailing its exchangeability for United States Notes and its acceptance for public dues in sums less than five dollars, citing the ACT OF MARCH 3D 1863. The note identifies the COLUMBIAN BANK NOTE CO. WASHINGTON, D.C. as the printer on the reverse. As is characteristic of this series, no serial number is present. Length: 3.125 inches Width: 1.875 inches. The note is in Good to Very Good condition, exhibiting signs of heavy circulation. The paper surface shows a dense network of creases and fine cracks. The corners are significantly rounded, and there is prominent wear along all edges. General toning is evident across the obverse and reverse, with some light staining present. The note is not professionally graded and is housed in a clear plastic screw-down holder.