Description
FR‑1232 Five Cent Second Issue Fractional Currency
This FR‑1232 Five Cent Second Issue Fractional Currency is a strong example of Civil War‑era emergency money and remains a desirable collectible for anyone building a high‑quality fractional currency set. Issued between 1863 and 1867, this note features the portrait of George Washington inside a bronze oval frame, a design that reflects the government’s need for small‑denomination paper money during a period of national coin hoarding.
PMG 58EPQ Grade and Exceptional Paper Quality
Certified by PMG as 58EPQ, this note carries the designation Choice About Uncirculated with Exceptional Paper Quality. EPQ confirms that the paper surfaces remain fully original, with no signs of pressing, cleaning, or restoration. Collectors value EPQ notes because they retain their natural texture, embossing, and color. This example shows strong visual appeal, excellent color, and balanced margins that support the grade.
Correct FR‑1232 Variety Without Surcharges
The reverse of this note displays the classic reddish‑brown printing associated with Second Issue fractional currency. As expected for FR‑1232, the back carries no surcharges, making it the correct and desirable variety for collectors who focus on Friedberg accuracy. Notes without surcharges are often preferred because they represent an earlier and cleaner printing style.
Eye Appeal, Originality, and Collector Value
This PMG‑certified piece offers nice color, strong detail, and pleasing centering. The originality of the paper is evident, and the EPQ designation reinforces that this note has not been altered. Fractional currency in higher About Uncirculated grades continues to gain interest due to limited surviving examples and growing demand from both new and advanced collectors. A PMG 58EPQ provides an excellent balance of affordability and premium eye appeal.
A Strong Addition to Any Fractional Currency Collection
Whether you are expanding a Civil War‑era collection or searching for a certified fractional note with originality, this FR‑1232 PMG 58EPQ is a reliable and historically significant choice. Its combination of grade, design, and authenticity makes it a standout addition to any numismatic portfolio.

AMERICA 250 – UNITED STATES OF AMERICA 1776–2026

