Description

10 Cents First Issue 

⭐ Overview of the FR‑1242 10 Cents Fractional

The FR‑1242 10 Cents First Issue Fractional Currency note is a classic example from the earliest federal small‑denomination issues created during the Civil War. Because coins disappeared from circulation, the government needed a fast and practical solution. As a result, fractional currency became essential for everyday transactions. This specific variety features straight edges and the bold monogram, which makes it one of the most recognizable First Issue types. Collectors appreciate this design because it reflects the earliest emergency printing style used by the Treasury.

⭐ PMG 64EPQ Grade and Exceptional Paper Quality

This note carries a PMG 64EPQ Choice Uncirculated grade, which places it firmly in the high‑end Uncirculated range. The Exceptional Paper Quality (EPQ) designation confirms that the paper remains fully original, bright, and untouched. It shows strong color, sharp detail, and clean margins. Although PMG 64 sits just below Gem Uncirculated, it still offers impressive eye appeal. Many collectors prefer 64EPQ because it delivers true Uncirculated quality without the steep price jump associated with Gem 65 and higher. Therefore, this FR‑1242 represents excellent value for anyone seeking a premium First Issue example.

⭐ Historical Significance and Collector Appeal

The straight‑edge format is important because it reflects the earliest production style of fractional currency. Later issues introduced perforated edges, but the straight‑edge design remains iconic. It shows how quickly the government responded to the coin shortage during the Civil War. Additionally, the monogram adds a distinctive design element that enhances the note’s visual strength and historical character. Because this note was clearly saved for decades, it retains bright paper surfaces and strong originality.

⭐ A Strong Addition to Any Collection

Overall, this FR‑1242 10 Cents First Issue Fractional Currency note stands out as a premium Choice Uncirculated example. Its originality, brightness, and EPQ designation make it a strong addition to any advanced fractional currency or Civil War‑era paper money collection.