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    Fr. 1382 Fractional Currency Shield, With Gray Background.
    Fractional Currency Shields were made to be used in banks and post offices for counterfeit detection. They were printed between June 1866 and May 1869 and are composed of 20 faces and 19 backs, all uniface Specimens. The 25¢ Second Issue back has, as always, faded to light blue. There are four hand-signed notes with three Jeffries-Spinner and one 10¢ Third Issue, a Colby-Spinner which shows major ink bleed at Spinner's signature. An interesting anomaly arises in that the ten-cent Third Issue Red Back has the bronze "10" shifted low to where it is just a few millimeters from being off the note. While none of the normal bottom waterstaining on the bottom of the shield is seen, the 50¢ face and back and all three 3¢ notes are stained. At the top, the left side of the Justice face and the Fessenden Green Back have what appear to be glue stains, and the 50¢ First Issue face has toned. There is also a stain line at the level of the Grant/Sherman notes where both of these and the 10¢ and 25¢ Second Issue Faces are stained. The gray background is bright and sharply printed, with the stars and eagle providing great eye appeal. The frame that is oft-times referred to as original is actually contemporary, as the shields were all shipped flat, sans frame.

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    Auction Dates
    September, 2015
    16th-22nd Wednesday-Tuesday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
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