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    Immaculate Green Fractional Currency Shield
    One of the Finest of About a Dozen Known

    Fr. 1382 Fractional Currency Shield, With Green Background.
    Fractional Currency Shields were produced to be used in banks and post offices for the purpose of counterfeit detection. They were manufactured between June, 1866 and May, 1869 and are composed of 39 First, Second, and Third Issue uniface Specimen notes affixed to a pre-printed large piece of cardboard. As notes were taken in on deposit, they could be compared to the BEP Printed Specimens, which were true to size, and printed from the same plates as the circulation issues. The presentation satisfied the goal of intercepting counterfeits, and served as art in bank lobbies and offices. The form and function of these pieces is not lost on collectors, who simply love them.

    About a dozen Fractional Currency Shields with green backgrounds are known. This piece is the Friedberg example offered by CAA back in 1997 is easily still the finest example to pass through our auctions. The vivid green background is as bright as we have seen. While the water staining at bottom left is common on shields, a result of a flood in the Treasury, it is minimal on this piece. As a group, the banknote specimens attached to the green back, are as nice as one will find on a shield. The bronzing on the Second and Third Issue notes, remains bold and perfectly "golden." With a few minor exceptions, the paper is largely bright and attractive on each of the notes. The minor exceptions would be a muted Second Issue 25¢ back, and some toning of the paper on the dark background 3¢, and a couple of the First Issue pieces. This exceptional Shield is emblematic of the Tabacco Family Collection, which will stand forever as one of the finest offerings of Fractional currency.
    From the Tabacco Family Collection

    View all of [The Tabacco Family Collection ]

    Auction Info

    Auction Dates
    April, 2021
    21st-23rd Wednesday-Friday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 504

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