By Robert J. Kravitz
This proved to be unworkable because the stamps quickly grew to become soiled, sticky and undeserving to be used. They have been simply now not designed for use again and again. Treasurer of the USA, Francis E. Spinner took the belief of utilizing stamps as foreign money to the subsequent point. He pasted unused U.S. Postage stamps on bits of Treasure paper minimize of a uniform dimension for the benefit of dealing with, and signed them. Congress loved the belief and Postage foreign money was once born.
In August 1862 the government issued Postage foreign money with the likeness of stamps at the notes. those have been eagerly approved, because the new strategy to make switch. The notes have been issued in 5¢, 10¢, 25¢ and 50¢ denominations. those notes have been quickly counterfeited, which created the necessity to factor a brand new layout. the recent notes have been known as Fractional forex. quickly, Fractional foreign money grew to become the pocket switch of the North in the course of the Civil War.
This up-to-date version includes not just the newest tendencies in costs for postage and fractional forex, but in addition over twenty pages of extra distinctive and formerly unpublished details at the heritage of this point of America's numismatic background. additionally incorporated are 1000's of full-color images, a rarity advisor for every person word, and valuations in as much as 8 stipulations. Mr. Kravitz has been learning, gathering and working in postage and fractional forex when you consider that 1968 and is well-known as one of many major specialists during this box.
The hugely acclaimed first variation got the 2004 Literary Award from the pro foreign money purchasers organization (PCDA), and received quick popularity as an important collector's reference book.
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A COLLECTOR’S GUIDE TO POSTAGE & FRACTIONAL CURRENCY: THE POCKET CHANGE OF THE UNION by Robert J. Kravitz