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Category:      Philately > America > United States > Other

U.S 1862 Postal Currency

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Item number: 38095401 Number of visits: 26    
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Karlhh [99% (2566x)]
Current price: $ 20.00
Wallet Electronic wallet : No
Time left: 6 Day(s)
Location: United States / Arkansas
Seller checked: No


Item description:
U.S 1862 Postal Currency

Postal Currency, or Postage Currency, was a series of US Post Office notes printed in 5¢, 10¢, 25¢, and 50¢ denominations issued on August 21, 1862 and used until May 27, 1863. They were valid for redemption of postage stamps and, while not actually valid as legal tender, they could be exchanged for United States Notes in $5 lots and receivable in payment of all dues to the United States, up to $5. Essentially, they were postage stamps printed on Treasury paper.

When the American Civil War broke out, many people started hoarding coins. There was a near universal fear that paper currency would become worthless, especially to the losing side. Deprived of coins with which to make change, many businesses issued their own notes, tokens, or similar printed matter as a way of making change. The 5¢ and 10¢ notes depicted the same pictures as the postage stamps that were current at the time with Thomas Jefferson and George Washington. The 25¢ and 50¢ denominations simply had 5 images of the smaller denomination stamps pictured on one note.[1]

These Postal Currency notes remained in use until 1876 when Congress authorized the minting of fractional silver coins to redeem the outstanding paper postal currency.

Unless otherwise noted, stamps are sound, ie., have no thins, tears or creases. Buyer to pay $1 for s/h in North America and $1.50 worldwide . Multiple purchases are combined for the one low fixed shipping amount. Please view my other stamps and covers and please email me if you have any questions . Please check my stamps often as I add new auctions daily . Bid with confidence as I have over 1400 positive feedbacks at Ebay . Checks drawn on U.S. banks and Paypal accepted . If you reside out of the U.S.A. and cant meet the Paypal requirement then U.S. cash must be sent at your risk , NO EUROS OR OTHER FOREIGN CURRENCY . To view over 4000 of my stamp auctions click here .

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Conditions of sale:
Delivery
Method:    Shipping after payment
Shipping costs:    Paid by the buyer
Places:    Seller's country, Europe, North America, Central America, South America, Asia, Africa, Oceania
Payment
   Cash, Domestic check (seller's country), Paypal

Guarantee
   Money back if not satisfied

Shipping and handling:

Buyer to pay $1 for s/h in North America and $1.50 worldwide . Multiple purchases are combined for the one low fixed shipping amount. Buyer to pay all applicable fees for Paypal or Moneybookers . 

If an item is not paid for or we do not hear from winning bidders within ten days following close of auction we reserve the right to repost the auction . If you are not paying by PayPal it is in your interest to let us know how you intend to pay.


 

 
Information on the sale
Current price: $ 20.00
Bid increment: $ 0.25
Wallet Electronic wallet : No
Time left: 6 Day(s)
Starting date: Sun 11th May 2008 14:44:04 (GMT-5.0)
Ending date: Sun 19th Oct 2008 14:40:00 (GMT-5.0)
Information on the seller
Karlhh [99% (2566x)]
Location: United States / Arkansas
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Member since: Sun 20th Oct 2002 This member is registrated with Delcampe for 5 year(s)This member is registrated with Delcampe for 5 year(s)This member is registrated with Delcampe for 5 year(s)This member is registrated with Delcampe for 5 year(s)This member is registrated with Delcampe for 5 year(s)
 
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