US 25 Cent Fr#1291 Third Issue Fractional Currency PMG 64 Choice Uncirculated EPQ

• Country: United States
• Denomination: 25 Cents
• Series: Third Issue (1864–1869)
• Catalog Reference: Fr#1291
• Type: Fractional Currency
• Signatures: Colby & Spinner
• Certification: PMG 1999188-001
• Grade: Choice Uncirculated 64 EPQ
• Reverse Color: Red Back
• Portrait/Vignette: William P. Fessenden
• Printer: Bureau of Engraving and Printing (BEP)

A striking 25 Cent Third Issue Fractional Currency, cataloged as Fr#1291, certified PMG 64 Choice Uncirculated EPQ. This superbly preserved note features crisp detail, vibrant ink, and exceptional paper originality with the Exceptional Paper Quality (EPQ) designation.

The front design showcases the portrait of William P. Fessenden, who served as U.S. Treasury Secretary during the Civil War, framed by ornate engraving and intricate anti-counterfeiting elements. Issued between 1864 and 1869, the Third Issue fractional notes were printed with various color backs — this particular example distinguished by its red reverse printing.

With strong embossing, balanced margins, and deep contrast, this note exemplifies the craftsmanship and innovation of America’s 19th-century currency design. An ideal piece for collectors of Civil War–era paper money and fractional currency specialists alike.

Background Information

Fractional currency was introduced during the Civil War when coin shortages caused the U.S. Treasury to issue small-denomination notes to facilitate everyday transactions. The Third Issue (1864–1869) marked an important evolution with new anti-counterfeiting features, including colorful reverses, overprints, and experimental fibers.

Cataloged as Friedberg #1291, this 25 cent note bears the Colby–Spinner signatures and features a vivid red back, adding to its desirability. The Third Issue is particularly popular among collectors for its artistic beauty and historical context as part of America’s wartime financial ingenuity.