Grading Fractional Currency Fifth Issue Notes: How Perforations, Surcharges, and Experimental Varieties Affect Grade Assignment
The Fifth Issue of United States Fractional Currency (1874-1876) presents some of the most nuanced grading challenges in all of American paper money collecting, with perforations, surcharges, and rare experimental varieties each capable of dramatically shifting a note’s grade and value. This guide breaks down exactly what graders look for, which varieties command premiums, and how to evaluate your own Fifth Issue pieces with confidence.
Read More →