PMG Registry Featured Set: Fractional Currency

Posted on 12/20/2022

The Los Gatos Collection has brought together a stunning group of these 19th century US notes in denominations of less than a dollar.

Many of us have heard the quote: “Find joy in the little things in life.” Collectors of Fractional Currency, the smallest-denomination notes in US history, would agree.

Fractional Currency made its debut back in 1862 as the result of a coin shortage amid the Civil War. These notes were printed in denominations from 3 Cents to 50 Cents and had five issues. Featuring a variety of designs, these notes are colorful and unique, making them attractive for many US paper money collectors.

50 Cents Third Issue Fractional Currency graded PMG 65 Gem Uncirculated EPQ
Click images to enlarge.

The PMG Registry Fractional Currency, Complete Type Set requires an example of each denomination note for all five issues, which is 20 notes total. With 67 participants, this category is the most popular of all the fractional set types in the PMG Registry. This month, we feature a remarkable complete type set by Los Gatos Collection, found here.

25 Cents Third Issue Fractional Currency graded PMG 64 Choice Uncirculated EPQ
Click images to enlarge.

Currently sitting in first place with this set, Los Gatos Collection is obviously passionate about all things fractional. Started only in January 2022 and commanding over 42,000 PMG Registry points, this set is a true pleasure to view. This collection is a compilation of high-quality examples of all 20 notes, most graded PMG 64 Choice Uncirculated or higher, and many are top pops. The set owner offers personal and thoughtful comments about each note. The photo gallery is 100% complete; each crisp image is a testament to the detailed and unique artistry behind every note in all five issues. Be sure to check out the slideshow here.

Thank you, Los Gatos Collection, for sharing this and so many other of your unique collections with the PMG community. We look forward to seeing what updates you will make to all your sets in 2023. It’s never too early to start planning for the 2023 awards!

Would you like your set to be chosen for a future article? 100% completion in a set is not always feasible. Our team features sets with thoughtful comments and images for their set descriptions and notes. It may be your set! Stay tuned.

The PMG Registry is a free online platform where collectors register and display their certified notes and can compete against other collectors around the world for recognition and prizes. This popular resource now boasts over 18,000 registered sets and over 101,000 registered notes. Paper Money Guaranty® (PMG®) is excited for the 2022 PMG Registry Awards, and we hope you are, too! The judges are working hard to choose the major winners for this year! Winners will be announced on January 6, 2023! Winners of PMG Registry Awards will receive a personalized plaque, an icon of recognition next to their PMG Registry set, and a $500 PMG grading credit!

Questions or comments? The PMG Registry team is here to help. To learn more about the PMG Registry, click here.

Related Links

Stay Informed

Want news like this delivered to your inbox once a month? Subscribe to the free PMG eNewsletter today!


You've been subscribed to the PMG eNewsletter.

Unable to subscribe to our eNewsletter. Please try again later.

Articles List