First Issue 10 Cent Fractional FR # 1242. Graded 65 EPQ (Exceptional Paper Quality) Gem by PMG. Beautiful note with bright paper, deep color, fantastic margins and superb eye appeal. The first coin substitute notes issued under the 1862 Act were called Postage Currency. These notes are easily identified because they feature reproductions of then current postage stamps. These notes came with perforated and straight edges. They were printed by the American Bank Note Co. and the National Bank Note Co. which were basically extensions of the government holding a special license amounting to a monopoly. Please view our other on FIRE Ebay auctions. If there is something specific you need, please contact us by email or by calling. Enjoy! 11414cyistkslc.