Description
Thank you for showing interest in our Series of 1861-66 Scott #76a Jefferson 5 Cent Stamp. This stamp has two seperate Fancy Cancels, one is with Black ink & the other, Orange Ink was used (a very rare colored cancel). The stamps reverse has No Gum & has Never been Hinged. If you look closely at the stamps coloring, you'll notice that it's a darker shade of Brown, with Black coloring mixed in the ink pigment, making the stamp a Black-Brown variation. This stamp would make a great addition to anyone's stamp collection! Please look at photo's to determine the stamp's condition! Scott # 76a Effigy: Jefferson Denomination: 5 Cent Earliest Known Use: February 3, 1863 Quantity issued: 6,500,000 (estimate) Printed by: National Bank Note Company Method: Flat plate Watermark: None Perforation: 12 Color: Brown The Catalog Value is $445.00 We are pricing this stamp over 50% Off CV Some Fun History: in 1861, the United States began printing paper notes to finance its Civil War operations. Since the back of the notes were printed in green, they were commonly referred to as "greenbacks." At first, the notes were redeemable in coins, but as the war raged on, they became merely promises of the U.S. government to pay. Since the notes had no metal money behind them as security, people began to hoard their gold & silver coins. By 1862, greenbacks were being used more frequently, as coins disappeared from circulation. Eventually, small change vanished completely, & greenbacks were the only currency being used. Since much of what people needed cost less than a dollar, they found themselves faced with an unusual dilemma: how to pay for things without using their precious coins. Soon people were buying a dollar's worth of stamps & using them as change instead. We appreciate you taking the time to check our our 1863 Scott #76a Jefferson Canceled Stamp! Don't forget to scroll through our shop, where we have many more collectable Silver Coins & Stamps available!! Old Us Stamps, Series Of 1861-66 Scott #76A Jefferson 5 Cent Stamp, Orange/Fancy Cancel, No Gum, Never Hinged High Cv 445.00
