The product is a rare 25 cent Third Issue Fractional Currency note from the United States, with a Red Back design featuring "a" on the front. It has been certified by PMG with a grade of 64 EPQ, indicating exceptional paper quality. The note was issued between February 21, 1865 and March 6, 1865 during the Civil War era and is considered very scarce. The note bears signatures from S.B. Colby and F.E. Spinner, making it a valuable and collectible piece of US currency history.