Fractional currency was
introduced during the Civil War and were issued from Augtust 21, 1862 to 15
February 1876. These notes were issued
in denominations of 3 cent, 5 cent, 10 cent, 15 cent, 25 cent and 50
The U.S. government hoarded
coins for their bullion value and stopped exchanging paper money for silver and
gold coins. U.S. Treasurer Francis E.
Spinner helped create a solution to the coin shortage with the creation of
postage currency, which later led into Fractional Currency. The introduction of these notes played a key
role in economy during the Civil War.
Choice Crisp Uncirculated
please study the hi-resolution image
REFER to the SCAN to EVALUATE the
CENTERING, EMBOSSING, INKS, ALIGNMENT,
to formulate an
independent opinion as to the quality and suitability of the piece