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.
There are some minor erosions in the note, though it does not detract from this historical fiscal relic
the note illustrated is the exact one you will receive
please study the hi-resolution image yourself
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.
For more information on this piece, please contact our office 586.979.3400