Faced with severe hoarding of coinage during the Civil War, the Federal government was forced to issue small change paper money, known as "Fractional Currency" to alleviate the situation. Several different series of notes were issued between 1862 and 1876, all in denominations less than one dollar.
From the first issue of Postage Currency, so named because of the postage stamp designs, to the odd 3 Cent note (issued because the cost to mail a letter was 3c) and the unusual 15 Cent note, Fractional Currency is a fascinating and affordable way to collect early U.S. paper money. This field has enjoyed great popularity in recent years and continues to amaze generations of collectors.
#110374: Postage currency. The very scarce perforated edges without monogram example.
#121770: Postage currency., Scarce variety without ABNCo monogram. It looks every bit the part of a fully choice Uncirculated note.
#108722: Fiber paper with surcharges "T-1-18-63". Rare. The first we've handled!
#132746: and Superb-67. PPQ. Wide Margin Specimen Pair., PCGS Certified as follows: Front side note Gem New 65 PPQ., Back Side note Superb Gem New 67 PPQ., A magnificent wide margin Specimen pair.