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.
F-1241 Postage currency. The very scarce perforated edges without monogram example.
F-1243 Postage Currency. No monogram reverse Very scarce.
Inverted Reverse. Very scarce.
F-1242 Postage Currency
F-1246 Scarce number. Has surcharge 18 63 S
F-1249 Fiber paper with surcharges "T-1-18-63". Rare. The first we've handled!
F-1246 A lone tiny pinhole in the top margin.
F-1244 Washington in oval.
F-1247 With reverse surcharges 18-63 and "I". Scarce.
F-1251 Washington, red back.
F-1255 Washington. Super fresh, wide margins.