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-1243 Postage Currency. No monogram reverse Very scarce.
F-1241 Postage currency. The very scarce perforated edges without monogram example.
F-1249 Fiber paper with surcharges "T-1-18-63". Rare. The first we've handled!
F-1256 Small design figure "1" at left.
F-1255 Washington. Super fresh, wide margins.
F-1269 Vignette of Liberty., Very attractive.
F-1267, Fourth Issue 15c, Bust of Columbia.
F-1271, Fourth Issue, Bust of Liberty, Smaller red seal with blue violet fibers.
Error, Inverted Reverse, Very scarce at this grade level.