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-1249 Fiber paper with surcharges "T-1-18-63". Rare. The first we've handled!
F-1269 Vignette of Liberty., Very attractive.
Error, Inverted Reverse, Very scarce at this grade level.
Postage Currency. ERROR. Inverted Reverse.
F-1331 Portrait of Spinner. Type 1.