US Fractional Currency

During the Civil War, the high demand for precious metals such as gold, silver, and copper resulted in a shortage of coins. Those that were minted were routinely horded by a nervous public. In response, in 1863, the U.S. government issued Fractional Currency in 3, 5, 10, 15, 25, and 50-cent denominations. Fractional Currency, which was printed in four issues and circulated until 1876, is widely available and popular with beginning...Continue Reading