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Civil War Fractional Notes
Five issues of
fractional currency were issued
during the Civil War to provide citizens with "small change" for their daily
activities.
These small notes, whose designs resemble postage stamps, were issued in
denominations
of 3, 5, 10, 15, 25 and 50 cents. A total of $368,720,000 in these small notes was issued
between 1862 and 1876.
Shields of specimen fractional currency notes were often sold to banks and merchants to
use to compare a suspected counterfeit note against a genuine specimen.
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