Fractional Currency 1863-1876
When the banks suspended specie payments during the Civil War, the supply of small change disappeared and thus making change for a purchase impossible.
Fractional Currency - Paper money issued in denominations of 3¢, 5¢, 10¢, 15¢, 25¢ and 50¢ from 1863-1876.
fractional currency: Usually refers to the United States paper money issued from 1862 to 1876 in denominations from 3 to 50 cents. See also currency.
Fractional Currency
Any circulating paper of denomination below $1. Prior to 1864, this was most often banknotes or SCRIP. Often refers to Federal notes of denomination between 3c and 50c issues between 1862-1876.
Fractional Currency - Paper money with a face value of less than one dollar. (ie. 25 cents-50 cents)
Fugio Cent - The first coin issued by authority of the United States, produced by contractors in 1787.
Fractional Currency Shields: The Fractional Currency shields consisted of a printed shield-shaped background (nearly always gray in color, but sometimes pink or green) on which were pasted by hand 39 different Specimen (printed on one side only) ...
Fractional Currency - Fractional Currency developed during the Civil War as an answer to the shortage of currency caused by public hoarding. Values ranged from 3 to 50 cents and were printed until 1876.
Fractional Currency - Paper money in denominations less than one dollar issues for regular circulation by the United States during and after the Civil War. Specific issues dates range from 1862 to 1875.
A fractional currency of the Faeroe Islands, the 100th part of a krona.
{1600-1610: Ultimately from Latin aureus a gold coin.}
[Sweden] ...
The fractional currency unit of Norway, Sweden and Denmark. Note that the Norwegian and Danish ore is spelled with a "crossed out O"; the Swedish ore is spelled with an umlaut (two dots) over the "O".
FR 1265 10 C Fractional Currency
FR 1230 5 Cent Fractional Currency
1935 P 50 cent Spanish Trail Commemorative ...
Numerous alternatives had been tried, including private tokens, encased postage, postal currency and fractional currency. All were unpopular. The most widespread and least liked was fractional currency.
The images on the Continental Currency coin are based on the designs found on Continental Congress fractional currency from the emission of February 17, 1776, which were designed by Benjamin Franklin.
But after the third issue of five-cent fractional currency was released to unfavorable public opinion, Pollock was finally convinced that the nation's best interests would be served by striking a new five-cent coin in nickel, ...
Among the most interesting of all United States notes are the inexpensive and generally ignored (I don't recall anyone making special mention of them in recent times) Civil War era five-cent fractional currency pieces bearing the portrait of "Clark.
In addition, fractional currency notes valued at ten cents or less were causing headaches. Congress wanted to drive them out of the economy, and a good way to do that was to produce a five-cent coin that would circulate as opposed to being hoarded.
The composition of the coin is standard for fractional currency of the time, .900 silver and .100 copper. The fasces was a symbol of Roman magistracy and eventually, imperialism.
Valentine assembled several notable collections, including a comprehensive collection of United States fractional currency, for which he published Fractional Currency of the United States in 1924.
One such collector's item in older money is called fractional currency. During and after the Civil War, the United States began to run short on change so started printing paper money worth less than a dollar.
Early on the coin was popular as a replacement for three-cent fractional currency notes -- small paper substitutes for coins that were needed because the public was hoarding precious metals during the Civil War.
The Treasury eventually settled on issuing fractional currency. These small denomination (1 to 50 cent) notes were never popular, as they were easy to lose and unwieldy in large amounts.
United States of America - Fractional Currency
Click here to see the Fractional banknotes for sale in our store
Second Issue ...
A series of patterns minted in the 1860s, designed to be redeemable for stamps and fractional notes and to relieve a shortage of small change. (2) The first issue of Fractional Currency from 1862-63, ...
normally used for a single coin flow lines Microscopic lines in the surface of a coin resulting from the outward flow of metal during striking fiat money Money that is not backed by specie and is legal tender by decree fractional currency ...
Small-size Bicentennial $2 notes
Small-size Federal Reserve Bank notes
Small-size Federal Reserve notes
Small-size national bank notes
Small-size silver certificates
U.S. Postage and Fractional Currency ...
had been largely made up by huge issues of cents, the introduction of the 2-cent piece in 1864 (to allow the Mint to coin twice the face value of the cent with the same effort), and the introduction of Postage Currency and Fractional Currency (paper ...
 See also: Fractional, Currency, Silver, Coin, Dollar
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