During the U.S. Civil War, economic conditions led to a shortage of gold and silver coins, which were hoarded for their bullion (rather than face) value. To combat currency speculation (and create a means of providing small change), the U.S. Treasury created Fractional Currency. Issued from 1862 to 1876 in denominations of 3¢, 5¢, 10¢, 15¢, 25¢, and 50¢, the notes were initially distributed as postal currency to be exchanged for postage stamps.
We have many other fractional currency notes than just those listed below. Please call for availability.
1862 5 Cents Fractional First Issue Postage Currency. FR# 1230