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Description
The listing, 1863 Fractional Currency 5 Cents 2nd Issue has ended.
Five Cent, Second Issue, Fractional Currency Printed from 1863 to 1867
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Questions & Comments
WOW, great history!!!!! Uncertainty during the Civil War led to widespread hoarding of coins, and it became impossible to make change. So Congress authorized small-size (67 mm wide x 48 mm high) paper currency notes in denominations of 3, 5, 10, 25, and 50 cents - which were released between 1862-1876. Originally only redeemable in stamps, due to the coin shortage caused by the war, Congress in 1875-1876 finally allowed them to be redeemed in coins. This 5ยข fractional currency note of 1862-1869 is a precious souvenir of the Civil War era! Designs may vary.
Thanks for the comment. I'm slowly trying to collect a graded, complete set. I started off with a few ungraded notes before I got got obsessed with the money of that time in American history. I will auction off more as I upgrade. Thanks for the full history and thanks for checking out my auction.