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Five-Cent U.S. Fractional currency, dated 1862

$40.00

Product Description

This is another unique piece being offered, it is a 5-Cent United States Fractional Currency (also known as postage currency). Each of these notes featured pictures of a five or ten cent stamp.

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 these little notes were only redeemable in stamps, due to the coin shortage caused by the war, it wasn’t until 1875 that Congress finally allowed them to be redeemed in coins. This 5¢ fractional currency note of 1862 is a rare survivor of the Civil War era. In my book “The Civil War Soldier – His Personal Items”, I go into more detail on this subject.

As seen in the pictures, this little note is well worn, but most of the details and date can be made out. Possibly carried in a soldier’s pocket throughout the war. It would make a nice addition to a soldier’s personal effects. (FREE SHIPPING)

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1001195
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