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3.6) USA Paper Money: What is fractional currency?




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This article is from the Paper Money Collecting FAQ, by Bruce Giese giesewpm@tiac.net with numerous contributions by others.

3.6) USA Paper Money: What is fractional currency?

During and after the Civil War, the US began to run short on
change, so it printed paper money with denominations of less than
one dollar. These are generally smaller than other paper and are
more affordable than the larger notes of that era. Denominations
are 3, 5, 10, 15, 25, and 50 cents.

 

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previous page: 3.5) USA Paper Money: I heard that some US notes are stamped HAWAII, why?
  
page up: Paper Money Collecting FAQ
  
next page: 3.7) USA Paper Money: What is obsolete currency (broken banknotes, wildcat notes)?