Uncertainty during the Civil War led to widespread hoarding of coins, and it became impossible to make change. So, Congress authorized small-size paper currency notes in denominations of 3, 5, 10, 25 and 50 cents. These were released between 1862-1876. When Congress in 1875-76 authorized redemption of this fractional currency in silver coins, most of these notes were redeemed.

Sometimes called “shinplasters,” these notes continued to be issued until 1876! To differentiate them for postage stamps – which were also accepted as currency at that time – the Federal government issued them with more colorful printing on both the front and back of the notes.

This small note measures 3 3/4” x 2 1/8” with a portrait of Samuel Dexter, 3^rd Secretary of the Treasury. Green seal on front, green back. There are wrinkles, folds, and a least two pin holes. Worn condition. Fourth issue of this series.

This 50¢ fractional currency note is a precious souvenir of the Civil War era!  [jet] [ph:L]

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