Fractional Currency

Definition of Fractional Currency as it relates to Collectibles, Stamps, Numismatic

Fractional Currency refers to paper money issued in the United States during the Civil War era, when coinage was scarce due to hoarding and melting. These notes, also known as shinplasters, were issued by the federal government and private banks in small denominations, typically less than one dollar, to facilitate everyday transactions. They are highly sought after by collectors due to their historical significance, rarity, and intricate designs, making them a valuable addition to any numismatic or philatelic collection. Fractional Currency represents an important chapter in the evolution of American currency and continues to captivate enthusiasts with its unique blend of history, art, and economics.

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