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3.6) 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.




Top Document: Paper Money Collecting FAQ
Previous Document: 3.5) I heard that some US notes are stamped HAWAII, why?
Next Document: 3.7) What is obsolete currency (broken banknotes, wildcat notes)?

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Send corrections/additions to the FAQ Maintainer:
Bruce Giese <giesewpm@tiac.net>

Last Update May 13 2007 @ 00:22 AM