5fish
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Due to a shortage of metal coins, President Lincoln signed into law a bill authorizing the use of postage stamps as money.... The link has photos of the currency...
www.frbsf.org
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During the Civil War, widespread hoarding of gold and silver coins and the need to divert metals created a desperate shortage of small change. Paper tickets and bills were frequently substituted, but the scarcity was so great that Congress authorized the issuance of postage stamps as a temporary “Fractional Currency.”
Here another look....
/United-States-Fractional-Currency-f5bd0ca964344de2a84cc002124bcaf7.jpg)
www.thesprucecrafts.com
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Fractional currency is United States paper money that has a face value of less than one dollar. Also known as "shinplasters" because of the small face value and they eventually became almost worthless in United States commerce by the late 1800s. Although these banknotes are highly unusual, they are also highly collectible even for the beginning banknote collector.
Civil War
Making it easier to understand economics, personal finance, and the Federal Reserve
www.frbsf.org
snip...
During the Civil War, widespread hoarding of gold and silver coins and the need to divert metals created a desperate shortage of small change. Paper tickets and bills were frequently substituted, but the scarcity was so great that Congress authorized the issuance of postage stamps as a temporary “Fractional Currency.”
Here another look....
The History and Value of Fractional Currency
Fractional currency is a unique issue of United States paper money that were printed during the Civil War. They are easy to collect because of modest values.
snip...
Fractional currency is United States paper money that has a face value of less than one dollar. Also known as "shinplasters" because of the small face value and they eventually became almost worthless in United States commerce by the late 1800s. Although these banknotes are highly unusual, they are also highly collectible even for the beginning banknote collector.