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Fractional currency information


Fifty-cent fractional currency depicting Francis E. Spinner, with autograph signature
Fifty-cent fractional currency depicting Francis E. Spinner, with autograph signature.

Fractional currency, also referred to as shinplasters, was introduced by the United States federal government following the outbreak of the Civil War. These low-denomination banknotes of the United States dollar were in use between 21 August 1862 and 15 February 1876, and issued in denominations of 3, 5, 10, 15, 25, and 50 cents across five issuing periods.[1][2][3] The complete type set below is part of the National Numismatic Collection, housed at the National Museum of American History, part of the Smithsonian Institution.[nb 1]

  1. ^ Cite error: The named reference Friedberg174 was invoked but never defined (see the help page).
  2. ^ Cuhaj, p. 401.
  3. ^ Kravitz


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Fractional currency

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appeared on fractional currency, as did Francis Spinner and Spencer Clark who both approved the use of their own image on fractional currency. In 1873,...

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Obsolete denominations of United States currency

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internal government transactions. The United States also issued fractional currency for a brief time in the 1860s and 1870s, in several denominations...

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system where commercial banks create the new money as debt Fractional-reserve banking Hard currency Inflation hedge Modern monetary theory Money creation Money...

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List of circulating currencies

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for commemorative purposes, are considered "circulating currencies". This includes fractional units that have no physical form but are recognized by the...

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Greatest American Currency Notes" compiled by Bowers and Sundman (2006). Stanton also appears on the fourth issue of Fractional currency, in the amount of...

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Banknotes of the Ukrainian hryvnia

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Money order

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countries United States postal notes – a payment system developed out of fractional currency "Post Office Money Order: A. Scott of Bootle to Peter Hodgson Esq...

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does. Each currency typically has a main currency unit (the dollar, for example, or the euro) and a fractional unit, often defined as 1⁄100 of the main...

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been given for another $50 million in small denominations, known as fractional currency or "shin plasters." The issuance of greenbacks caused inflation during...

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