Fractional currency

Fractional currency refers to paper money issued in smaller denominations, typically during times of financial crisis or when coins are in short supply. This currency allows for easier transactions for lower-value purchases, as coins can be cumbersome. In the United States, fractional currency was introduced during and after the Civil War to supplement the limited coinage available. It often features unique designs and denominations, helping stabilize the economy by providing more accessible means of exchange. While fractional currency is no longer commonly used, it remains of interest to collectors and historians.