By Jack Stanley
This early issue was produced in the North (In NYC) during the civil war sometime between August 1862 through May of 1863. They were to use as money and designed to allow people to buy stamps as coinage was scarce at the time.
Fractional Currency notes were produced from August 21, 1862 through February 15, 1876. Lincoln’s Secretary of the Treasury, Salmon Chase proposed to authorize postage stamps of some type as a new currency. Congress and President Lincoln approved the Postage







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