Fifty-cent fractional currency (50 cents) depicting Francis E. Spinner. 1862.

Fifty-cent fractional currency depicting Francis E. Spinner. 1862.

Fifty-cent fractional currency (50 cents) depicting Francis E. Spinner. 1862.
By National Museum of American History – Scanned by Godot13, Public Domain, https://commons.wikimedia.org/w/index.php?curid=24919943
Fractional Currency was introduced by the United States Federal Government following the Civil War. These notes were in use between 21 August 1862 and 15 February 1876, and could be redeemed by the U.S. Postal Service for the face value in postage stamps. Fractional notes were issued in 3, 5, 10, 15, 25, and 50 cent denominations. Francis Spinner (depicted) was one of only four people to appear on United States currency during their lifetime. The note is hand-signed.