1863, 10 cent Fractional Currency, fourth issue. Notes were issued by the U.S. Federal Government during & after U.S. Civil War due to the hoarding and shortage of coins in gold, silver and copper. Notes were issued August 21, 1862 through February 15, 1876 and were redeemable by the U.S. Postal Office at face value in postage stamps. Congress and President Lincoln approved the Postage Currency Act on July 17, 1862, which authorized an issue of 5, 10, 25, and 50 cent notes.
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