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United States Lowest Denomination
Ever Issued

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United States Treasury Note 3 Cents, 1863

united states treasury note 3 cents 1863 front
united states treasury note 3 cents 1863 back

Enlarge: Frontunited states treasury note 3 cents 1863 front
 & Backunited states treasury note 3 cents 1863 back

During the Civil War, silver and gold coins were in short supply. They were often hoarded by the public and thus removed from circulation. In order to facilitate commerce, the U.S. Government started printing small format notes, known as fractional currency, in denominations of 3, 5, 10, 25 and 50 cents from 1862 to 1875.

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