First issued in 1862 and produced until 1876, Fractional Currency is one of the least known of the United States currencies. Those first issues were called Postage Currency, a term which was eventually changed to Fractional Currency. Fractional Currency was produced in denominations from 3 cents to 50 cents. There are twenty-three distinct designs of Fractional Currency, all of which are highly sought after by collectors. Produced for only 14 years, they are relatively scarce, although moderately priced.