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Postal Currency
was introduced as an emergency measure during the
American Civil War
after people began hoarding gold, silver and copper coins, which disrupted everyday commerce. The
United States Post Office Department
was authorized to print paper money in small denominations, but the notes issued from August 21, 1862, through May 27, 1863, were officially only redeemable for
postage stamps
.
Notes:
United States Post Office Department
; scan:
Michael Holley
Archive
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