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The Money Trivia Quiz - Answer to Question 8

The correct answer is: a) 3 cents

During the Civil War period, people hoarded coins because of their intrinsic value. This created a drastic shortage of coins for circulation. To deal with this problem, the Bureau of Engraving and Printing produced "fractional currency" starting in 1862. The lowest denomination in this series was three cents. Fractional notes were discontinued in 1876.

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