Beautiful engravings on those items to be sure. As for the reason for use of fractional currency, here's a link to explain it:
http://en.wikipedia.org/wiki/Fractional_currencyI have no detail as to values, as they are not stamp catalog listed. That may be a subject better left to the Coin Collecting Forum more than this one for Stamps.
Also, given that these are from the US Civil War-era, the condition looks almost too good making me wonder if they are authentic. Specialists in that subject would have to guide you more than I can, though.