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Civil War tokens

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Civil War tokens: Privately-issued emergency coin-like tokens, the approximate size of current U.S. cents, which circulated during the Civil War because of a scarcity of small change.

 


Civil War tokens
Private issue pieces usually made to the approximate size of the current U.S. cents which circulated during the Civil War; made because of a scarcity of small change.
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Civil War tokens: Mostly the size of contemporary Indian cents, Civil War tokens were produced during the war between the states, particularly in the year 1863, and exist to the extent of nearly 10,000 varieties.

Civil War Tokens
Patriotics, Obv Die 1-49
Patriotics, Obv Die 50-99
Patriotics, Obv Die 100-149
Patriotics, Obv Die 150-199
Patriotics, Obv Die 200-224
Patriotics, Obv Die 225-249
Patriotics, Obv Die 250-299
Store Cards, New York City ...

Civil War tokens are classified by collectors into two series, Patriotic Civil War Tokens and Civil War Store Cards. The "Patriotic" tokens are anonymous, struck from stock dies for general circulation.

Well, few Civil War tokens have a "face value." They were made to the standards of a regular U.S. cent and were used as cents (circulated like the coins) so most people figure "two out of three ain't bad" and leave it at that.

Hard Times and Civil War Tokens
An area of interest for many numismatist includes coins issued during times when coins were hoarded. Most collectors have Hard Times and Civil War tokens in their collections.

Sigel, a well-known issuer of Civil War tokens (most of which would win no design awards; most seemed to have been produced quickly, often naively, and fell short of the contemporary work of, say, William Bridgens), ...

As a longtime collector of Civil War tokens, I'd then never managed to find that elusive, flip-over error on a token; this, despite many years of searching.

Apparently, the Mint noticed the success of the privately issued Civil War tokens of One Cent size (on thinner, pure copper planchets) and realized that the public was now ready to accept what were essentially underweight coppers.

* Patriotic Civil War Tokens with slogans such as "Army & Navy," "Win the War" or "Live and Let Live"--and 1864 token is sellign for $88.00 on eBay.
* Southern Civil War tokens--one is selling on eBay for $484.
* Old rare bus and train tokens.

As an example, one of my biggest clients (who regularly purchases $25,000+ coins) has a secondary collection of Civil War tokens. He's never spent more than $500 on a token but has put together a really great and interesting set.

Fuld's rarity scale for Civil War tokens
Freeman, Michael J. The Bronze Coinage of Great Britain Barrie and Jenkins, 1985
SymbolNumber of Pieces
R20 ...

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The final curtain came down on private coinage with Congress' passage of the Act of June 8, 1864. Intended to stop the minting of Civil War tokens, this legislation prohibited the private manufacture of any coins designed to pass as money.

These "Civil War tokens" gained broad acceptance as a money substitute.

See also: Token, Coin, Reverse, Coinage, Revers

Numismatic CistophorusClad

 
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