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The widespread use of the tokens was a result of the scarcity of government-issued cents during the Civil War. Civil War tokens became illegal after the United States Congress passed a law on April 22, 1864, prohibiting the issue of any one or two-cent coins, tokens or devices for use as currency. On June 8, 1864, an additional law was passed ...
Civil War-era coins made big headlines over the summer when a Kentucky man unearthed hundreds of lost gold coins and became about $2 million richer because of it. His discovery, made in a ...
As the Civil War continued, the cost of the war loomed large. ... Act of March 23, 1863 $50,000,000 [n 2] 50¢, $1, $2, $5, ... A Guide Book of United States Coins.
The Great Kentucky Hoard is a hoard of more than 700 gold coins unearthed in an undisclosed part of Kentucky, United States, in the 2020s by a man on his own land. The finder of the hoard has remained anonymous. There were a total of more than 800 Civil War–era coins, of which over 700 were gold coins.
Before the Civil War, the United States used gold and silver coins as its official currency. Paper currency in the form of banknotes was issued by privately owned banks, the notes being redeemable for specie at the bank's office. Such notes had value only if the bank could be counted on to redeem them; if a bank failed, its notes became worthless.
A $50 banknote from North Carolina, printed in 1863 and in circulation until 1864. The Confederate State of North Carolina issued currency during the years 1861, 1862, 1863 and 1864. The most recent state currency issue prior to this were the Colonial American banknotes issued during the 18th century.
Two United States Civil War veterans, one from the Union camp and one from the Confederate camp, are featured on the obverse of the coin. E pluribus unum ("Out of Many, One"), the de facto United States national motto until 1956, is displayed prominently above the two war veterans, with the "E" serving as both the first letter of the motto and the middle letter of Liberty.
Three rare tokens issued as money during the English Civil War in Nottinghamshire have fetched nearly £10,000 at auction. The town of Newark on Trent was held by forces loyal to King Charles I ...