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Civil War tokens are token coins that were privately minted and distributed in the United States between 1861 and 1864. They were used mainly in the Northeast and Midwest . The widespread use of the tokens was a result of the scarcity of government-issued cents during the Civil War .
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 ...
The rest of the coin is filled with the name of the country. [30] Art historian Cornelius Vermeule deemed the two-cent piece "the most Gothic and the most expressive of the Civil War" of all American coins. [33] "The shield, arrows, and wreath of the obverse need only flanking cannon to be the consummate expression of Civil War heraldry."
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 tokens of this denomination exist. Three-cent bronze 3¢ 10.89 g 28.57 mm 95% Cu 5% Zn plain 1863 Ring nickel 5¢ plain 1884–1885 [5] [6] Gold ring half dollar 50¢ 1852 [7] Gold ring dollar $1 1849, 1852 [8] [9] Two dollar piece $2 unknown unknown unknown unknown never minted Proposed but not minted. [10] Some privately struck ...
The Civil War caused most American coins to vanish from circulation, with the gap filled by such means as merchant tokens, encased postage stamps, and United States fractional currency, issued in denomination as low as three cents.
The Confederate States dollar was first issued just before the outbreak of the American Civil War by the newly formed Confederacy.It was not backed by hard assets, but simply by a promise to pay the bearer after the war, on the prospect of Southern victory and independence.
With cents from the Philadelphia Mint selling at a premium, many private token issues were issued in 1863, and passed as cents in commerce. Mint officials took notice that the tokens, often made of bronze rather than the copper-nickel alloy then being used in the cent, were not hoarded and began to consider issuing bronze coins.