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1862-1864 Civil War Token - 434-690


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434-690 - 1862-1864 Civil War Token
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1862-1864 Civil War Token

Civil War tokens are coins that were privately minted and distributed in the United States between 1862 and 1864. The wide spread use of the tokens was a result of the scarcity of government issued cents during the Civil War. By 1862, the second year of the Civil War, government-issued coinage began vanishing from circulation. American citizens hoarded all coins with gold and silver, and eventually began hoarding copper-nickel cents as well.

This made it extremely difficult for businesses to operate. In response, many merchants turned to private minters to fill the void left by the hoarded coins. On April 22, 1864, Congress enacted the Coinage Act of 1864. While the act is most remembered for the introduction of the phrase "In God We Trust" on the newly created two-cent piece, it also effectively ended the usage of Civil War tokens.

Since the majority of these tokens were minted in Union states, the slogans and images were decidedly pro-Union. Some common examples of slogans found on patriotic tokens are "The Union Must and Shall Be Preserved," "Union For Ever," and "Old Glory".

Date Issued: 1862-1864

Distributed by American Collectors Mint, LLC.


Other Coins & Collectibles    


Coin Glossary:

Die: An engraved piece of metal used to stamp a design on a coin.

Die crack: A small, raised imperfection on a coin resulting from a crack in the stamping die.

Early release: The Numismatic Guaranty Corporation (NGC) uses this designation for U.S. Bullion Coins during the first month of release from the U.S. Mint. To qualify for Early Release designation, NGC must receive the coins within 30 days of their release by the US Mint or properly documented as being received by an NGC approved entity within the same 30-day release period.

Encapsulated coin: A coin graded and authenticated by a professional coin service, then sealed in plastic.

Field: The typically flat area surrounding the relief and not used for legend or inscription.

Legal tender: Official money issued by the government.

Legend: The coin's primary lettering.

Lettered edge: An inscription added to the edge of a coin.

Luster: The quality of the surface brilliance on a Mint State or Uncirculated coin.

Mercury dime: Issued from 1916 to 1945, this U.S. dime featured a representation of Liberty in a winged hat that was commonly mistaken for the ancient god, Mercury.

Mint: A government controlled coin production facility.

Mint mark: A small letter stamped on a coin that indicates its mint origin, ex. "D" for Denver.

Mint Set: One coin from each of the available denominations in a particular year, produced by a single mint and made for circulation.

Mint State (Uncirculated): A regular production coin never used in trade and existing in its original condition.

Mintage: The number of coins produced.

NGC: Numismatic Guaranty Corporation.

Numismatics: The collection and study of monetary objects such as coins and paper bills.

Obverse: Heads, or a coin's front side.

Patina: Surface discoloration, typically green or brown, caused by oxidation over time.

PCGS: Professional Coin Grading Service.

Planchet: A blank metal piece used to produce a coin.

Proof: Expertly polished planchets and dies produce these coins which feature an extremely high quality strike, resulting in unmatched detail and brilliant surface finish.

Reeded edge: A coin edge finish featuring parallel vertical grooves all the way around.

Relief: The raised portion of a stamped design that sits above the coin's field.

Reverse: Tails, or coin's back side.

Rim: The raised ring around the perimeter of a coin designed to reduce wear on the relief.

Strike: The act of stamping a coin.

Truncation: The bottom edge of a portrait or bust.

Wheat penny: Lincoln cents issued from 1909 to 1958 bearing the wheat ear design on the reverse.




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