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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 .
The Confederate dollar, often called a "Greyback", was first issued into circulation in April 1861, when the Confederacy was only two months old, and on the eve of the outbreak of the Civil War. At first, Confederate currency was accepted throughout the South as a medium of exchange with high purchasing power.
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 ...
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The greenback's low point came in July that year, with 258 greenbacks equal to 100 gold. When the war ended in April 1865 the greenback made another recovery to 150. [11] The recovery began when Congress limited the total issue of greenback dollars to $450 million. The greenbacks rose in value until December 1878, when they became on par with gold.
Confederate gold refers to hidden caches of gold lost after the American Civil War.Millions of dollars worth of gold was lost or unaccounted for after the war, and its possible location has been a source of speculation for many historians and treasure hunters.
Map of the Confederate States with names and borders of states A Confederate state was a U.S. state that declared secession and joined the Confederate States of America during the American Civil War. The Confederacy recognized them as constituent entities that shared their sovereignty with the Confederate government. Confederates were recognized as citizens of both the federal republic and of ...
The Civil War Battlefields Commemorative Coin Act of 1992 (Pub. L. 102–379) authorized the production of three coins, a clad half dollar, a silver dollar, and a gold half eagle, to commemorate the 100th anniversary of the beginning of the protection of Civil War battlefields.