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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.
In 1925, a commemorative 50-cent coin was released that showed Robert E. Lee and Stonewall Jackson. Money raised from the sale of the coins was combined with money raised by the United Daughters of the Confederacy and the Stone Mountain Confederate Memorial Association in order to fund the carving of a Confederate monument at Stone Mountain. [6]
The star coins were struck first, and then the star was removed from the dies. [31] On April 15, Nichols wrote to the new Mint Director, Frank E. Scobey, stating that his commission had put the coins on sale, with the gold selling for $3.50 with star and $3 without, and the silver for $1.50 with star and $1 without. Because there were so many ...
The nation's silver redundancy lasted until 1862, when the pinch of the Civil War caused coins to disappear from circulation. [3] Ultimately, the Act achieved what it set out to do and cured the nation's silver shortage. By reducing silver, small coinage reached a level where it could once again circulate in private transactions.
The Quarter-Dollar, Half-Dollar and Dollar coins were issued in the copper 91.67% nickel 8.33% composition for general circulation and the Government issued six-coin Proof Set. A special three-coin set of 40% silver coins were also issued by the U.S. Mint in both Uncirculated and Proof.
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 .
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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.
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