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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 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.
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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.
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 ...
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 ...
Before the American Civil War, the United States was known as the "United States' federal union", a union of states controlled by the federal government in Washington, D.C. [8] [9] This was opposite to the CSA's first government, a confederation of independent states, functioning similarly to the European Union.
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.