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While the Coinage Act made Civil War tokens impractical, the issue of their legality was decided on June 8, 1864, when Congress enacted 18 U.S.C. § 486, which made the minting and usage of non-government issued coins punishable by a fine of up to $2,000, (~$31,717 in 2023) a prison term of up to five years, or both.
United States Mint engraver George T. Morgan made sketches of a possible design for a $100 coin in 1876, should the half union ever be a success. When the mint concluded that the half union (a gold coin weighing about 2.7 troy ounces or 83.6 grams) was infeasible, the idea of a union coin was discarded and forgotten.
Old coins are going for big bucks on eBay, and we found a few that you might just have lying around.
These coins are known as originals, and the location of all four of the coins is known today. As the result of an 1879 article about the Confederate cent printed in a New York City newspaper, Benjamin F. Taylor, M.D. (Chief Coiner, New Orleans Mint, CSA) contacted coin dealer Ebenezer Mason. Taylor informed Mason of the existence of the ...
Until 1857, the cent coin was a large copper piece, containing about its face value in metal. These coins were unpopular, and in 1857, after receiving congressional approval, the Mint began issuing the Flying Eagle cent, of the diameter of the later Lincoln cent, but somewhat thicker and made of copper-nickel alloy.
On History Channel's hit show "Pawn Stars," a man came in to sell a 1907 Saint-Gaudens double eagle $20 gold coin. The coins are extremely rare, and some of them have sold for more than $1 million ...
By spring of 1863, the greenback declined further, to 152 against 100 dollars in gold. However, after the Union victory at Gettysburg, the greenback recovered to 131 dollars to 100 in gold. In 1864, it declined again, as Grant was making little progress against Lee, who held strong in Richmond throughout most of the war.
In 1864, Congress began the process of restoring coins to circulation by abolishing the three-cent note and authorizing bronze cents and two-cent pieces, with low intrinsic values, to be struck. [4] These new coins initially proved popular, though the two-cent piece soon faded from circulation.
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