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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 .
Designed by James B. Longacre, there were decreasing mintages each year, as other minor coins such as the nickel proved more popular. It was abolished by the Mint Act of 1873. The economic turmoil of the American Civil War caused government-issued coins, even the non-silver Indian Head cent, to vanish
The Shield nickel was the first United States five-cent piece to be made out of copper-nickel, the same alloy of which American nickels are struck today. Designed by James B. Longacre , the coin was issued from 1866 until 1883, when it was replaced by the Liberty Head nickel .
The most valuable blank coin listed on the U.S. Coins Guide site is a 90% silver dollar without a raised rim valued at $1,600 or more. The same type of silver dollar with a raised rim is valued at ...
Civil War tokens of this denomination exist. Three-cent bronze 3¢ 10.89 g 28.57 mm 95% Cu 5% Zn plain 1863 Ring nickel 5¢ plain 1884–1885 [5] [6] Gold ring half dollar 50¢ 1852 [7] Gold ring dollar $1 1849, 1852 [8] [9] Two dollar piece $2 unknown unknown unknown unknown never minted Proposed but not minted. [10] Some privately struck ...
Foreign coins, including the Spanish dollar, were also widely used [9] as legal tender, until 1857. With the enactment of the National Banking Act of 1863—during the American Civil War—and its later versions that taxed states' bonds and currency out of existence, the dollar became the sole currency of the United States and remains so today.
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.
The copper-nickel three-cent piece, often called a three-cent nickel piece or three-cent nickel, was designed by US Mint Chief Engraver James B. Longacre and struck by the United States Bureau of the Mint from 1865 to 1889. It was initially popular, but its place in commerce was supplanted by the five-cent piece, or nickel.
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