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Civil War ARMY & NAVY Patriotic / ‘HARD-TIME’ TOKEN

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Civil War ARMY & NAVY Patriotic / ‘HARD-TIME’  TOKEN (Image1)
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Your Price: $ 35.00
Item Number: 5477
 

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These little penny sized coins were struck in the early years of the American Civil War to fill a commercial need when people began hording hard currency. By July of 1862 even the lowly copper cent had all but disappeared from public circulation. Though the U. S. Mint began issuing substitute paper money in the usual coinage denominations and folks began using postage stamps to augment that effort, commercial needs demanded something more familiar and more durable. The private minting of what collectors refer to as HARD-TIME TOKENS began to appear in the fall of 1862. These private issue coins fell in two categories, the patriotic token which did not carry the name of a specific redeemer and the so called store-card type which carried the name of a specific merchant. The little private issue ‘penny’ filled the commercial need and soon enjoyed general acceptance as a means of exchange usually allotted the value of one cent. The little copper cent was minted in several variations and designs (usually patriotic) and were almost immediately a collectable accounting for some limited availability of nice condition examples still available on today’s collectors market. Not a common find outside of collector circles though, as the short lived Civil War token was outlawed by act of Congress in 1864 when the issuance of currency in any form by private individuals was forbidden. We have acquired a small collection of these little relics and are offering them individually in our online shop for the collector who would enjoy a nice original example to go in a Civil War grouping or coin collection. The patriotic example offered here remains in pleasing, uncirculated condition with a natural age patina. (Will make a neat original Civil War vintage gift without spending lots of money.)You may view all of these that are currently on our site by entering patriotic token in our search feature. Thanks for visiting Gunsight Antiques !



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Standish, ME 04084
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Updated: Saturday, December 15 2018
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