The collectible value of the tokens is determined chiefly by their rarity. All three types were utilized as currency, and are differentiated by their designs. Civil War tokens are divided into three types-store cards, patriotic tokens, and sutler tokens. On Jan additional law was passed that forbade all private coinage. Civil War tokens became illegal after the United States Congress passed a law on Approhibiting the issue of any one or two-cent coins, tokens or devices for use as currency. The widespread use of the tokens was a result of the scarcity of government-issued cents during the Civil War. They were used mainly in the Northeast and Midwest. 1863 Patriotic Civil War Token CWT Liberty Head / Army & Navy 11/298a Civil War tokens are token coins that were privately minted and distributed in the United States between 18. Please sign in or create an account to manage your collection.Item: 165506844059 1863 Patriotic Civil War Token CWT French Liberty Head Army & Navy 11/298a. It is estimated that by 1864, there were 25,000,000 Civil War tokens (nearly all redeemable for one cent) in circulation, consisting of approximately 7,000–8,000 varieties The first of these privately minted tokens appeared in the autumn of 1862, by H. In response, many merchants turned to private minters to fill the void left by the hoarded coins. This made it extremely difficult for businesses to conduct transactions. American citizens hoarded all coins with gold and silver, and eventually began hoarding copper-nickel cents as well. By 1862, the second year of the Civil War, government-issued coinage began vanishing from circulation.
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