USA, Civil War patriotic token, 1863


USA, Civil War token, 1863, Obverse: LIBERTY 1863, Reverse: UNION, copper, 18mm, dies 236/426, XF

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To keep local economies going merchants manufactured millions of 1 cent size tokens in thousands of varieties. They were made illegal about a year after they began to be made.

A token is used like a coin but is not a coin. Rather, it stands for a coin without the value of the coin. Maybe its copper, but says its value is the same as a silver coin. Usually tokens were made privately, but sometimes governments got involved.