USA countermarked quarter 1862

$45.00

USA, countermarked coin, 1862, Obverse: Seated Liberty quarter countermarked W. W. PADEN incuse on both sides, silver, quick web search turned up nothing, coin fair, countermark VF

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SKU: 2208135096 Categories: ,

Description

I didn’t find the particular person who countermarked this coin.

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.

The word “exonumia” is used to describe all kinds of things that are “like” coins but are not coins. I wrote a blog post on that subject. Basic categories: 1. used like a coin but not issued by a national government, 2. looks like a coin but not made for spending, 3. other things that we are interested in.