Civil War Tokens

Set Description
Civil War tokens are token coins that were privately minted and distributed in the United States between 1862 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.

By 1862, the second year of the Civil War, government-issued coinage began vanishing from circulation. American citizens hoarded all coins with gold and silver, and eventually began hoarding copper-nickel cents as well. This made it extremely difficult for businesses to conduct transactions. In response, many merchants turned to private minters to fill the void left by the hoarded coins.

The first of these privately minted tokens appeared in the autumn of 1862, by H. A. Ratterman, in Cincinnati, Ohio. 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.

Civil War tokens are divided into three types— patriotic tokens, store cards, and sutler tokens. All three types were utilized as currency, and are differentiated by their designs. The collectible value of the tokens is determined chiefly by their rarity.

Patriotic Civil War tokens typically displayed a patriotic slogan or image on one or both sides. Since the majority of these tokens were minted in Union states, the slogans and images were decidedly pro-Union. Some common examples of slogans found on patriotic tokens are "The Union Must and Shall Be Preserved," "Union For Ever," and "Old Glory". Some of the images found on patriotic tokens were the flag of the United States, a 19th-century cannon, and the USS Monitor.

Among the best-known varieties of patriotic tokens are the so-called "Dix tokens." They are named for John Adams Dix, who served as Secretary of the Treasury in 1861. In a letter from Dix to a revenue cutter captain, Lieutenant Caldwell, he orders Caldwell to relieve another cutter captain of his command for refusing an order to transfer from New Orleans to New York. The letter ends with the following sentence: "If any one attempts to haul down the American flag, shoot him on the spot." The quote found its way to a number of patriotic tokens, albeit with a slightly modified wording ("haul down" is usually replaced by "tear it down").

Civil War store cards differ from patriotic tokens in that one or both sides displays the name and/or location of a privately owned business. Businesses that could afford it had two custom dies made, with both advertising the business. Otherwise, only one side displayed the business's information, and the other side was a generic design, such as an Indian Head.

Sutler tokens are similar to store cards. Rather than listing the name of a private business, however, these tokens bore the name of a particular army unit (usually a regiment) and the name of the sutler who conducted transactions with the regiment. Of the three types of Civil War tokens, sutler tokens are by far the rarest.

Civil War tokens became illegal after the United States Congress passed a law on April 22, 1864 prohibiting the issue of any one or two-cent coins, tokens or devices for use as currency. On June 8, 1864 an additional law was passed that forbade all private coinage.

Set Goals
A small collection of civil war tokens, with a concentration on patriotic types.