Accurate Description of Item
One John Stanton 7th. Ind. Regiment 25 cents Token
Appraiser Remarks
When coins were withdrawn from circulation in the northern states during the Civil War, opportunists began minting private pennies that became de facto legal tender throughout the Union. The coinage of a few cents may seem like small change, but in 1863 alone, almost 9,000 different token designs, depicting everything from patriotic flags to beer barrels, were struck. Some so closely resembled real cents that the government banned private mints in 1864.
John Stanton was just one minter of such tokens , used by 440 merchants in 12 states, their tokens circulated widely. Stanton made up to 30 different dies of just one type of token, which means tokens like these really require the services of a specialist coin dealer to physically examine it. Genuine examples in good condition can sell for over $500.00
John Stanton was just one minter of such tokens , used by 440 merchants in 12 states, their tokens circulated widely. Stanton made up to 30 different dies of just one type of token, which means tokens like these really require the services of a specialist coin dealer to physically examine it. Genuine examples in good condition can sell for over $500.00
Estimated Value
$300.00- $500.00
Re: John Stanton
One John Stanton 7th. Ind. Regiment 25 cents Token
When coins were withdrawn from circulation in the northern states during the Civil War, opportunists began minting private pennies that became de facto legal tender throughout the Union. The coinage of a few cents may seem like small change, but in 1863 alone, almost 9,000 different token designs, depicting everything from patriotic flags to beer barrels, were struck. Some so closely resembled real cents that the government banned private mints in 1864.
John Stanton was just one minter of such tokens , used by 440 merchants in 12 states, their tokens circulated widely. Stanton made up to 30 different dies of just one type of token, which means tokens like these really require the services of a specialist coin dealer to physically examine it. Genuine examples in good condition can sell for over $500.00