1863 US CIVIL WAR Store Card NY JEWISH Token Penny Coin BENJAMIN & HERRICK

  

[6860] United States of America. The North BENJAMIN & HERRICK'Store Card' Jewish Token 1863 Penny Token 19mm (2.93 grams) BENAMIN & HERRICK ALBANY, N. REDEEMED AT 427 BROADWAY 1863. Between 1861 and 1864 there were many types of privately minted tokens that were created to serve the purpose of a penny in day-to-day trades. Some bypassed coutnerfitting laws by writing NOT ONE CENT or omitted the value entirely like on this piece.

Very important and historicaly important object. Provided with certificate of authenticity. CERTIFIED AUTHENTIC by Sergey Nechayev, PhD - Numismatic Expert. Civil War tokens are token coins that were privately minted and distributed in the United States between 1861 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. 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. Civil War tokens are divided into three types-store cards, patriotic tokens, 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. The item "1863 US CIVIL WAR Store Card NY JEWISH Token Penny Coin BENJAMIN & HERRICK" is in sale since Tuesday, July 16, 2019. This item is in the category "Coins & Paper Money\Exonumia\Tokens\ Civil War". The seller is "victoram" and is located in Forest Hills, New York. This item can be shipped worldwide.