United States of America
Civil War Time. Patriotic Token
1864 Bronze Token Medal 19mm (2.78 grams)
Obverse- Straights Elephantine Shoe Store 398 Broadway
Reverse- Redeemed at My Shoe Store 398 Broadway Albany New York
Item Pictured Is The One You Will Receive
Coin Historic Notes:
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.