During the US Civil War, metal monies were hoarded for their value, resulting in a shortage of available coins. The Union government issued
official "paper coins" that weren't backed by by gold or silver. This "faith paper" lost value quickly, and for a short while,
stamps were official currency. That didn't take, either, so enterprising individuals took it upon themselves to mint their own coinage. These are now known as
Civil War Tokens (CTWs), and were made and used between late 1862 and mid 1864. On April 22, 1864,
Congress set the weight of coins and
set punishment for counterfeiting coins of up to one thousand dollars and imprisonment up to five years.
Yet there are over ten thousand varieties of tokens, representing 22 states, 400 towns and about 1500 individual merchants.
Melvin and his son Dr. George Fuld wrote
key books in the CWT field, creating the
rarity scale and composition key used by most numismatists. Given sheer number of CWTs, starting a collection might be daunting. Enter
collector Ken Bauer, whose
method breaks down the vast world into
smaller collections, from
anvils to
watches and
so much
more.
posted by filthy light thief
on Dec 20, 2011 -
9 comments
The battle the US wants to provoke Make no mistake: this is not the "civil war" that Washington has been predicting will break out between Sunnis, Shias and Kurds. Rather, it is a war provoked by the US occupation authority and waged by its forces against the growing number of Shia who support Moqtada al-Sadr (by Naomi Klein in Baghdad).
posted by acrobat
on Apr 6, 2004 -
49 comments