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 Brasher Doubloon has been called "the single most important coin in American
numismatics." Struck in 1787 by George Washington's neighbor
Ephraim Brasher, it's believed to be the first gold coin made in the United States. Seven of Brasher's 1787 doubloons are in existence, each with the initials EB stamped on an eagle; the one that gets title-case capitalization is the only one where the intitials are
stamped on the eagle's breast instead of its wing
[hi-res pics: front, back]. In January 2005, it was
sold at auction for $2.9 million. It's now
on a tour of the United States (and insured for $6 million). In Raymond Chandler's 1942 novel
The High Window and the 1947 film adaptation
The Brasher Doubloon, Philip Marlowe investigates the theft of the doubloon.
posted by goatdog
on Nov 12, 2005 -
9 comments