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<p>[QUOTE=&quot;CheetahCats, post: 911756, member: 23874&quot;]After the panic of 1837 and the subsequent 5 year depression thereafter, known as the Hard Times, Lewis Feuchtwanger issued tokens made of German Silver.&nbsp; It was during these times that much of the coinage in the U.S. was hoarded and disappeared from circulation. Feuchtwanger distributed these tokens out of his pharmacy in New York City, where they remained in circulation up to and during the Civil War.</p><p><br /></p><p>Decades before the use of nickel-alloy for circulation coinage in the United States, Feuechtwanger proposed his token&#039;s alloy to Congress as a lesser expensive metal for use in the minting of U.S. coppers. Congress turned down his proposal.&nbsp; German Silver is an alloy primarily made of copper, nickel, tin, and&nbsp; zinc.</p><p><br /></p><p>In addition to his one cent token, Feuchtwanger later also minted a 3-cent piece made of the same alloy.</p><p><br /></p><p>This particular specimen that I obtained today is NGC slabbed, AU Details. You will notice obverse flaws in the specimen, at the base of the eagle&#039;s neck, and at the top of the eagle&#039;s right wing.</p><p><br /></p><p>I obtained it today for a very pleasing, moderate price.</p><p><br /></p><p>Thoughts and input appreciated.</p><p><br /></p><p>Thanks, kindly</p><p><br /></p><p>- CheetahCats[/QUOTE]</p><p><br /></p>

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