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<p>[QUOTE=&quot;johnmilton, post: 7972393, member: 101855&quot;]What’s the catch? It’s a political token, not a coin, from the 1860 presidential campaign.</p><p><br /></p><p>[ATTACH=full]1382999[/ATTACH]</p><p><br /></p><p><i>The reported mintage for this Stephen Douglas political token in white metal was reported to be 250.</i></p><p><i><br /></i></p><p><i>[ATTACH=full]1383003[/ATTACH] </i></p><p><i><br /></i></p><p><i>The mintage in copper was 72.</i></p><p><i><br /></i></p><p>Interest in coin collecting exploded in the U.S. after the large cent was discontinued in 1857. That interest expanded to tokens and medals as well as coins. A rare medal was as popular, and just as valuable, as a rare coin in those days.</p><p><br /></p><p>George Lovett was a member of a family of die makers who have a huge following today. He was born in 1824, and after learning the die making trade from his father, Robert, he started a die making career that lasted for more than 50 years. He was the most prolific die maker in the Lovett family.</p><p><br /></p><p>In 1860, he made a pair of dies for Democratic presidential candidate, Stephen Douglas. The obverse featured a portrait of Douglas with his name surrounding it. The reverse featured the slogan, “Intervention is disunion, 1860,&quot; surrounding the letters, “M. Y. O. B.” I interpret this as a swipe at the abolitionists in the North who were calling for an end to slavery. The initials stand for “Mind Your Own Business.”</p><p><br /></p><p>While slogans like this might seem odd for a northern city, like New York, it must be remembered that many New York City businessmen had made significant incomes from their dealings with southern slaveholders. When the Civil War started, that income dried up, and many business people were looking to resume that lucrative trade. Some New Yorkers even advocated that the city should secede from the Union and form its own state so that they could resume their southern trade.</p><p><br /></p><p>These were small tokens which were only 20 millimeters in diameter. They were probably intended as a novelty to hand out to voters. The highest mintage was 250 pieces in white metal.&nbsp; Other mintages were 20 in silver, 72 in brass and 72 in nickel. After these pieces were made, Lovett probably modified the dies to make the next variety.</p><p><br /></p><p>[ATTACH=full]1383004[/ATTACH]</p><p><br /></p><p><i>The reported mintage for this piece in silver was 24.</i></p><p><i><br /></i></p><p>A second variety of this design had a few additions. On the obverse, Lovett added the phrase “Little Giant” on either side of the Douglas portrait. “Little Giant” was Douglas’ political nickname. Although Douglas stood only 5 feet, 4 inches tall, his political stature was far greater than his height.</p><p><br /></p><p>On the reverse, Lovett added two small stars above and below “M. Y. O. B.” on either side of the previous larger star and one star on each side of the date, “1860.” This variety was probably made for collectors. The mintages were limited to 24 pieces in silver and 21 pieces in nickel.</p><p><br /></p><p>I purchased this silver piece because of the reported mintage. I paid $270, which didn’t seem like that much given given its excellent state of preservation and the reported mintage. I have not seen another one offered.[/QUOTE]</p><p><br /></p>

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