Discussion in 'US Coins Forum' started by JackieMagack, Jun 26, 2012.
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Also, some folks around here are experts on these tokens and could possibly give you a rarity rating on it.
They are a wonderful piece of history and certainly it is neat to find one. Especially if it is from your hometown.
I found this one searching through a hoard of cents. I was very happy, since I am from Detroit.
They even used postage stamps instead of coins during this time.
Some of those encased postage stamps go for big bucks.........
The reason was its natural to hoard PM in times of crisis, (look at the prices in the last few years), but once all of the silver and gold was hoarded, people started hoarding cents too. Remember that the small cent at this time was part nickel, so it wasn't just hoarding copper. It was in response to such hoarding that the US took the nickel out of the small cent, since they could see people used plain copper tokens for transactions, so the mint figured they might as well do the same and save some money.
So, in effect, this little civil war token forever changed the US cent.
Here are the new pictures i promised, if you can try to grade it for rarity that would be awesome, and i plan on selling it sometime, what do you think it may be worth?
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