10/17/2023 0 Comments 1863 army navy civil war tokenSince most Patriotic tokens were minted in Union states, these tokens reflect pro-Union patriotic logos, sayings, and symbols. Patriotic Tokens-Their namesake reveals the theme of these tokens.This new one-cent piece's composition was very similar to the tokens and thus, appeasing the public. Although the striking of "In God We Trust" is what the Coinage Act of 1864 is mainly known for, this act also deceased the usage of Civil War Tokens and allowed the production of a new one-cent piece. On April 22, 1864, the US Congress passed the Coinage Act of 1864. From 1862-1864, over 25,000,000 Civil War Tokens were produced and at least 8,000 varieties are currently known. These businesses decided to take matters into their own hands and turned to private mints. This devastated local businesses, who were struggling to conduct transactions with little to no income. Americans were hoarding any coinage they could get their hands on, particularly coins containing gold/silver, and copper-nickel coins. Entering the second year of the Civil War, US currency was rapidly vanishing.
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