George & Melvin Fuld. Quarterman Publications, Lawrence, MA, USA. 1975 HB (blue cloth with silver lettering on spine and front cover). 2nd edition. 697 pages. Illustrated in text with b&w photographs. Rarity ratings. The spine of the dj faded, and a few short tears and marks, but the contents clean and very good.
A work that has taken a tremendous amount of effort. For British readers store cards = 'tokens'.
The American Civil War was a great challenge to the Federal system of government. From a numismatic standpoint, the war between the States also placed great stress upon the circulating medium of exchange. Heavy inflation followed the outbreak of the war; metallic currency became widely hoarded. The Government suspended specie payments and coins vanished from circulation. Various stopgap measures such as postage stamps, private fractional currency and cardboard checks failed to meet the need for small change until a variety of metal tokens came on the scene. These became accepted and for three years, 1862-4, filled merchants' needs for one-cent coins and also served to advertise the merchants and their businesses.
Over 10,000 varieties of Civil War tokens are known. It is estimated that 25 million pieces were issued, the largest outpouring of emergency money in US history. An act of Congress in 1864 stopped their circulation when some
merchants refused to redeem them.
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