The rarity of civil war coins has made them one of the most coveted collector’s items in numismatic trade. You will have to take up a journey to the past to understand their historical value.
During the war, a severe currency shortage forced citizens to hoard pre-civil era coins. The precious gold and silver coins were the first to disappear overnight. The copper and nickel coins also started to vanish from the market due to war-time inflation. The confusion and misinformation among ordinary people also worked as an added fuel in this volatile situation. The hoarded coins never came back to the market, as many believe they were melted during the war for their metal content. Hence, any surviving coins now available in the market are a rarity, and those pieces fetch handsome prices as valuable artifacts among collectors and coin traders.
Civil War Token Currencies: The Action Recourse That Went South
When the legal currencies vanished after 1861, the shortage of coins forced traders to mint their token currencies to keep commerce going. Confederates in the south also started minting their coins to proclaim their status as a sovereign state. When the war was finally over, all those token coins were disbanded and liquidated. The rare token coins now available also fetch a high price among the coin connoisseurs.
Available High-Value Coins From the Civil War Era
Among the available coins of that era, 1857 gold dollar can easily fetch hundreds of dollars from the coin collector’s market. The low-tender copper-nickel Indian Head pennies of the same era now fetch a high resale price. 1861 confederate seated liberty half-dollar can also get a couple of thousand dollars in their resale auction.
If you are passionate about American history, you can include any of these civil war coins in your collection. At Legacy Coins, we will help you to find the authentic pieces that will increase your collection’s worth manifolds.