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The Civil War Token Journal PDF

2005·8.4 MB·English
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CiviIWar Token Journal Do What You Collect? Oursales cover allphases ofExonumia, Civil War, Trade Tokens, GoodFor Mirrors, Encased, Counterstampedcoins, Transportation, Military, Brunswick Balke andother categories too numerous to list f\ We are also looking for consignments ofworthwhile material for our auctions. Our Mail BidAuctions andPrices Realizedarefree (you can't beat thatprice!). PAUL KOPPENHAVER L. CA P. O. Box 34056 Granada Hills, 91394 FAX 1-818-832-8068 1-818-832-8987 PNG-LM3 TAMS-LM46 ANA-LMS47 CWTS-LM57 CPNA-LM1 NATC4-CMI1 1 miiiiiiii iiiniii n CTTii i THE CIVILWAR TOKEN JOURNAL is produced bytheCivil WarToken Societytohelp stimulateand maintain interest in thefield ofCivil Wartoken collecting. It is strictlya non-profit organization. TheJournalis published quarterly: Spring, Summer, Fall and Winter Singlecopypriceis $2.50. Membership in CWTS is $10 peryear, payablein advanceand includes asubscriptionto TheJournal. CIVIL WAR TOKEN SOCIETY OFFICERS President Secretary VicePresident MarkGlazer DaleCade SteveTanenbaum PO Box81 26548MazurDr. PO Box297068 KtngswaySta. SilverSpring, MD20918 Rancho PalosVerdes, CA90275 Brooklyn. NY 11229-7068 (301) 593-9815 (310) 378-4182 (718) 339-6118 glazermt@aolcom Treasurer PastPresident Editor SusanTrask MichaelTramte Willard R. Mumford P.O Box959 1019AlpineDr. 1747 Long Green Dr. BlueJay, CA92317 Green Bay, Wl54311 Annapolis, MD21401 (909) 337-7470 (920) 465-0829 (410) 349-1458 susantrask@mindsprmgcom BOARD OF GOVERNORS Dave Bowers LarryDziubek Don Erlenkotter P.O. Box539 P.O Box235 10616 Ranch Rd. Wolfeboro Falls, NH 03896 Connoquenessing, PA 16027 CulverCity, CA90230-5457 [email protected] (724) 789-7372 (310) 815-1511 (2004-2005) (2005-2006) (2005-2006) SteveHayden MarkJervis Bill Nash P.O. Box571 1214 WillowBrookLn. 1160Via Ixtapa Mauldin, SC29662 Gillette,WY82718 Corona, CA92882 (864) 288-4375 (307) 686-1955 (919)279-1542 (2004-2005) (2004-2005) (2004-2005) Tom Reed DavidVogan 12348StateRte. 34 10012FarleyLn. Bryan, OH43506 Overland Park, KS66212 (800)472-8180 (913) 888-6924 (2005-2006) (2005-2006) OTHER CWTS OFFICERS PUBLICITY PUBLISHER AUCTION MANAGER RobertJ Dalessandro PaulA. Cunningham DavidVroom 14 KirbySt. BoxOne 21511 PepperberryTr. Ft. LeonardWood, MO65473 Tecumseh, Ml49286 Spring,TX 77388 (563) 329-2113 (517) 902-7072 281-288-3870 [email protected] LEGAL COUNSEL VERIFICATION LIBRARIAN David Gladfelter Dave Bowers Don Shawhan 228Winding Way P.O. Box539 3324 Waldo Blvd Moorestown, NJ 08057 Wolfeboro, NH 03896 Manitowoc, Wl54220 (856) 234-5593 (920)684-8423 COMPUTER LIASION BOOK DISTRIBUTER INTERNET COORDINATOR [ Ralph Langham Jud Petrie ErnieLatter PO Box8308 Box403 P.O Box26 New Fairfield, CT06812 Freeport, ME04032 Sanilac, Ml48469 (203) 746-5400 (207) 871-1527 (810) 622-9557 PUBLICATION DEADLINES ISSUES ADVERTISING & EDITORIALPUBLICATION DATE Spring No 1 December 10 March 1 SummerNo 2 March 10 June 1 Fail No. 3 June 10 September 1 WinterNo. 4 September 10 December 1 Copyright2005CivilWarToken Society Email Contacts President-Mike Tramte [email protected] Past President-Richard Watts [email protected] Cade 310-378-4182 Secretary-Dale Treasurer-Susan Trask [email protected] Mumford [email protected] Editor-Willard Board of Governors: Steve Hayden [email protected] Mark Glazer [email protected] Dave Bowers [email protected] Larry Dzuibek [email protected] Mark Jervis [email protected] David Vogan [email protected] John Evans [email protected] Tom Reed [email protected] Cunningham [email protected] Publisher-Paul Auction Manager-David Vroom [email protected] Internet Manager-Ernie Latter [email protected] [email protected] Legal Counsel-David Gladfelter Shawhan [email protected] Librarian-Don [email protected] Book Manager-Jud Petrie New Reprints Available The fifth and sixth journal reprints are now available to the membership. They cover the years 1987-1996 and include a 30 year index. These books are not only quite informative, but beautiful as well. Unfortunately due to higher printing costs and the massive size ofthese books we have had to restructure the prices. At CWTS the old rate of 2 volumes for S25, the would actually lose money. There- fore, when ordering reprints, any one volume will now be $20, and any others ordered at the same time will be at the rate of $15 each. This is still one of the best deals in numismatic literature available. Any one of these books would cost over $50 on the open market. As the cost of making these books available to the membership has seriously depleted our treasury, and our hopes to have a new edition of the Patriotic book printed in the near future, I urge you all to purchase these books. especially would recommend these to new members You will not I . CWTS only receive reprints of every journal, but you will be aiding the in bring- ing you new reference materials in the future. As always, please make your check payable to "CWTS", include your membership number, and mail to me: Jud Petrie POBox 403 Freeport, Maine 04032. 2 Spring 2005 Sterling A. Rachootin A short time ago attended a symposium at the Huntington Library I New just outside the City of Los Angeles entitled "Crossing Boundaries: Perspectives on Civil War Military and Cultural History . Leading histor- ians from many Universities were the guest speakers, and it was a real treat and a wonderful opportunity to be in their presence. During lunch break was seated with other Civil War enthusiasts I when the discussion focused on why each of us were attending this two- day affair. One person was a writer of historical books, another was a Civil War enactor, another was a past president of a Civil War Round Table group in the Los Angeles area, and when it was my turn to introduce myself, mentioned that was a collector of Civil War tokens, took photos I I of my tokens, put together slide shows, and wrote articles for our quarterly journal, etc. At this point the past president of the Civil War Round Table War Group mentioned she never heard of and knew nothing about Civil tokens, so proceeded to provide her with a background and introduction I to the field of tokens. She showed great interest, and then asked if I would be kind enough to be a speaker at a future meeting of her group. I agreed readily without thinking soon became very apprehensive about giving a slide show to I panorama these people as they are very knowledgeable about the entire How of this era of our history and didn't want to bore them for an hour. I must proceed? After thinking and rethinking an approach, I finally I decided to give them an historical, numismatic history of American coin- age with an emphasis on the Civil War and Civil War tokens in particular. One difficulty we Americans have growing up in the world's richest and makes mightiest country with its high standard of living, is that it it difficult for us to realize that in our beginnings we were a pool of struggling second class inhabitants living under the yoke of a ruling king out to exploit us at every turn and times have greatly changed. The American colonies suffered the effects of mercantilism. Eng- land made the colonies dependent on her. We could not coin our own money, we were not allowed to trade with other foreign countries, and we had to supply the mother country with raw materials and buy the finished products from her in turn. The colonies were forced to use strange money, such as wampum, hand forged nails, beaver pelts, tobacco, etc. Civil War Token Society 3 Slide 1 - hand forged nails & wampum Slide 2 - Colonial paper issues England permitted the colonies to mint paper money as other countries would not accept it. Hard currency, gold and silver, remained under the control of England, our exploiters. It was unlawful to mint coins in the colonies. 4 Spring 2005 Slide 3 -Pillar dollar The Spanish piece of eight became the standard coin of the col- onies and our silver dollar was based on it, both in purity and weight. Spanish coins were based on a system of eight, and often we had to cut the eight reales piece to make change hence four bits was 50 cents, and , two bits became our quarter dollar, etc. Slide 4 - Foreign coins, francs and thalers, etc. Foreign coins were eagerly accepted in trade in the colonies and were legal tender, especially New World gold and silver of Latin America. Civil War Token Society 5 Slide 5 - Broken bank note After the Revolutionary War was won, the individual states had the right to set up banks and issue their own paper currency. The United States had three types of currency circulating: (1) U.S. government issued copper, silver, and gold coins, (2) state bank issued paper currency, (3) and foreign silver and gold coins. It is estimated that there was only one minor U.S. silver coin circulating in the U.S. per person in the year 1830. Slide 6 - California gold coins, 25 cents, 50 sents, and $1.00 The California gold rush finally provided our government enough money in its treasury to demonitize foreign coins in our economy by the year 1857. 6 Spring 2005 Slide 7 - Flying eagle small cents replaced large cents in 1857. They had a short life span of two years being minted. Slide 8 - Hard Times tokens Issued 1832 to 1844 During this period a huge depression occurred and private tokens about the size of the large cents were created. Many were of a political nature and satirized Andrew Jackson and his fight with the federal banks. These were American precursors to the Civil War tokens which followed later in 1862. Slide 9 - English copper Conder tokens During the Napoleonic War, England suffered, since no coinage was produced at this time, and the Industrial Revolution was in full swing, so emergency tokens were produced from 1790 to 1812 to aid commerce. They were accepted by the populace. Civil War Token Society 7 Slide 10 - In 1811 and 1812 private English silver tokens appeared. At this point the Crown finally stepped in and outlawed the private minting of all tokens in England. The minting of coins was the domain of the Crown and all private minted tokens designed to replace or compete with official English coins were outlawed. Slide 11 - Cardboard chits were introduced to alleviate the coin shortage around 1862 in the North. After a year of fighting and no Union victory in sight, plus the fact that the Confederacy was winning most of the battles, fear and hysteria swept over the country. People began hoarding all forms of money, com- merce began to stagnate, and speculation in coins began in earnest. Mil- lions of dollars in silver coins were exported to Canada and Latin America, just when America was beginning to feel financially secure. 8 Spring 2005

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