Civil War token
Overall: 3/4 in. ( 1.9 cm )
Token; metal; depiction of Lady Liberty's profile surounded by a circle of stars on obverse, and a ring of garland on reverse; obverse "1863" reverse "I. / O. U. / 1 / CENT"
During the Civil War, there were no metallic coins of any denomination in circulation. Tradesmen were thus forced to issue a medium that would save commerce. Many of these tokens depicted patriotic subjects. The irresponsible nature of these tokens forced Congress to pass an act in 1864, forbidding private individuals to issue any form of money.
Due to ongoing research, information about this object is subject to change.