Civil War token
Overall: 3/4 in. ( 1.9 cm )
Token; metal; depiction of Benjamin Franklin's profile on obverse, ring of garland on reverse; obverse "BENJAMIN FRANKLIN" reverse "PENNY / SAVED / IS A / PENNY / EARNED"
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.
Presented by Oscar T. Barck. Jan. 15, 1924
Due to ongoing research, information about this object is subject to change.