Civil War token
Overall: 3/4 in. ( 1.9 cm )
Copper token; obverse "I.J. KNAPP / No 8 / LIBERTY ST / UTICA / N Y / WINES / & LIQOURS" reverse "I-O-U / PURE / 1 / COPPER / 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.
Gift of Mrs. Gordon Whitman
Due to ongoing research, information about this object is subject to change.