|View single post by Texas Defender|
|Posted: Thu Jun 9th, 2011 07:26 am||
In 1863, bar and restaurant owner Gustavus Lindenmueller had produced about a million copper tokens and began distributing them. They soon were being accepted as money, usually for one cent. One is pictured here:
1863 CWT Gustavus Lindenmueller Civil War Token Coin
The token gives the engraver's name as: "L. Roloff." (Louis Roloff).
They were widely used not only in Lindenmueller's establishment, but also for streetcar fares. As you stated above, a problem arose when the Third Avenue Railroad Co. of New York asked Lindenmueller to redeem the large number of tokens that they had. He refused. Nothing could be done about it.
So, in April of 1864, the US Government enacted a Coinage Act which created the two cent piece (Which was the first US coin to bear the motto: "In God We Trust."). It also changed the design of the one cent piece from the relatively thick and heavy copper- nickel coin to a thinner copper coin. This pretty much ended the use of the tokens.
In June of 1864, an act of Congress made private mintage and usage of coins a criminal offense. Now it was official that the tokens could no longer be used as money, but they soon became collectibles.
Today, as you mentioned, there is even a Civil War Token Society. Inside their interesting article is a picture of a ten cent note that was redeemable in Lindenmueller's restaurant, so he apparently had one.
Last edited on Fri Jun 10th, 2011 12:15 am by Texas Defender