(sold for $53.0)

1863, United States, New York. Edward Schulze's Restaurant Token. NGC MS-63!

Mint year: 1863 References: F-6305O-2B. Mint Place: New York City Denomination: Civil War Merchant Token - Edward Schulze's Restaurant Condition: Certified and graded by NGC as MS-63 (seven others in this grade, only 3 higher!) Material: Copper

Obverse: A stag`s head right, date (1863) in left field. Legend: 26 & 28 EXCHANGE PLACE / G.Gl. N.Y. Reverse: Inscription ("24 WILLIAM STREET *"). Legend: EDWd. SCHULZE`S * RESTAURANT. *

Civil War tokens are token coins that were privately minted and distributed in the United States between 1862 and 1864. They were used mainly in the Northeast and Midwest. The widespread use of the tokens was a result of the scarcity of government-issued cents during the Civil War. Civil War tokens became illegal after the United States Congress passed a law on April 22, 1864 prohibiting the issue of any one or two-cent coins, tokens or devices for use as currency. On June 8, 1864 an additional law was passed that forbade all private coinage.

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