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V21 2018 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 21, Number 43, October 28, 2018, Article 14

CIVIL WAR REDENOMINATED U.S. COINAGE

While compiling this week's NUMISMATIC NUGGETS I came across an interesting U.S. counterstamp. -Editor

1855 Half Cent Counterstamped "4 CTS"

1855 Half Cent Obverse Counterstamped CH 4CNTS 1855 Half Cent Reverse Counterstamped CH 4CNTS

1855 COPPER U.S. HALF CENT TOKENIZED TOKEN

I collected U.S. Merchent counterstamps for years, but didn't recall one being revalued for use as a token. This piece appears to have been stamped with a value of four cents (spelled "4 CTS"). What purpose might this have served? -Editor

To read the complete lot description, see:
1855 COPPER U.S. HALF CENT TOKENIZED TOKEN (https://www.invaluable.com/auction-lot/-1-c-B4849BA831)

I reached out to a couple fellow counterstamp collectors for more information. -Editor

Bob Merchant writes:

This is a well known countermark. It's still a maverick (unattributed) as far as I know. I have seen several of these over the years, always on Half Cents. They are a mystery, like so many other countermarked coins. "CTS" was a common abbreviation of "Cents" during the 19th century (seen in old newspapers). It could have been used as a trade token/check, or it could have been used for something else entirely.

Bill Groom writes:

Coincidentally, I just penned an article about counterstamps being used to "redenominate" coins; this, for future publication in the National Token Collector Association's Talkin' Tokens journal.

The gist of it is that the practice of elevating the denomination of circulating cents seems to have been an early Civil War era phenomenon, given the shortage of then circulating coins. A great many Civil War and sutler tokens, many being cent-sized, were assigned values exceeding one cent, too. Akin to tokens, these redenominated coins were, in effect, an I.O.U. The 1855 half cent, elevated to the value of of four cents, is a maverick, I believe.

The Schiller pieces, Indian cents dated 1860, redenominated to ten times their face value, are perhaps the best known examples from this class of counterstamps. Here are three other examples from my collection

redenominated U.S coins - Stein, Continental, cameron House
Redenominated U.S. Cents: H. Stein, Continental, Cameron House

If that scenario is true these are an important link in U.S. Civil War numismatic history. Had I been more aware of these at the time I would have sought them out for my Civil War numismatica collection. I believe I did own a Cameron House piece without fully realizing what I had. Thanks, everyone. Can any of our readers offer more examples or information? -Editor

Cameron House 5 1860 1c ob Cameron House 5 1860 1c rv

Bill adds:

Virtually all of the redenominated pieces I've seen have been dated during or near prior to the Civil War. Here's another CAMERON HOUSE piece; this one, dated 1860. Note that both the obverse and reverse are stamped with a 5. The reverse 5 was centered atop the ONE in ONE CENT.

It's been suggested by some that this hotel was located in La Crosse, Wisconsin, but that establishment wasn't built until 1879, when there was really no need to elevate the value of a cent to a nickel. Note that all of the CAMERON HOUSE pieces so far known exist on cents dated 1859 or 1860, the latest year. If my theory is correct, I've found a more likely candidate for this issue in Harrisburg, PA, and it was newly in business in 1859.

Fred Weinberg ad02



Wayne Homren, Editor

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