(1863) Copper-Nickel Civil War Store Card F-225BO-5d, John Schroder & Co. MI

Coin Details

Description

Merchant token from John Schroder & Co. of Detroit, Michigan, cataloged as Fuld 225BO-5d. Detroit's growing industrial economy made it a significant source of Civil War tokens, with merchants across the city issuing pieces to maintain commerce. John Schroder & Co. issued 7 die varieties, more than most Civil War merchants. This copper-nickel striking (Fuld 225BO-5d) is somewhat scarce among the known varieties. The dies for merchant tokens were usually cut by professional engravers who could produce a complete set in a matter of days. Private tokens entered circulation after the suspension of specie payments in late 1861 drained small change from commerce. The copper-nickel composition gave these tokens the closest resemblance to federal coinage of any metal variant. Over 25 million Civil War tokens were produced before Congress ended private coinage in April 1864, making them the largest private coinage movement in American history.

Rarity Notes

Copper-nickel strikings are moderately scarce compared to pure copper or brass versions. With 7 cataloged varieties, John Schroder & Co. was a minor token issuer.

Cross References

Fuld 225BO-5d