(1863) Silver Civil War Store Card F-630Q-1fo, City of New York I.O.U. NY

Coin Details

Description

City of New York I.O.U. of New York produced this token as a cent substitute during the wartime coin shortage. New York state generated the second-largest body of Civil War token issues, concentrated in New York City but extending to Albany, Troy, Buffalo, and smaller commercial centers. This piece is an overstrike struck over a host coin, an 1863 Indian Head cent. Traces of the original design may be visible beneath the new impressions. Token production was a specialized trade — die sinkers maintained catalogs of stock dies that merchants could pair with custom obverses. Federal coinage vanished from circulation after 1861 as citizens hoarded silver and copper for their metal value, leaving merchants to fill the void with tokens. Silver strikings are considerably scarcer than base metal versions, typically produced as presentation or collector pieces.

Rarity Notes

Silver strikings are considerably scarcer than base metal versions, typically produced in small quantities for collectors or as special presentation pieces. Overstrike varieties are generally scarcer than tokens struck on blank planchets, as they required sourcing and re-striking existing coins. With 11 cataloged varieties, City of New York I.O.U. was a notable token issuer.

Cross References

Fuld 630Q-1fo