1 Dollar (Rutherford B. Hayes) , United States
Obverse
Reverse
Coin Details
Obverse
Portrait of Rutherford B. Hayes facing right
Latin
RUTHERFORD B. HAYES DE IN GOD WE TRUST 19th PRESIDENT 1877-1881
Reverse
Statue of Liberty with the denomination to the left
Latin
UNITED STATES OF AMERICA $1 DE
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1 Cent (Civil War Token - Army and Navy/Shall Be Preserved)
Obverse: By 1862, the second year of the Civil War, government-issued coinage began vanishing from circulation. American citizens hoarded all coins with gold and silver, and eventually began hoarding copper-nickel cents as well. This made it extremely difficult for businesses to conduct transactions. In response, many merchants turned to private minters to fill the void left by the hoarded coins. The first of these privately minted tokens appeared in the autumn of 1862, by H. A. Ratterman, in Cincinnati, Ohio. It is estimated that by 1864, there were 25,000,000 Civil War tokens (nearly all redeemable for one cent) in circulation, consisting of approximately 7,000–8,000 varieties, Reverse: THE FEDERAL UNION IT MUST AND SHALL BE PRESERVED *************