1863 civil war token ......

pinebarrens1

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I think that's the variety, all right.

Must be either an altered "NOT" or a filled-die error.

In fact, in this high-contrast enlargement, I can see what appears to be part of the "N" remaining.

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Your coin is a "Hard Times Token" They were predominate during the 1840's and the word "Not" was referring to the slogan "Millions for defense Not one cent for tribute". The US was paying off the Barbary Pirates to not raid US ships each year. The citizens made the slogan which became popular to help with US defense and not paying the pirates off.
Don.....
Source:http://en.allexperts.com/q/Coin-Collecting-2297/1863-cent-coin.htm
 

Although Don's right about "NOT ONE CENT" appearing on many Hard Times token reverses, this is an 1863 patriotic Civil War token. The motto "NOT ONE CENT" appeared on many of those as well.

Both the obverse and reverse dies of this token are illustrated in Patriotic Civil War Tokens by George & Melvin Fuld.

It's impossible to identify the exact die varieties from the photo, but the obverse is one of those cataloged between 195 and 198, and the reverse is one of those cataloged between 355 and 380. For example, here is a 197/380. Note the date 1863 beneath the shield.

Obv.jpgRev.jpg
 

i looked at it with a magnafing glass and do not see the 'not ' i just see a 'o' and the rim is diffrent on my coin .........
 

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As another 'onliner' stated (see source), these patriotic Civil War tokens were made privately, first to provide circulating coinage during the shortage of Federal issues, and second, to put forth a political message or view.

Hundreds of different dies were used, and hundreds of different pairings of those dies. Still others bear a commercial message from a merchant, and are known as Civil War Store Cards. Value depends upon condition, of course,
and what dies were used.

http://forum.zealot.com/t68779/
 

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