2393

1861 Anti-Rebellion Millions for Government Token

Currency:CAD Category:Coins & Paper Money Start Price:40.00 CAD Estimated At:80.00 - 100.00 CAD
1861 Anti-Rebellion Millions for Government Token
SOLD
60.00CAD+ buyer's premium (12.00)
This item SOLD at 2024 Apr 30 @ 20:19UTC-4 : AST/EDT

Buyer’s Premiums will be added on all items as per the Terms & Conditions of the sale. Invoices will be emailed out after all sessions of the Toronto Coin Expo Spring Sale have concluded.

Faced with the problem of financing a major war, President Abraham Lincoln found innovative solutions to finance the civil war. On July 17, 1861, Congress enabled the Treasury to borrow as much as $250 million for the war effort by issuing bonds and notes. We assume this token was as a anti-rebellion piece.