Auction 50 Active (#3600440)

153 - LA670A-1do R7 NGC F12 The counterstamp is bold and even while the coin is FINE. J. B. SCHILLER counterstamped on obverse and X above Cent on the reverse of an 1860 Indian Cent. J. B. Schiller, New Orleans Louisiana. Issued as a ten-cent piece during the Union's Naval blockade of New Orleans before it fell on May 1, 1862 thus becoming the only known United States siege money. Schiller, who was a liquor importer and coffee house proprietor, also issued scrip notes dated April 3, 1862 in twenty-five and fifty cent denominations and it is probable this token was issued at the same time. Rare single variety state, we sold a Raw VF stamp on an AG coin that brought $1,800 in our December 2019 sale. (3000-4000)