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Unlike traditional copper cents, this token was produced in what was known as “German silver,” or argentan—a white metal alloy developed as a less expensive alternative to copper. The alloy, composed primarily of nickel, copper, zinc, tin, and trace metals, gave the pieces a lighter appearance and greater hardness. Feuchtwanger promoted this composition as durable and well suited for circulation, anticipating later federal interest in nickel-based coinage.
This example, certified NGC XF-45, displays even wear that reflects its use in commerce, with the major design elements remaining clear and legible. NGC has graded 10 examples at the XF-45 level, with 119 finer, placing this piece among a relatively limited group at this specific grade and underscoring its standing as a well-preserved survivor of an innovative private coinage.
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