Illinois. 45th Illinois Volunteer Infantry Regiment (Washburn Lead Mine Regiment). Undated (1861-1865) A.H. Davis. 10 Cents. Schenkman IL-45-10B (IL-J10B), W-IL-260-010b. Rarity-9. Brass. Plain Edge. MS-62 (PCGS).
22 mm. Soft steel overtones where the brass has been most handled, while brighter lustrous golden surfaces remain in more protected areas close to the rims. An exceptional example from this issuer and easily the best one listed in our online archives. The only nicer one we have seen is the Schenkman second edition plate piece for the 10-cent denomination. That token sold raw as an MS-63 in a Hayden sale in 2015, and realized $1,850. All are rare in any case. Three denominations are known, and all are R-8 or R-9, as here.
From the Bill Kelly Collection of Civil War Sutler Tokens. Earlier ex Q. David Bowers Reference Collection; our June 2020 Auction, lot 162.

Estimate: $1000