Illinois. 45th Illinois Volunteer Infantry Regiment (Washburn Lead Mine Regiment). Undated (1861-1865) A.H. Davis. 25 Cents. Schenkman IL-45-25B (IL-J25B), W-IL-260-025b. Rarity-8. Brass. Plain Edge. AU-55 (NGC).
26 mm. A remarkable second offering of this issuer. Though not as nice as the 10-cent in the previous lot, this is superior to the Schenkman second edition plate that seems to have mottled oxidation on both sides. This token has pleasing olive surfaces with nice, glossy texture and no serious marks. No nicer examples of this denomination appear in our online archives, or those of Steve Hayden and Heritage, the latter having no examples at all.
From the Bill Kelly Collection of Civil War Sutler Tokens. Earlier from our Americana Sale of February 2015, lot 269.

Estimate: $500