Indiana. 7th Indiana Regiment. Undated (1861-1865) Uncertain Sutler (probably H.F. Smith). 25 Cents. Schenkman IN-7-25B (IN-C25B), W-IN-140-025b. Rarity-7. Brass. Plain Edge. MS-63 (NGC).
22 mm. Deep golden olive with gentle pastel mottling visible under close examination. Lustrous and sharp with a couple of scattered minor spots and faint hairlines. Heavy die lines through the fields speak to a likely urgency in the production of tokens like this, likely being ordered from few makers in quantities that are not at all reflected by the few that have survived. This is easily the finest of the four examples in our archives and it has been off the market since 2015. Though not known to Schenkman, H.F. Smith was the name of a sutler serving the 7th Indiana. He is listed as such in a newspaper notice in the Washington D.C. Evening Star, of July 13, 1863.
From the Bill Kelly Collection of Civil War Sutler Tokens. Earlier from our Americana Sale of February 2015, lot 286.

Estimate: $900