So-called dollars are a category of numismatic items that were produced primarily as souvenirs or commemoratives rather than legal tender. The term often refers to various pieces issued in the United States around the time of significant events or expositions. The 1860 one-dollar so-called dollar typically commemorates the 1860 presidential election or similar historical events and features unique designs that reflect the social or political climate of the era. These coins are sought after by collectors for their historical significance and artistic merit.