Discussion in 'Coin Chat' started by Randy Abercrombie, Dec 3, 2020.
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In the UK merchant tokens were very common from the late 1700s to early 1800s as well. Merchant tokens tend to show up whenever the convertibility of paper money is suspended (Napoleonic Wars in the UK, Civil War in the US) as that drives minor silver money out of circulation. Or in remote places like pre-Dominion Canada where it took a long time for adequate silver money to diffuse into the economy.
I am quite familiar with Civil War tokens and own a collection of them myself. These were all from the period just prior to the Civil War. The bulk of them were dated in the 1850's.
I will quote you. Tokens during the "hard times" kept commerce moving, they were usually given to the good patrons of a business, then traded for like tokens based on need.
They were more than beneficial to our society.
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