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<p>[QUOTE=&quot;Collect89, post: 792310, member: 15445&quot;]<b>long story short</b></p><p><br /></p><p><br /></p><p>&nbsp;</p><p>Hello Squaredealer,</p><p>&nbsp;</p><p>Tokens are issued privately and used in trade just like government money (except they are issued privately and not issued by a government).&nbsp; They may be redemable by the merchant for goods, services, gold, silver, or government money.&nbsp; It depends on the issue.</p><p>&nbsp;</p><p>Medals are not used in trade.&nbsp; Medals commemorate some event, person, or thing.</p><p>&nbsp;</p><p>Conder is the name of a guy that cataloged the merchant tokens which were issued in England back before 1800 (or there-abouts).&nbsp; They are called Conder tokens if they are 18th century tokens cataloged by Conder.&nbsp; Later tokens seem to be called merchant tokens.&nbsp; There are some great threads here describing Conder tokens and there are a couple resident experts here at CT.&nbsp; I suggest you search the word Conder &amp; have a good read.</p><p>&nbsp;</p><p>Very best regards,</p><p>collect89[/QUOTE]</p><p><br /></p>

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