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<p>[QUOTE="chrisild, post: 2919014, member: 39"]Sometimes the term "token" has a meaning which is similar to, say, "bon pour" or "buono da" on some French and Italian coins: They were issued by a government authority, but not according to the monetary standards or conventions.</p><p><br /></p><p>While this will often have something to do with precious metal content, it was a little different here. A 3 gulden coin was 3s 5d, but (due to the value of the US dollar?) the rate was set to 3s 8d or something like that. After the <a href="https://en.wikipedia.org/wiki/Great_Recoinage_of_1816" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Great_Recoinage_of_1816" rel="nofollow">1816 Recoinage</a> following the Napoleonic Wars, adding the term "token" was no longer necessary. Nutshell mode, as I do not know much about the background myself. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 2919014, member: 39"]Sometimes the term "token" has a meaning which is similar to, say, "bon pour" or "buono da" on some French and Italian coins: They were issued by a government authority, but not according to the monetary standards or conventions. While this will often have something to do with precious metal content, it was a little different here. A 3 gulden coin was 3s 5d, but (due to the value of the US dollar?) the rate was set to 3s 8d or something like that. After the [url=https://en.wikipedia.org/wiki/Great_Recoinage_of_1816]1816 Recoinage[/url] following the Napoleonic Wars, adding the term "token" was no longer necessary. Nutshell mode, as I do not know much about the background myself. :) Christian[/QUOTE]
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