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Hard-times Tokens
Hard-times tokens are American large or half cent-sized copper tokens, struck from about 1833 through 1843, serving as unofficial currency. These privately made pieces, comprising merchant, political and satirical pieces, were used during a time of political and financial crisis in the United States. Today, hard-times tokens are collectible and usually very affordable as coins or as political history. Background In 1832, President Andrew Jackson ran for re-election and called for the abolition of the Second Bank of the United States. While he won the election, he worked to weaken the bank before the charter expired in 1836. Without the Bank of the United States, state banks attempted to fill the paper money gap and issued a large number of bank notes, which fueled inflation. Hoping to halt the inflation and speculation in public lands, Jackson and his Treasury secretary, Levi Woodbury, issued the Specie Circular on July 11, 1836. The circular simply stated that as of August ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hard Times Token
Hard-times tokens are American large or half cent-sized copper tokens, struck from about 1833 through 1843, serving as unofficial currency. These privately made pieces, comprising merchant, political and satirical pieces, were used during a time of political and financial crisis in the United States. Today, hard-times tokens are collectible and usually very affordable as coins or as political history. Background In 1832, President Andrew Jackson ran for re-election and called for the abolition of the Second Bank of the United States. While he won the election, he worked to weaken the bank before the charter expired in 1836. Without the Bank of the United States, state banks attempted to fill the paper money gap and issued a large number of bank notes, which fueled inflation. Hoping to halt the inflation and speculation in public lands, Jackson and his Treasury secretary, Levi Woodbury, issued the Specie Circular on July 11, 1836. The circular simply stated that as of August ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Levi Woodbury
Levi Woodbury (December 22, 1789September 4, 1851) was an American attorney, jurist, and Democratic politician from New Hampshire. During a four-decade career in public office, Woodbury served as Associate Justice of the Supreme Court of the United States, a United States Senator, the ninth governor of New Hampshire, and cabinet member in the Andrew Jackson and Martin Van Buren administrations. He was promoted as a candidate for the Democratic nomination for President of the United States in 1848. Born in Francestown, New Hampshire, he established a legal practice in Francestown in 1812. After serving in the New Hampshire Senate, he was appointed to the New Hampshire Supreme Court in 1817. He served as Governor of New Hampshire from 1823 to 1824 and represented New Hampshire in the Senate from 1825 to 1831, becoming affiliated with the Democratic Party of Andrew Jackson. He served as the United States Secretary of the Navy under President Jackson and as the United States Secret ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Token Coins
In numismatics, token coins or trade tokens are coin-like objects used instead of coins. The field of token coins is part of exonumia and token coins are token money. Their denomination is shown or implied by size, color or shape. They are often made of cheaper metals like copper, pewter, aluminium, brass and tin, or non-metals like bakelite, leather and porcelain. A legal tender coin is issued by a governmental authority and is freely exchangeable for goods. A token coin is less useful and issued by a private entity. Trade or barter Coin-like objects from the Roman Empire called have been interpreted as an early form of token. Their functions are not documented, but they appear to have been brothel tokens or possibly gaming tokens. Medieval English monasteries issued tokens to pay for services from outsiders. These tokens circulated in nearby villages, where they were called "Abbot's money". Also, counters called jetons were used as small change without official blessing. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Historical Currencies Of The United States
History (derived ) is the systematic study and the documentation of the human activity. The time period of event before the invention of writing systems is considered prehistory. "History" is an umbrella term comprising past events as well as the memory, discovery, collection, organization, presentation, and interpretation of these events. Historians seek knowledge of the past using historical sources such as written documents, oral accounts, art and material artifacts, and ecological markers. History is not complete and still has debatable mysteries. History is also an academic discipline which uses narrative to describe, examine, question, and analyze past events, and investigate their patterns of cause and effect. Historians often debate which narrative best explains an event, as well as the significance of different causes and effects. Historians also debate the nature of history as an end in itself, as well as its usefulness to give perspective on the problems of the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coin World
''Coin World'' is an American numismatic magazine, with weekly and monthly issues. It is among the world’s most popular non-academic publications for coin collectors and is covering the entire numismatic field, including coins, paper money, medals and tokens. Founding and early history (1960-62) ''Coin World'' was founded as a weekly publication in 1960 by J. Oliver Amos, a seasoned publishing professional from the third generation of newspaper publishers. Amos took his experiences in producing ''The Sidney Daily News'' to the coin field, applying what he learned from printing ''Linn's Stamp News''. In 1960, the concept of a weekly coin publication was new. On the 25th anniversary of' ''Coin World'' in 1985, Amos related that he saw, "all the opportunities which could be developed from a weekly presentation – club meetings all over the country, personalities, and many other ideas that we had learned in publishing ''The Sidney Daily News'' as a community newspaper." With the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Civil War Token
Civil War tokens are token coins that were privately minted and distributed in the United States between 1861 and 1864. They were used mainly in the Northeast and Midwest. The widespread use of the tokens was a result of the scarcity of government-issued cents during the Civil War. Civil War tokens became illegal after the United States Congress passed a law on April 22, 1864, prohibiting the issue of any one or two-cent coins, tokens or devices for use as currency. On June 8, 1864, an additional law was passed that forbade all private coinage.Yeoman, R.S., ''A Guide Book of United States Coins'' (2004 edition), Whitman Publishing, 2003. Civil War tokens are divided into three types—store cards, patriotic tokens, and sutler tokens. All three types were utilized as currency, and are differentiated by their designs. The collectible value of the tokens is determined chiefly by their rarity. History By 1862, the second year of the Civil War, government-issued coinage began van ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exonumia
Exonumia are numismatic items (such as tokens, medals, or scrip) other than coins and paper money. This includes "Good For" tokens, badges, counterstamped coins, elongated coins, encased coins, souvenir medallions, tags, wooden nickels and other similar items. It is related to numismatics (concerned with coins which have been legal tender), and many coin collectors are also exonumists. Besides the above strict definition, others extend it to include non-coins which may or may not be legal tenders such as cheques, credit cards and similar paper. These can also be considered notaphily or scripophily. Etymology The noun ''exonumia'' is derived from two classical roots: ''exo'', meaning "out-of" in Greek, and ''nummus'', meaning "coin" in Latin (from Greek νοῦμμος – ''noummos'', "coin"); thus, "out ideof- he categoryoins". Usually, the term "exonumia" is applied to these objects in the United States, while the equivalent British term is paranumismatica. The words ''ex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panic Of 1837
The Panic of 1837 was a financial crisis in the United States that touched off a major depression, which lasted until the mid-1840s. Profits, prices, and wages went down, westward expansion was stalled, unemployment went up, and pessimism abounded. The panic had both domestic and foreign origins. Speculative lending practices in the West, a sharp decline in cotton prices, a collapsing land bubble, international specie flows, and restrictive lending policies in Britain were all factors. The lack of a central bank to regulate fiscal matters, which President Andrew Jackson had ensured by not extending the charter of the Second Bank of the United States, was also key. This ailing economy of early 1837 led investors to panic – a bank run ensued – giving the crisis its name. The run came to a head on May 10, 1837, when banks in New York City ran out of gold and silver. They suspended specie payments and would no longer redeem commercial paper in specie at full face value. A signi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Martin Van Buren
Martin Van Buren ( ; nl, Maarten van Buren; ; December 5, 1782 – July 24, 1862) was an American lawyer and statesman who served as the eighth president of the United States from 1837 to 1841. A primary founder of the Democratic Party (United States), Democratic Party, he served as New York (state), New York's Attorney General of New York, attorney general, U.S. Senator, U.S. senator, then briefly as the ninth governor of New York before joining Andrew Jackson's administration as the tenth United States secretary of state, minister to the United Kingdom, and ultimately the eighth vice president of the United States when 1832 Democratic National Convention, named Jackson's running mate for the 1832 United States presidential election, 1832 election. Van Buren won the presidency in 1836 United States presidential election, 1836, lost re-election in 1840, and failed to win the Democratic nomination in 1844. Later in his life, Van Buren emerged as an Politician, elder statesman ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bullion Coin
Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes from the Anglo-Norman term for a melting-house where metal was refined, and earlier from French , "boiling". Although precious metal bullion is no longer used to make coins for general circulation, it continues to be held as an investment with a reputation for stability in periods of economic uncertainty. To assess the purity of gold bullion, the centuries-old technique of fire assay is still employed, together with modern spectroscopic instrumentation, to accurately determine its quality. As investment The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold to be referred to as "bullion", which is treated as investment gold with regard to taxation, is 99.5% for gold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silver Coin
Silver coins are considered the oldest mass-produced form of coinage. Silver has been used as a coinage metal since the times of the Greeks; their silver drachmas were popular trade coins. The ancient Persians used silver coins between 612–330 BC. Before 1797, British pennies were made of silver. As with all collectible coins, many factors determine the value of a silver coin, such as its rarity, demand, condition and the number originally minted. Ancient silver coins coveted by collectors include the Denarius and Miliarense, while more recent collectible silver coins include the Morgan Dollar and the Spanish Milled Dollar. Other than collector's silver coins, silver bullion coins are popular among people who desire a "hedge" against currency inflation or store of value. Silver has an international currency symbol of XAG under ISO 4217. Origins and early development of silver coins The earliest coins in the world were minted in the kingdom of Lydia in Asia Minor around 600 B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Coin
A gold coin is a coin that is made mostly or entirely of gold. Most gold coins minted since 1800 are 90–92% gold (22karat), while most of today's gold bullion coins are pure gold, such as the Britannia, Canadian Maple Leaf, and American Buffalo. Alloyed gold coins, like the American Gold Eagle and South African Krugerrand, are typically 91.7% gold by weight, with the remainder being silver and copper. Traditionally (up to about the 1930s), gold coins have been circulation coins, including coin-like bracteates and dinars. In recent decades, however, gold coins are mainly produced as bullion coins for investors and as commemorative coins for collectors. While modern gold coins are still legal tender, they are not observed in everyday financial transactions, as the metal value normally exceeds the nominal value. For example, the American Gold Eagle has a denomination of 10 USD, but a metal value of more than $800 USD (being around a half an ounce). The gold reserves of centr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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