This is HT#63 hard times token which I would grade VF+ condition and has a value around $30 imo. Per Rulau and Wikipedia...
Mint Drop Token 1837 - "Bentonian Currency" was hard money as opposed to paper. The crash of 1837 and the Hard Times which followed were by no means solely due as the Wing leaders would have it believed--to the overthrow of their policy and the "mint drops" or hard money of Jackson and Van Buren: they were only the culmination of evils which had long been threatening disaster
The Locofocos were a radical faction of the Democratic Party that existed from 1835 until the mid-1840s. The faction was originally named the Equal Rights Party, and was created in New York City as a protest against that city's regular Democratic organization ("Tammany Hall"). It contained a mixture of anti-Tammany Democrats and labor union veterans of the Working Men's Party. They were vigorous advocates of laissez-faire and opponents of monopoly. Their leading intellectual was libertarian editorial writer William Leggett.
The term "Locofoco" derives from "locofoco, a kind of friction match," the name of which match itself probably derives from "locomotive + Italian fuoco, foco fire, from Latin focus hearth."[1] It originated when a group of New York Jacksonians used such matches to light candles to continue a political meeting after Tammany men tried to break up the meeting by turning off the gaslights.[2]
Edited by cointagous
08/30/2012 12:01 am