They where invented by John Gault of Boston in 1862. Due to the coinage shortage during the civil war, they had the added benefit of being able to have advertising on the back of the brass case. The one and only problem was there cost they were expensive. Couldn't compete with the Civil war tokens. Some where used as biz cards like the one you have during the 40's and 50's.
In recent times some modern ones used as adverts and cheap jewelry
In recent times some modern ones used as adverts and cheap jewelry






















