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 Replies: 20 / Views: 3,043 |
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Valued Member
United States
123 Posts |
Hello Coinvirgin here  & i'm Assuming we are not talking about bus tokens, lol. So what are tokens? Purpose, origins, history etc...?  |
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Pillar of the Community
United States
7508 Posts |
Quote:
In the study of numismatics, token coins or trade tokens are coin-like objects used instead of coins. The field of tokens is part of exonumia and token coins are token money. ... In the case of "currency tokens" issued by a company but also recognized by the state there is a convergence between tokens and currency. Hope this was helpful |
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Pillar of the Community
United States
5964 Posts |
They're made by lots of different people, companies and countries for lots of different reasons. Here's one I think looks pretty neat.   |
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Pillar of the Community
United States
7508 Posts |
very cool CoinMaster,it's rather unique and yet meaningful  .Hope to see more examples by members. Edited by Chase007
02/21/2018 12:10 pm
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Bedrock of the Community
United States
10284 Posts |
From the Glossary tab on the left of this page. Third one down. Quote:
token
A substitute for a coin. These have been issued in the past and are still currently issued in huge quantities. Older ones generally were issued by stores and may not have been accepted at other establishments. The same is true today for most tokens, such as the gaming tokens issued by casinos, these being valid only at that particular establishment (or other casinos affiliated with the same owners).
Hows this for a twist to tweak a quote? Quote:
In the study of numismatics, token coins or trade tokens are coin-like objects used instead of coins. The field of tokens is part of exonumia and token coins are token money. ... In the case of "currency tokens" issued by a company but also recognized by the state there is a convergence Coinvirgins between tokens and currency.  |
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Pillar of the Community
United States
2023 Posts |
Wait -- does that Ford piece count as a token instead of a medal? It doesn't seem to fit the "coin-like objects used instead of coins" definition above. I'd think tokens of this type to include some language like "good for 5 cents in trade" for it to be used in lieu of coins.
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Pillar of the Community
United States
5964 Posts |
It's a token, not all tokens are used as money. Here's mint token, but not used for money.   Edited by CoinMasters
02/21/2018 12:32 pm
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Pillar of the Community
United States
4883 Posts |
Quote:
In the case of "currency tokens" issued by a company but also recognized by the state there is a convergence between tokens and currency. Or their general, widespread use in lieu of official issues at least not immediately suppressed by the government, such as was the case with 18th Century Provincial (Conder) tokens in the U.K. American state sales tax tokens are another category that fall into the gray area between tokens and currency. Colligo ergo sum
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Pillar of the Community
United States
2023 Posts |
This Quote:
It's a token, not all tokens are used as money. doesn't really jive with the definition from the Glossary: Quote:
A substitute for a coin. ... Older ones generally were issued by stores and may not have been accepted at other establishments... I would consider that mint insert more like a medal than a token. Most of the dictionary definition for token suggests that it represents or stands in for something (like money). |
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Valued Member
 United States
123 Posts |
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Moderator
 United States
187702 Posts |
Your post was moved to the appropriate forum for the proper attention.  |
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Bedrock of the Community
United States
10284 Posts |
I would say that in the strict sense, a token is a substitute for money that can be used for goods and services.
A medal is a numismatic or religious item that commemorates a specific person, place, event or thing and is not of any specific monetary value.
Either can be made of just about any material and can be in numerous shapes and sizes.
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Moderator
United States
187702 Posts |
A fair statement, TNG. |
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Bedrock of the Community
United States
10284 Posts |
To further complicate this ... Then there's the "so-called" stuff. A "So-called dollar" or "So-called half dollar" etc. probably could be considered a token while it is still redeemable but once it expires as many do have "Good until" like this 1959 Alaska on them that they are technically more of a medal.   But they would always be considered a "So-called dollar" or "So-called half dollar" etc. Some "So-called dollar" items are not actually that, as they may be of the similar size and sold as such but have no obvious monetary exchange value. This Lexington item is often described as a "So-called dollar" that it is accepted as such, but it is in my opinion a medal. If there was some accurate history about it, that it was at some time, redeemable during something like an event at some time and place for a certain amount of exchange, then it might be truly a "So-called half dollar" even if it doesn't state that on it.  Edited by TNG
02/21/2018 2:29 pm
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Pillar of the Community
United States
7508 Posts |
TNG,like you twist in quote, and better yet your tokens, they are pretty cool.
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Bedrock of the Community
United States
10284 Posts |
"TNG,like you twist in quote"
Glad you saw that. LOL
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Replies: 20 / Views: 3,043 |
Posted 02/21/2018 11:56 am
