That Coinweek article was written, I think, by the guy who goes by PatAR on here. He's got a thing for Isabella.
Quote:
Some numismatists suggest these may have originated as some sort of jeton or gaming token that was either gold coated for its original purpose and found ready use as a counterfeit, or later coated and passed as counterfeit. Corroboration of this theory cannot be found in Russell Rulau's Tokens of Spain, which makes no mention of tokens or jetons of this type, but the crudeness and abundance of these pieces begs explanation. Whether they began as counterfeits, tokens or perhaps jewelry is not certain, because thus far no definitive information on their origins or precise history has been found.
This is where I come from on these. There are a large number of overall poor imitations... poor to the point where they couldn't possibly have fooled anyone. As such, those pieces MUST have been gaming counters/spielmarke of some sort - which leads one to infer that most of the better-made ones were primarily made for the same purpose.
There were certainly lots of ACTUAL contemporary counterfeits in Spain all throughout the 1800s - of gold, silver and even copper coins. I would think it's likely that SOME of these 1860s-dated types were in fact produced made with that intent - though it would be hard to separate out WHICH ones were which (aside from assuming the best-executed, proper weight and color examples would be the best candidates).
It's also a near-certainty, as the article hinted, that at least some people here and there would have tried to pass pieces that were expressly made to be gaming "counters" as counterFEITS.