Awesome coin! Beautiful from the environmental toning! The coin refers to the policies of President Jackson, who hated anything that resembled a central bank, and effectively killed the Bank of the United States by withdrawing federal funds from its coffers. Essentially, Jackson believed that the money supply should be controlled by the people and not financial elites! The death of the bank exacerbated the Panic of 1837, an economic collapse due to land speculation with a resulting failure of private bank paper money as they were unable to redeem their paper money in specie, leading to bank runs. By then, President Jackson had left office, leaving his successor, "Old Kinderhook" van Buren to deal with the economic mess.






















