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1837 Executive Experiment Token, Copper. Hard Times Token

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Pillar of the Community

United States
586 Posts
 Posted 08/05/2022  04:37 am Show Profile   Bookmark this topic Add KerryKz to your friends list Get a Link to this Message Number of Subscribers
Posting some of my junk drawer finds from ebay.. Believe this to be in pretty impressive condition? Is the coloring on the back normal? All thoughts on grading or the coloring are appreciated
1837-Executive-Experiment-Token,-Copper.--Hard-Times-Token
1837-Executive-Experiment-Token,-Copper.--Hard-Times-Token
1837-Executive-Experiment-Token,-Copper.--Hard-Times-Token
1837-Executive-Experiment-Token,-Copper.--Hard-Times-Token
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Bump111's Avatar
United States
3323 Posts
 Posted 08/05/2022  11:15 am  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply
Looks like a decent example of a fun issue. The coloration is most likely environmental staining, not uncommon on old copper-based coins. There are no definitive grading standards for the Hard Times Tokens, but I would call this one AU. The weakly struck turtle is commonplace.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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captainmandrake1's Avatar
United States
878 Posts
 Posted 08/05/2022  6:11 pm  Show Profile   Bookmark this reply Add captainmandrake1 to your friends list Get a Link to this Reply
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.
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ExoGuy's Avatar
United States
4415 Posts
 Posted 08/06/2022  08:53 am  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
IMHO, lacking the higher definition of an XF, this is a VF details token. I suspect that the staining may have been the consequence of a leaking fountain pen .... I'm old enough to vaguely recall those! I've seen many an antique desk drawer with similar stains, too.

Condition aside, I've long been drawn to pictorial images on early tokens like this one. The history lessons are equally compelling. Even today, big banks, the powerful financiers, elitists, remain a major threat to the U.S. economy. Paper currency is now being challenged by digital currency .... a move that threatens to make us old collectors, those who appreciate holding tokens, broken bank notes and the like, virtual dinosaurs. Like Jackson, I prefer specie to paper!
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