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Replies: 17 / Views: 6,601 |
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Valued Member
United States
90 Posts |
Help I worked for a coin dealer 15 or so years ago. He would throw what he thought was junk in a box and give it to me as a bonus for my time (also got 1st pick of anything I wanted at grey sheet buy price  ) Well after all these years I have now started checking some of this bonus material and found this Andrew Jackson token. I think it is a hard times token but have no reference material. This is where Y'all come in I hope  Just curious exactly what this is, when it was made, and the condition? Oh and obviously is it worth much?   Thanks in advance for any info. This is one of the best information sources that I have found on the Web
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Pillar of the Community
United States
4415 Posts |
Welcome aboard, colosfj. Many kind and helpful folks on this site. Looks to me like you have a desireable issue of a Hard Times token, dating to 1834. It's an HT-5 if it's brass. While I'd gauge it as having VF detail, it's sadly experienced environmental damage. Without the damage, it'd be worth maybe $400-600. My guesstimate is $100-150, as is. You can probably locate a few sales on ebay or other auction sites (Heritage and Stacks are quite good), and gauge the market value of your piece. There is a reported but unconfirmed specimen of this variety that was struck in white metal. It's tentatively catalogued as HT-5a. You might take your token to a show and have a knowledgeable dealer confirm that it's brass. The environmental damage can affect the token's natural color. Regardless of condition, this is a fairly scarce token that has cross-appeal to collectors of political items as well as exonumists. It's a neat find from a fascinating era of U.S. history. It's the sort of token that one may later regret selling; this, as you start learning more about it. Then too, it's a great starter token for forming a collection of Hard Times tokens! Enjoy ...
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Valued Member
 United States
90 Posts |
It is brass for sure, the scan does come up kind of dark. Thanks for the Info  I collect so many different things now, why not HT Tokens. Are there many affordable ones out there? Should we leave tokens as they are or clean them?
Edited by colosfj 04/07/2011 11:46 pm
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New Member
United States
44 Posts |
Environmental damage or no, it is very cool.
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Valued Member
United States
99 Posts |
Do they still make these types of tokens?
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Pillar of the Community
United States
4415 Posts |
There have been some copies of Hard Times tokens made over the years, but this oldtimer has seen very few of those which are typically underweight. Common HTT's generally sell in the $15-30 range for VF-XF. UNCs, common varieties, fetch $150 and up. The HT era generally covers tokens issued between 1832-44. The Red Book lists some varieties ... see "Hard Times" in the index. There are many dozens of fairly common HTT's. IMHO, the best book for anyone considering collecting HTT's is Rulau's "U.S. Tokens 1700-1900." This huge book covers early, colonial era issues, HTT's, merchant tokens, Civil War tokens or CWT's and later 1800's trade tokens. The later of the four editions contain a thousand pages or so ... a wealth of info. Older editions can be had for a modest cost, probably $10-$15. The latest or 4th edition will likely run over $20 for a used copy. Buy the book before the token! Many rare tokens await discovery, and gathering knowledge is the key to making great finds. Regarding this specific token, I'd conserve/clean it with acetone - the kind found in hardware stores and not nail polish remover. A pint can cost maybe $8 and will last a looong time. I pour it into small bottles for convenience and give them to friends. Use a Q-tip and gently swab the token on one side, afterwards using the dry end to lift the contaminants. Repeat the process on the other side and the edge. It may require a few such treatments before the Q-tip no longer turns green or brown. Don't rub the token harshly, but do massage it with a soft, non-abrasive cloth to assure it's totally dry before holdering it. You may want to experiment with some old wheaties, first. Do a search on CCF for acetone and read what others have said and done in this regard.
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Pillar of the Community
United States
731 Posts |
Beautiful specimen!
This is an HT-6, R-2, dies cut by Wright & Bale, circa 1834. Rulau 4th edition estimates VG @ $40. That was in 2004. Its retail has increased since.
Edited by CheetahCats 04/09/2011 6:01 pm
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Pillar of the Community
United States
4415 Posts |
Hi Cheetah .... Having seen your above post, I revisited my Rulau book, 4th ed. This token is listed as HT-5, an R-3.
As much as I appreciate the 2004 Rulau book, IMHO the prices were all over the map. Some prices seemed inflated while others were well under-valued at the time. Granted that token values can be more difficult to assess than coins, doubtless due to their relative scarcity, I do believe that many of the cited 2004 prices were unrealistic. As a case in point, Rulau then valued an Alabama Civil War token at $600 when they were easily fetching three times that amount. Personally, I'd have mortgaged my house to then buy a roll at $600, each!
Regarding this specific token, HT-5, I'd have welcomed the opportunity to purchase a VG for $40-60 back in 2004. I do believe that a serious collector of HTT's would pay $150 for this one in today's market.
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Valued Member
 United States
90 Posts |
Just an added note, this thing looks much better in hand than in the scans.
I would say that it would probably grade better than a VG.
There is some ED but some of the miising detail looks more like weak strike issues.
Did they have that kind of issue with these?
I like this piece but after checking some prices to get others I will have to wait awhile.
Did not realize the demand was so high for Hard Times tokens. They are very interesting to research, the history surrounding each piece is great.
Thank You for all the information, might have to find a book (New).
Edited by colosfj 04/12/2011 03:49 am
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Pillar of the Community
United States
4415 Posts |
I see VF+ detail on this one, but the ED is almost always a major detraction for exonumists. I've not seen enough of these to comment on weak strike issues, but my guess is that's not an issue with this one. I've seen a few other tokens struck by Wright & Bale, and that's my measure. Their tokens impress me as being uniformly well struck. There are many varieties of Andy Jackson tokens out there; enough to make a very interesting collection for a relatively modest investment. Even some of the scarcer ones, far more difficult to obtain than 1909-s VDB's, can be had for under $100. From my experience, shows are the best place to gather tokens; this, as many an ebay seller will attest. More often than not, you'll have to ask each dealer if he has them; typically, in a box behind his display.
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Pillar of the Community
United States
731 Posts |
Indeed. It's an HT-4. Pg 110 in Rulau is a little discombobulated.
As for the prices, the Rulau book is not necessarily a good guide, indeed. It most cases, IMO, Rulau's pricing is under. To clarify, my goal in having posted that value was that the token is worth at least that number.
Edited by CheetahCats 04/12/2011 5:32 pm
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Pillar of the Community
United States
731 Posts |
Quote: I see VF+ detail on this one Not sure I can agree. I'll go as far as saying Choice Fine. At the end of the day, IMO, the only way we'd truly tell is to assess the token in hand.
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Pillar of the Community
United States
4415 Posts |
I see that a VG, holed HT-5 sold on ebay for $82. My guess is that this one's worth twice that. As to what the catalogue number of this one is, it still looks like an HT-5 to me. Check out the following Stack's site: http://webcache.googleusercontent.c...w.google.comUpon scrolling down, there are four specimens of HT-5 listed. Compare the detail on the VF specimen to the one in this thread.
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Pillar of the Community
United States
731 Posts |
Exo... I meant HT-4. You were right.
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Pillar of the Community
United States
1143 Posts |
Having one and watching prices over the years I would say this is worth around $150. While its only an R3 its not exactly a common token and there are collectors who are looking for this. If you decide to collect HT tokens then you have a great starter piece. Now kindly direct me to this junk box so I can see what else it holds.
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Valued Member
 United States
90 Posts |
I wish that this dealer was still around, I probably still work for him. Got mixed with the wrong crowd and is no longer with us. RIP - Wayne thanks for all the great coins and good memories. Thanks for all the great information, think I will check some antique stores and see what I can find - ebay was not so great.
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Replies: 17 / Views: 6,601 |