First Page
Posted 07/17/2012 10:41 pm
Welcome to the CCF, Mpeck3.
As so many of these early Jackson Hard Times tokens evidence substantial wear, we can safely say that many did circulate as cents. Jackson was a very popular president, and those admired him would doubtless accept it as specie payment for a cent. Merchants could buy these in quantity for a discount from a die sinker, a maker of tokens. Giving these tokens out in change would then result in an instant profit for the merchant. Then too, there was the political sentiment attached to these pocket pieces which could readily become conversation starters.
Nowadays, tokens like yours can just as easily start a collection! Just for the fun of it, go to ebay, under coins, and search for "Jackson token." Careful though ... You might get hooked!
As so many of these early Jackson Hard Times tokens evidence substantial wear, we can safely say that many did circulate as cents. Jackson was a very popular president, and those admired him would doubtless accept it as specie payment for a cent. Merchants could buy these in quantity for a discount from a die sinker, a maker of tokens. Giving these tokens out in change would then result in an instant profit for the merchant. Then too, there was the political sentiment attached to these pocket pieces which could readily become conversation starters.
Nowadays, tokens like yours can just as easily start a collection! Just for the fun of it, go to ebay, under coins, and search for "Jackson token." Careful though ... You might get hooked!
