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Token coin

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892:, and includes other types of tokens, including transit tokens, encased cents, and many others. In a narrow sense, trade tokens are "good for" tokens, issued by merchants. Generally, they have a merchant's name or initials, sometimes a town and state, and a value legend (such as "good for 5¢" or other denomination) somewhere on the token. Merchants that issued tokens included general stores, grocers, department stores, dairies, meat markets, drug stores, saloons, bars, taverns, barbers, coal mines, lumber mills and many other businesses. The era of 1870 through 1920 marked the highest use of "trade tokens" in the United States, spurred by the proliferation of small stores in rural areas. There were thousands of small general and merchandise stores all over the United States, and many of them used trade tokens to promote trade and extend credit to customers. 1049: 1564: 1805: 1172: 588: 978: 172: 847: 1142: 743: 1815: 600: 39: 909: 859: 816: 838:
almost ceased production. Merchants once again produced tokens, but they were then machine made and typically larger than their 17th century predecessors, with values of a halfpenny or more. While many were used in trade, they were also produced for advertising and political purposes, and some series
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Most such tokens show the issuer's full name or initials. Where initials were shown, it was common practice to show three initials: the first names of husband and wife and their surname. Tokens would also normally indicate the merchant establishment, either by name or by picture. Most were round, but
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These were issued by merchants in payment for goods with the agreement that they would be redeemed in goods to an equivalent value at the merchants' own outlets. The tokens play a role of convenience, allowing the seller to receive his goods at a rate and time convenient to himself, and the merchant
769:, tokens were commonly issued by merchants in times of acute shortage of coins of the state. These tokens were in effect a pledge redeemable in goods, but not necessarily for currency. These tokens never received official sanction from government but were accepted and circulated quite widely. 869:
In North America, tokens were originally issued by merchants from the 18th century in regions where national or local colonial governments did not issue enough small denomination coins for circulation. In the United States,
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and a great shortage of small change resulted. This shortage was felt more keenly because of the rapid growth of trade in the towns and cities, and this in turn prompted both local authorities and merchants to issue tokens.
969:, can also be inserted into the machines. In video arcades, they are also being phased out in favor of magnetic cards, which can also count how many tickets one has, allowing arcades to also do away with paper tickets. 961:
in 1979, most casinos reinstituted tokens, fearing confusion with quarters and not wishing to extensively retool their slot machines. Casinos which still use tokens in slot machines still use Eisenhower-sized ones.
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Military "pogs": Cardboard or plastic military tokens ("pogs") were used as a substitute for coins for United States military overseas. Pogs are lighter and less expensive to ship. The
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Medieval English monasteries issued tokens to pay for services from outsiders. These tokens circulated in nearby villages, where they were called "Abbot's money". Also, counters called
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In many jurisdictions, casinos are not permitted to use currency in slot machines, necessitating tokens for smaller denominations. After the increase in the value of silver
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Tokens are being phased out by many casinos in favor of coinless machines which accept banknotes and print receipts for payout. These receipts, abbreviated "TITOs" for
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Thousands of towns and merchants issued these tokens from 1648 until 1672, when official production of farthings resumed, and private production was suppressed.
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until 1997 when magnetic cards were introduced. The practice was also discontinued in Israel, leading to a trend of wearing the devalued tokens as necklaces.
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have been interpreted as an early form of token. Their functions are not documented, but they appear to have been brothel tokens or possibly gaming tokens.
1553: 1425: 1048: 711:. A token coin has a narrower utility and is issued by a private entity. In many instances, token coins have become obsolete due to the use of cash, 1679: 1735: 631: 805: 257: 252: 1052: 1027: 1689: 1372: 943: 122: 1838: 1674: 986: 946:
consulted with the U.S. Treasury, and casinos were soon allowed to start using their own tokens to operate their slot machines.
1787: 1231: 1186: 1156: 900:, another type of token, were usually issued by a merchant or bank as a promotion, sometimes redeemable for a specific item. 262: 230: 60: 136: 1761: 1418: 322: 281: 247: 237: 103: 1771: 1669: 391: 75: 1684: 416: 349: 300: 242: 56: 1593: 1129: 982: 82: 49: 1629: 624: 384: 364: 1563: 1411: 776:
was permitted by royal licence in the first few decades of the 17th century, but production ceased during the
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in countries with unstable currency so that the price could be easily adjusted. This system was in effect in
668:. Their denomination is shown or implied by size, color or shape. They are often made of cheaper metals like 1751: 1715: 1614: 1321:
A Guide Book of United States Coins, R. S. Yeoman and Kenneth Bresset, pages 372 and 376 of the 61st edition
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tokens are also found. Most were not given a specific denomination and were intended to substitute for
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tokens. Halfpenny and penny tokens usually, but not always, bear the denomination on their face.
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were produced for the primary purpose of sale to collectors. These tokens are usually known as
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were given to church members passing a religious test required for entry prior to the day of
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This article is about physical coins that are not legal tender. For the broader topic, see
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British Tokens And Their Values, Peter Seaby et al, page 7 of the second edition.
1634: 1538: 1528: 1121: 1117: 1079:, or fare cards). Some transport organizations still offer their own tokens for 1002: 990: 917: 665: 645: 559: 525: 159: 38: 27: 1091:-readable tickets, credit cards or fare cards has replaced these in most areas. 1710: 1226: 1167: 1113: 1071:
for years, to sell rides in advance at a discount, or to allow patrons to use
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There were again coin shortages in the late 18th century, when the British
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and they feature images of troops, aircraft, comic book characters, etc.
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for use in machines and on tables. When that coin was replaced with the
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tokens almost always date after 1890, when low-cost production began.
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to pay labor for use only in company stores owned by the employers.
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Metal token coins are used in lieu of cash in some coin-operated
19:"Game token" redirects here. For tokens used in board games, see 1463: 1148: 1068: 793: 657: 475: 201: 1407: 1080: 685: 135: 32: 878:
issued in the 1860s made up for shortages of official money.
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around 1964, casinos rushed to find a substitute, as most
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in a casino where they may be interchangeable with money.
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they are also found in square, heart or octagonal shapes.
843:, after the writer of the first reference book on them. 989:(designed in 2006); now replaced by the inter-regional 888:
The collecting of trade tokens is part of the field of
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officials made pogs in denominations of 5, 10, and 25
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were used as small change without official blessing.
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A 19th century brothel token from the Red Dog Saloon.
1780: 1744: 1698: 1660: 1653: 1607: 1571: 1441: 1023:, often cast by the minister in church-owned molds. 950:was the main minter of casino tokens at that time. 63:. Unsourced material may be challenged and removed. 936:ended the use of silver coins in the United States 855:to tie the holder of the token coin to his shop. 784:These tokens were most commonly made of copper or 707:coin is issued by a governmental authority and is 1075:geared only to take tokens (as opposed to coins, 1287:Standard Catalog United States Tokens 1700–1900 850:Show World Center token, New York City, c. 1990 757:From the 17th to the early 19th century in the 1301:The Economy of Prostitution in the Roman World 1001:: their use has decreased in favor of cash or 1419: 625: 8: 1303:(University of Michigan Press, 2004), p. 86. 942:at that time used that particular coin. The 927:. Money is exchanged for the token coins or 1554:VAM (Morgan and Peace dollar die varieties) 732: 1657: 1426: 1412: 1404: 1159:which can also be used to unlock a trolley 632: 618: 146: 1399:Museum of English Rural Life Trade Tokens 123:Learn how and when to remove this message 1680:International Coin Certification Service 1274: 804:, but there are also a large number of 158: 660:. The field of token coins is part of 656:are coin-like objects used instead of 1736:Standard Catalog of World Paper Money 772:In England, the production of copper 7: 61:adding citations to reliable sources 1053:Philadelphia Transportation Company 1028:Army and Air Force Exchange Service 953:In 1971, many casinos adopted the 719:or other electronic transactions. 14: 1690:Professional Coin Grading Service 944:Nevada State Gaming Control Board 1813: 1803: 1788:Coin shows in the United States 1731:Replacement banknote (star note) 1675:Certified Acceptance Corporation 1562: 1331:Giedroyc, Richard (2021-07-26). 1170: 598: 586: 170: 37: 48:needs additional citations for 1232:National Transport Tokens (UK) 1187:American Vecturist Association 1155:0.99, and sized the same as a 1151:cart token, sold in-store for 1087:services, although the use of 1: 1762:List of metal detecting finds 912:Token coins in an arcade game 874:issued from 1832 to 1844 and 709:freely exchangeable for goods 1772:List of most expensive coins 1128:: largely phased out due to 1685:Numismatic Guaranty Company 1394:New York City Subway Tokens 761:(and also elsewhere in the 727:Coin-like objects from the 143:Border Police canteen token 1865: 1594:Sheldon coin grading scale 1130:electronic toll collection 983:Toronto Transit Commission 862:Aluminum trade token from 25: 18: 1800: 1560: 981:Obverse and reverse of a 881:Tokens were also used as 1361:Coins & Money Tokens 1055:transit tokens (1940–68) 1839:Fare collection systems 1752:List of coin collectors 1716:Greenback (1860s money) 1333:"AAFES Phases Out Pogs" 1252:Token and Medal Society 1207:Glossary of numismatics 1104:public telephone booths 959:Susan B. Anthony dollar 819:Brass trade token from 512:Commemorative banknotes 21:Game piece (board game) 1810:Numismatics portal 1589:Paper currency grading 1160: 1056: 994: 913: 866: 851: 824: 747: 733: 593:Numismatics portal 231:Circulating currencies 144: 1144: 1051: 980: 967:ticket-in, ticket-out 911: 861: 849: 818: 745: 688:, or non-metals like 323:Historical currencies 164:the study of currency 138: 1095:Shopping cart rental 664:and token coins are 294:Fictional currencies 57:improve this article 1726:Paper money catalog 1599:Third-party grading 1479:Coin counterfeiting 481:Commemorative coins 392:Medieval currencies 301:Proposed currencies 1757:List of currencies 1499:Commemorative coin 1489:Coin rolling scams 1299:Thomas A. McGinn, 1178:Numismatics portal 1161: 1057: 1015:. While mostly in 995: 914: 867: 864:Osage City, Kansas 852: 825: 823:, Dakota Territory 748: 717:stored value cards 145: 1826: 1825: 1796: 1795: 1504:Euro starter kits 1484:Coin roll hunting 1459:Circulation issue 1377:"Church Tokens", 1212:Feuchtwanger Cent 987:single-ride token 955:Eisenhower Dollar 948:The Franklin Mint 872:Hard times tokens 796:and occasionally 778:English Civil War 642: 641: 133: 132: 125: 107: 1856: 1820:Money portal 1818: 1817: 1816: 1808: 1807: 1806: 1658: 1566: 1524:Mint-made errors 1514:History of coins 1469:Coin base weight 1449:Bi-metallic coin 1428: 1421: 1414: 1405: 1347: 1346: 1344: 1343: 1328: 1322: 1319: 1313: 1310: 1304: 1297: 1291: 1290: 1279: 1217:Hard times token 1180: 1175: 1174: 1173: 1100:Telephone tokens 1065:public transport 1009:Communion tokens 876:Civil War tokens 738: 634: 627: 620: 605:Money portal 603: 602: 601: 591: 590: 589: 315:History of money 270:Local currencies 174: 165: 147: 128: 121: 117: 114: 108: 106: 65: 41: 33: 1864: 1863: 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Retrieved 1336: 1326: 1317: 1308: 1300: 1295: 1286: 1277: 1122:toll tunnels 1118:toll bridges 1003:credit cards 964: 952: 933: 918:arcade games 915: 887: 880: 868: 853: 833: 830: 826: 821:Fort Laramie 783: 771: 756: 749: 729:Roman Empire 726: 705:legal tender 702: 654:trade tokens 653: 649: 643: 542: 526:Credit cards 287:Time dollars 141:Bechuanaland 119: 110: 100: 93: 86: 79: 72:"Token coin" 67: 55:Please help 50:verification 47: 1844:Token coins 1699:Paper money 1635:Coin folder 1539:Seigniorage 1529:Numismatics 1442:Numismatics 1069:fare tokens 1043:Pay toilets 993:smart card. 973:Other types 666:token money 650:token coins 646:numismatics 560:Scripophily 160:Numismatics 28:token money 16:Trade token 1833:Categories 1711:Fiat money 1615:Coin board 1544:Token coin 1363:. London: 1342:2023-04-09 1269:References 1227:Medal game 1146:Australian 1126:toll roads 1073:turnstiles 999:Car washes 836:Royal Mint 462:Collection 405:Production 335:Achaemenid 83:newspapers 1721:Notaphily 1663:companies 1584:Coin slab 1365:Ward Lock 1237:Pub token 1013:communion 806:halfpenny 802:farthings 774:farthings 735:spintriae 698:porcelain 678:aluminium 507:Banknotes 500:Notaphily 434:Hammering 417:Designers 340:Byzantine 207:Banknotes 1849:Exonumia 1706:Banknote 1608:Supplies 1519:Key date 1509:Exonumia 1494:Coin set 1367:, 1973. 1164:See also 1157:$ 2 coin 1089:computer 1077:currency 1061:Railways 1017:Scotland 894:Aluminum 890:exonumia 690:bakelite 662:exonumia 519:Exonumia 370:Japanese 350:Filipino 330:Aksumite 194:Currency 182:Glossary 152:a series 150:Part of 1572:Grading 1202:Gettone 798:leather 731:called 694:leather 548:Cheques 493:Grading 427:Milling 422:Coining 385:Tibetan 365:Italian 345:Chinese 263:Oceania 212:Forgery 97:scholar 1549:Toning 1371:  1124:, and 1108:Brazil 1085:subway 1021:pewter 991:Presto 985:(TTC) 922:casino 790:pewter 788:, but 765:) and 752:jetons 674:pewter 670:copper 567:Stocks 553:Scrips 543:Tokens 536:Medals 531:Jetons 449:Errors 444:Metals 360:Indian 248:Europe 238:Africa 99:  92:  85:  78:  70:  1781:Shows 1745:Lists 1670:ANACS 1654:Other 1222:Jeton 1114:Tolls 1032:cents 929:chips 810:penny 786:brass 723:Trade 682:brass 658:coins 572:Bonds 476:Coins 375:Roman 355:Greek 202:Coins 104:JSTOR 90:books 1464:Coin 1369:ISBN 1149:ALDI 1116:for 1083:and 1063:and 920:and 794:lead 696:and 684:and 439:Cast 412:Mint 380:Thai 282:LETS 243:Asia 219:List 76:news 1153:A$ 1081:bus 686:tin 652:or 644:In 224:ISO 59:by 1835:: 1335:. 1285:. 1120:, 792:, 715:, 703:A 700:. 692:, 680:, 676:, 672:, 648:, 154:on 139:A 1427:e 1420:t 1413:v 1345:. 1289:. 1132:. 1005:. 633:e 626:t 619:v 126:) 120:( 115:) 111:( 101:· 94:· 87:· 80:· 53:. 30:. 23:.

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