Historical Coin Token Peterborough, Northampton, Octagonal, 1670

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     Historical Coin Token Peterborough, Northampton, Octagonal, 1670
    Peterborough, Northampton, Octagonal, 1670- Historical coin tokens provide a fascinating glimpse into a short and interesting period of history. Although tokens per se did appear in the 13 Th Century and were used in the Roman Empire and also among some indigenous people in South Africa, the main ones were issued in the seventeenth century but only for around 25 years. This was from roughly the period surrounding Charles 1 execution in 1649 due to instability in the government. Their issue was triggered by an ongoing shortage of official coinage that was small enough to allow day to day purchases of small amounts. Previously coins were valued according to weight in silver or gold for example, and were sometimes cut into halves or quarters to provide smaller values. However, tokens were typically made of less expensive metals such as copper or brass. They were trade coins as such, being "token" money for local use with more limited use than government issue coins. They were more local than Government Issue coins and were issued by trades people such as shopkeepers, merchants, inn keepers and bakers to name but a few. They have sometimes been referred to as "regional banking" and were in effect, a pledge to redeem goods( Dickinson, 1986).With the restoration of the monarchy in 1660 and the gradual issue of more government coinage, tokens had more or less disappeared by around 1672 having been melted down, discarded or lost. WEB/0120


    Weight : 0.1kg