Trade Token Use In the united states

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The American Heritage Book of the English Language becomes a expression as “a part of rubber-stamped metal used as an alternative for currency. inch The Book of Numismatic Terms published by the American Numismatic Association says a expression is “usually a piece of durable material Ethereum tokens appropriately marked and unofficially issued for monetary, advertising, services, or other purposes. inch Trade Tokens were mainly used in the united states from the late 1800s to about 1940. However some expression use occurred after 1940. Tokens are still used today essentially amusement arcades and casinos.

Tokens were known by numerous nicknames. Coal miners called them “flickers. inch In saloons and bars, particularly those in the Midwest, these were known as “chits. inch “Klacker” was popular in Birmingham, al, while “scrip, inch “checks, inch and “due bills” saw widespread use. The most prevalent name in Louisiana have also been “brozine. inch The origin of this term is not known, but it is possibly an altered form of “bronze” which was the arrangement of many tokens. Another terms popular in Louisiana was “doo-ga-loo” with other names seeing local use. One such term used in the new Orleans area for 2½¢ issues was “quarti” or “quartee, inch which might attended from the fact that it represented one-tenth of a one fourth. “Good For” or “Trade Token” is a popular name today

Many different and diverse sources issued tokens, including Timber Company’s, Sugar and Cotton Planting commissaries, Bakery, Milk, Grocery store and General Stores, Restaurants, Sea food providing Houses, Saloons, Bars, Billiard, and Pool Corridor. Tokens were also employed by transportation companies on their busses lines. Plus old Amusement Arcades as well as Modern Arcade, Military Bases, strawberry pickers. Tax tokens were even used to collect taxes and Masons issued Masonic pennies. Tokens were usually made of brass, bronze or aluminum. However cardboard and fiber were also used. Paper promotion books saw some use.

The technique people was limited only by the imagination of the issuer, but most chop down into one of the following categories: (1) to extend credit to employees, (2) to provide a discount, (3) to make change in unusual amounts, (4) to ensure purchases at a particular business, (5) to specify an amount of work done, (6) to show proof-of-purchase, (7) to attract new clients, (8) to serve as a medium of exchange following a pre-payment, and (9) to regulate access to certain areas.

Glyn Farber has published a catalog of all known Hickey Brother Cigar Store Tokens and co-authored two books about Louisiana Trade Tokens. In addition he wrote several articles for the Expression and Medal Society (TAMS) and the National Expression Collectors Association (NTCA). Glyn has been a devoted collector of Louisiana Trade Tokens, Louisiana collectibles and Lake Charles, LA postcards for pretty much 40 years.

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