04-01-2016, 06:40 PM
![[Image: IMG_2769_zpsvbs7amtt.jpg]](http://s461.photobucket.com/user/dive-treasures/media/IMG_2769_zpsvbs7amtt.jpg.html)
![[Image: IMG_2770_zpsz305us4f.jpg]](http://s461.photobucket.com/user/dive-treasures/media/IMG_2770_zpsz305us4f.jpg.html)
![[Image: IMG_2771_zpsalcgvbnn.jpg]](http://s461.photobucket.com/user/dive-treasures/media/IMG_2771_zpsalcgvbnn.jpg.html)
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04-01-2016, 06:52 PM
WOW Wayne! What is it? Gotta be some kinda trade token. FABULOUS FIND!
Could that be a Andrew Jackson KILLED THE BANKS Token???
Ed
Could that be a Andrew Jackson KILLED THE BANKS Token???
Ed
04-01-2016, 07:01 PM
(04-01-2016 06:52 PM)Ohio Dirt Fisher Wrote: [ -> ]WOW Wayne! What is it? Gotta be some kinda trade token. FABULOUS FIND!
Could that be a Andrew Jackson KILLED THE BANKS Token???
Ed
Hard times token Ed = 1834
says "My substitute for the US banks" on one side
under the hog it says "down with the bank"! lol
04-01-2016, 07:17 PM
Oh wow, that's pretty sweet! That's a awesome find. Congrats 
04-01-2016, 09:10 PM
SWEET!!!!! I guess I am just looking in the wrong part of Michigan .
I look forward to being inspired by more of your finds.
Pat
I look forward to being inspired by more of your finds.
Pat
04-01-2016, 11:24 PM
Very nice bro!
04-02-2016, 12:51 AM
Simply incredible find. For a token not silver that is in remarkable condition. Congratulations on a great discovery. HH
. For a token not silver that is in remarkable condition. Congratulations on a great discovery. HH04-02-2016, 05:35 AM
Man thats a gorgeous example of a hard times token! You'd be hard pressed to find one any better. Congratulations!
04-02-2016, 02:20 PM
PS
for those who don't know what this type of token truly represents in/of our past as a nation = here's a bit of history on these nearly 200 year old pieces and how they played a central role in our past...
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Hard-times tokens are large cent-sized copper tokens, struck from about 1833 through 1843, serving as unofficial currency. These privately made pieces, comprising merchant, political and satirical pieces, were used during a time of political and financial crisis in the United States.
In 1832, President Andrew Jackson ran for re-election and called for the abolition of the Second Bank of the United States. While he won the election, he worked to weaken the bank before the charter expired in 1836. Without the Bank of the United States, state banks attempted to fill the paper money gap and issued a large number of bank notes, which fueled inflation. Hoping to halt the inflation and speculation in public lands, Jackson and his Treasury secretary, Levi Woodbury, issued the Specie Circular on July 11, 1836. The circular simply stated that as of August 15 1836, banks and others who received public money were required to accept only gold and silver coins in payment for public lands.
Instead of the intended results, the circular spelled the end of a time of economic prosperity. The circular set into motion a panic, and the public began hoarding specie. Without specie to pay out, banks and merchants began having financial troubles. It wasn't too long before the effects of Jackson's decision were felt across the nation as banks and businesses failed, and a depression ensued.
By this time, Jackson's vice president, Martin Van Buren, was the elected president in office. The period of economic hardship, the Panic of 1837, during Van Buren's presidency came to be known as the "Hard Times".
for those who don't know what this type of token truly represents in/of our past as a nation = here's a bit of history on these nearly 200 year old pieces and how they played a central role in our past...
-------------------------------------------------------------------------------------------------------------------------------------
Hard-times tokens are large cent-sized copper tokens, struck from about 1833 through 1843, serving as unofficial currency. These privately made pieces, comprising merchant, political and satirical pieces, were used during a time of political and financial crisis in the United States.
In 1832, President Andrew Jackson ran for re-election and called for the abolition of the Second Bank of the United States. While he won the election, he worked to weaken the bank before the charter expired in 1836. Without the Bank of the United States, state banks attempted to fill the paper money gap and issued a large number of bank notes, which fueled inflation. Hoping to halt the inflation and speculation in public lands, Jackson and his Treasury secretary, Levi Woodbury, issued the Specie Circular on July 11, 1836. The circular simply stated that as of August 15 1836, banks and others who received public money were required to accept only gold and silver coins in payment for public lands.
Instead of the intended results, the circular spelled the end of a time of economic prosperity. The circular set into motion a panic, and the public began hoarding specie. Without specie to pay out, banks and merchants began having financial troubles. It wasn't too long before the effects of Jackson's decision were felt across the nation as banks and businesses failed, and a depression ensued.
By this time, Jackson's vice president, Martin Van Buren, was the elected president in office. The period of economic hardship, the Panic of 1837, during Van Buren's presidency came to be known as the "Hard Times".
04-02-2016, 02:52 PM
Yes you really have to appreciate the history when you hold one of those jn your hand. Each one has a story to tell. Thanks for posting the info!
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