Trade in coins

by on 02.09.2018

Municipal trade tokens of Canada Usually referred as Canadian Trade Dollars, these tokens are generally sponsored by a local non-profit organization and given legal monetary value in a specific area and for a limited time by the appropriate local authority. They are trade in coins as money in normal commercial transaction during the period of validity even if they have no legal tender value and or not recognized by law. This section presents different trade dollars and municipal tokens of Canada.

The links below will guide you to the description and characteristics of these types of tokens and see various errors, varieties and values. New Brunswick Dieppe, Fredericton, Moncton, Shediac, St. Newfoundland Change Islands, Corner Brook, Eastport, Gander, Rigolet, Saint John, St. Nova Scotia Amherst, Baddeck, Baie Sainte-Marie, Black Friday, Cape Breton, Claire, Clare, Darthmouth, Dartmouth, H. In the study of numismatics, token coins or trade tokens are coin-like objects used instead of coins. The field of tokens is part of exonumia and token coins are token money. Tokens either have a denomination shown or implied by size, color or shape.

In their purest form, currency tokens issued by a company crossed the boundary of merely being “trade” tokens when they were sanctioned by the local government authority. This was sometimes a measure resulting from a severe shortage of money or the government’s inability to issue its own coinage. In effect, the organization behind the tokens became the regional bank. A classic example of this is the Strachan and Co trade tokens of East Griqualand in South Africa which were used as currency by the indigenous people in the region from 1874.

Their initial success resulted from the scarcity of small change in this remote region from that time. Similarly, in times of high inflation, tokens have sometimes taken on a currency role. New York City Subway tokens were also accepted sometimes in trade, or even in parking meters, since they had a set value. A brothel token from the Red Dog Saloon. Coin-like objects from the Roman Empire called spintria have been interpreted as a form of early tokens.

Their functions are not known from written history, but they appear to have been brothel tokens or possibly gaming tokens. 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 jetons were used as small change without official blessing. From the 17th to the early 19th century in the British Isles and North America, tokens were commonly issued by merchants in times of acute shortage of coins of the state to enable trading activities to proceed.