ARGENTINA, countermarked coin

$5.00

The word “exonumia” is used to describe all kinds of things that are “like” coins but are not coins.I wrote a blog post on that subject. Basic categories: 1. used like a coin but not issued by a national government, 2. looks like a coin but not made for spending, 3. other things that we are interested in.

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SKU: 2851153 Categories: ,

Description

Private countermarking of coins was common around the world in the late 19th century but was rare by the 1950s. The effect was to turn the coin into a token that could only be used locally. Countermarked coins from Argentina are rare.

A token is used like a coin but is not a coin. Rather, it stands for a coin without the value of the coin. Maybe its copper, but says its value is the same as a silver coin. Usually tokens were made privately, but sometimes governments got involved.

The word “exonumia” is used to describe all kinds of things that are “like” coins but are not coins.I wrote a blog post on that subject. Basic categories: 1. used like a coin but not issued by a national government, 2. looks like a coin but not made for spending, 3. other things that we are interested in.