CHINA, ZHEJIANG, Jiaxing Coal Factory token, (1960s)


CHINA, ZHEJIANG, PRC, token, no date (1960s), Obverse: Jiaxing Coal Factory, 20 coal balls, serial number, Reverse: legend, red plastic, white paint, 45mm, tape residue, VF

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This odd plastic token, with its value stated in terms of the coal balls that were the product of the factory, is one of many money substitutes used locally in the Peoples Republic of China.

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.