SCOTLAND Glasgow merchant token 1830


SCOTLAND, token, 1830, Obverse: GLASGOW RETAILERS TOKEN, Reverse: ONE FARTHING 1830, copper, 20mm, farthing, VG

1 in stock

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Lack of small change continued to be a drag on the economy in 19th century Great Britain. Scotland was always worse off than England.

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.