USA, ILLINOIS, advertising token, (1920s)

$33.00

USA, ILLINOIS, token, no date (1920s), Obverse: bust 1/4 R, MORRIS B. SACHS “…CREDIT WITH A SMILE,” Reverse: horseshoe, THIS COIN IS WORTH $2oo ON ANY PURCHASE AT MORRIS B. SACHS 6638 SO. HALSTEAD ST. CREDIT WITH A SMILE, brass, 31mm, Chicago, Unc

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Description

Little advertising medallets or “tokens,” were commonly made and given out with change. Time frame for these kinds of things was 1890s to 1950s or so.

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.