Small Denomination Coins Bring Big Profits
Great Britain experienced a shortage of small change coins during the 18th and 19th centuries when the Royal Mint chose to concentrate on production of higher denomination gold and silver coins. Likewise, during the Civil War the United States experienced a critical shortage of small change coins, although much of this was due to hoarding. In both situations merchants took matters into their own hands and began making tradesman’s tokens that were the right diameter, weight, and metal content as was the real thing, but with iconography sufficiently different to avoid facing the hangman’s noose for counterfeiting.
Related Articles
- Perth Mint To Release 200th ANNIVERSARY OF THE RUM REBELLION Set January 2, 2008
- The Sgarabhaigh Silver Sixpence
- Nepal Central bank circulates new coins sans royal symbols
- Britannia Loses Her Place on British Coins
- Treasure found in field with metal detector
- 2007 £5 Brilliant Uncirculated Gold Coin - UK
- Coin collectors, art dealers fear restrictions on Chinese imports
- Issue of coins commemorating Jean de La Valette
- Israeli Archaeologists Discover Rare Second Temple coin
- The Greatest World Coin Auction of All Time (Part 5): Gold Coins as World Currencies
- Rare Old Coin Surfaces
- Canadian Mint Opening Delayed by Politics
- Lost or found? - UK’s Portable Antiquities Scheme
- 25-cent Alpine Skiing Coin Error Reported
- Huntington Collection to be sold by Hispanic Society of America
- Japan gets nature-themed 1,000-yen coin
- Exceedingly Rare Austrian Gold 15 Ducats to be sold by Spinks
- Sputnik - 50th Anniversary Today
- Counterfeiter jailed for making 14 million fake £1 coins
- Ongoing Battle Resumes Over Ending Cent


















