148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
Terms of sale
View demo
The auction has ended
|
LOT 3267:
1837 Feuchtwanger Hard Times Token HT-268 Variety 4E R-3 1c Graded au55 By SEGS
more...
|
|
|
Sold for: $275
Start price:
$
200
Estimated price :
$281 - $562
Buyer's Premium: 18%
|
1837 Feuchtwanger Hard Times Token HT-268 Variety 4E R-3 1c Graded au55 By SEGS
1837 Feuchtwanger HT-268 Variety 4E R-3 Hard Times Token 1c Graded au55 By SEGS. after the panic of 1837 and the subsequent 5 year depression thereafter known as the Hard Times, Lewis Feuchtwanger, a pharmacist, issued tokens made of German Silver, an alloy primarily made of copper, nickel, tin, and zinc. It was during these times that much of the coinage in the U.S. was hoarded and disappeared from circulation.Decades before the use of nickel-alloy for circulation coinage in the United States, Feuchtwanger proposed his token’s alloy to Congress as a lesser expensive metal for use in the minting of U.S. coppers. Though Congress entertained his idea, they ultimately turned down his proposal.Feuchtwanger didn’t let rejection by Congress stymie his entrepreneurial efforts. Instead of giving up on the idea, he chose to market his “silver” composition to store keepers, merchants, and the public at large.Out of his pharmacy at 2 Courtlandt Street in New York City, Feuchtwanger dispensed his tokens, often handing them out as change. Many remained in circulation for decades, with some being traded as currency up to and during the Civil War A Corey's Pick, Bid to Win Coin
