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Hard Times Token

Currency:USD Category:Coins & Paper Money / Exonumia - Tokens Start Price:100.00 USD Estimated At:200.00 - 300.00 USD
Hard Times Token
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Obv.: My Substitute / For the U. S. Bank / My Experiment / My Currency / My Story; Rev.: Perish Credit / Perish Commerce / My Victory / My Third Heat / Down with the Bank / 1834. Br., rd., 29 mm. Choice condition.

When President Andrew Jackson believed that too much of the financial power of the country rested in private hands, he withdrew the Government's treasury funds from the Second Bank of the United States. The result was the tightening of money and the failure of many banks and businesses. These were known as the Hard Times and many tokens including this one were issued during this economic depression for patriotic, satirical and advertising purposes.

HWAC# 61675 Date: 1834 Location: