SATIRICAL HARD TIMES TOKEN
UNNOFICIAL CURRENCY
LARGE CENT-SIZED COPPER TOKEN STRUCK IN 1837
OBV: A JACKASS WITH THE LEGEND "FOLLOW IN THE STEPS OF MY ILLUSTRIOUS PREDECESSOR"
REV:Â TURTLE WITH AND IRON BOUND CRATE ON ITS BACK MARKED "SB TREASURY" AND THE LEGEND "EXECUTIVE EXPERIMENT"
PRIVATELY MADE PIECES SUCH AS THIS WERE USED DURING A TIME OF POLITICAL AND FINANCIAL CRISIS BROUGHT ABOUT BY THE FINANCIAL PANIC OF 1837
DURING JACKSON'S PRESIDENCY, HE CALLED FOR THE ABOLOLITION OF THE SECOND BANK OF THE UNITED STATES BEFORE ITS CHARTER EXPIRED
WITHOUT THE NATIONAL BANK, STATE BANKS ISSUED LARGE NUMBERS OF NOTES AND FUELED INFLATION
OVERSPECULATION BY INVESTORS AND INFLATION CAUSED A FINANCIAL CRISIS
WHEN MARTIN VAN BUEREN CAME INTO OFFICE THE ECONOMIC HARDSHIP WAS CALLED "HARD TIMES"
TOKEN CONTAINS 10.6 GRAMS OF COPPER
29 MM IN DIAMETER
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