204

1837 Illustrious Predecessor HTT-34 Hard Times Token 1c Grades Choice Unc RB

Currency:USD Category:Coins & Paper Money Start Price:25.00 USD Estimated At:200.00 - 400.00 USD
1837 Illustrious Predecessor HTT-34 Hard Times Token 1c Grades Choice Unc RB
1837 Illustrious Predecessor HTT-34 Hard Times Token 1c Grades Choice Unc RB. Up for Auction is a very attractive Hard Times Token, HT-34, referred to as Executive Financiering: This satirical piece, HT 34, shows a turtle on the obverse and the legend EXECUTIVE FINANCIERING, representing either money moving too slowly to state banks, and then sub-treasuries, or the slowness in getting the sub-treasury bill through Congress. The Independent Treasury was a system for the storing of funds in the United States Treasury and its sub-treasuries in various cities, and was in place from its inception until it was obsoleted by the Federal Reserve system in the early 20th century. The reverse inscription of I FOLLOW IN THE ILLUSTRIOUS STEPS OF MY PREDECESSOR was a phrase said by Van Buren in his inaugural address in March 1837, although his predecessor, Jackson, is shown on the token as a jackass.