SOLD
285.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2019 Oct 23 @ 23:23UTC-4 : AST/EDT
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***Auction Highlight*** 1837 Feuchtwanger New York HT-268 . Hard Times Token 1c Graded Choice Unc By USCG. The Feuchtwanger Cent was a "German Silver" private token coin circulated by Lewis Feuchtwanger during the 1830-1840s in the U.S. The tokens were originally created as patterns to demonstrate a new type of metal for coinage, however when these proposals failed, they were temporarily used by the public during depressions to accommodate a small change shortage. In 1837, to alleviate the need for small change during the Hard Times, Feuchtwanger created tokens made of argentan (commonly known as German Silver), an alloy made of copper, nickel, zinc, tin and trace metals. It was considerably cheaper to produce than the extraction of copper for the government minted half-cents and cents. The Hard Times, an especially rough period of economic recession following the dissolution of the Second Bank of the United States, was known for massive hoarding of small change. Much of the small change circulating at this time (roughly 1837-1844) was composed of clunky copper half-cents and cents privately produced. In 1837, Feuchtwanger presented his one cent coins to Congress for approval as legal coinage and a cheaper substitute for copper. This was probably the first attempt to circulate "nickel" coinage in the United States. Congress denied his request, but Feuchtwanger persisted in his production and circulation. Laws banning private coinage were not passed until 1864. Between 1837 and 1844 thousands of Feuchtwanger cents came out of his New York City pharmacy. A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin
Auction Location:
148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
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| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
21% |
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