Hard Times token
Overall: 1 1/8 in. ( 2.9 cm )
Token; copper; depiction of Andrew Jackson on obverse, and of a running boar on reverse; obverse "MY SUBSTITUTE / MY / EXPERIMENT / MY / CURRENCY / MY / GLORY / FOR THE U.S. BANK" reverse "PERISH CREDIT PERISH COMMERCE / MY / VICTORY / MY / THIRD HEAT / DOWN WITH THE / BANK / 1834"
The language on this coin alludes to the elimination of the U.S. Bank. In 1837 and again in 1857, financial crises caused loss of confidence in paper money and widespread redemption of currency in coin. Banks were soon forced to suspend specie payments, and tokens and fractional notes had to serve as smaller change.
Gift of Thomas H. Meyers
Due to ongoing research, information about this object is subject to change.