Hard Times token

Object Number: 
Z.3103a
Date: 
1837
Medium: 
Metal
Dimensions: 
Overall: 1 1/8 in. ( 2.9 cm )
Description: 
Token; metal, depiction of a blad eagle with a shield on its chest and arrows and a branch in its arms, surrounded by a ring of stars, on obverse, an open umbrella on reverse; obverse "1837" reverse "H. CROSSMAN / MANUFACTURER / No 92 1/2 / CHATHAM ST NY."
Gallery Label: 
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.
Due to ongoing research, information about this object is subject to change.
Creative: Tronvig Group