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Hard Times token: Specie Payments suspended, May 10, 1837

Object Number: 
INV.13738
Date: 
1837
Medium: 
Copper
Dimensions: 
Overall: 1 1/8 in. ( 2.9 cm )
Description: 
Tokens; metal; depiction of Lady Liberty's profile on obverse; obverse "E PLURIBUS UNUM / 1841" reverse "SPECIE PAYMENTS SUSPENDED / MAY / TENTH / 1837"
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