Hard Times token
Overall: 1 1/8 in. ( 2.9 cm )
Token; copper; hole in top; depiction of an eagle with a shield on its breast on obverse; obverse "JAMES G. MOFFET / E PLURIBUS UNUM / 121 PRINE ST T / BREASS FOUNDER NEW-YORK" reverse "SHEET & PLATES BRASS / GOLD SILVER / GERMAN SILVER / ROLLED / TO ORDER / BRASS COUNTER RAILING"
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.