Hard Times token
Overall: 1 1/8 in. ( 2.9 cm )
Token; copper; depiction of Lady Liberty's profile surrounded by a ring of stars on the obverse, and the Centre Market building on the reverse; obverse "E PLURIBUS UNUM" reverse "CENTRE MARKET / 14TH WARD / N. YORK / ACCOMMODATION"
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.