(1836) Copper Token HT-325, Squire & Merritt NY

Coin Details

Auction Record

$312 AU55BN 08-20-2019 Stack's Bowers

Description

This 1836 copper Squire & Merritt token is the final variety in the standard series, completing an eight-variety sequence (HT-318A through HT-325) that represents one of the most extensive merchant token programs in the Hard Times era. The sustained production effort implied by this many die combinations demonstrates significant commercial commitment by the South Street ship chandlers to token advertising. The conclusion of the Squire & Merritt series coincided with the onset of the Panic of 1837, which severely disrupted New York's maritime commerce. As credit tightened and international trade volumes contracted, the waterfront businesses that depended on shipping activity felt the impact early and hard. Token production ceased as merchants focused on preserving their core business during the downturn. The complete set of Squire & Merritt token varieties is pursued by Hard Times Token collectors who specialize in assembling comprehensive merchant series. The challenge of locating all eight varieties, particularly the scarcer HT-318A and the rare silver HT-320, provides an engaging pursuit that combines numismatic study with the history of New York's South Street seaport — one of America's most storied maritime districts.

Rarity Notes

Common. Final variety in the standard copper series. Rarity R-1 to R-2.

Cross References

Low 146; Rulau HT-325