(1902) Silver Token HT-M24, C.D. Peacock IL

Coin Details

Description

This silver Hard Times token () is cataloged in the miscellaneous or unattributed section of the Rulau reference. Hard Times tokens were privately struck copper and brass pieces produced during the economic upheaval of the 1830s and 1840s, serving as both political commentary and substitute small change during severe coin shortages. The miscellaneous Hard Times tokens include pieces that do not fit neatly into the political (HT-1 to HT-80) or merchant advertising (HT-81+) categories. Some represent commemorative or patriotic themes, while others remain unattributed to specific issuers or political campaigns. These tokens are nonetheless part of the broader Hard Times token tradition and provide additional insight into the material culture of Jacksonian-era America. All Hard Times tokens share the historical context of the Panic of 1837, triggered by Andrew Jackson's Specie Circular and the closure of the Second Bank of the United States. The resulting depression drove the production of thousands of different token varieties across the eastern United States.

Rarity Notes

Scarce to rare in silver. Silver Hard Times tokens were produced in much smaller quantities than their copper and brass counterparts, as the higher metal value made them less practical for everyday circulation. in silver represents a premium variety within the series.

Cross References

; PCGS #77177