1837 Hard Times Token Millions For Defence Not One Cent Copper Coin

Original 1837 Hard Times Token Millions For Defence Not One Cent Copper Coin, Estate Found, Circulated, Please view photos. This lot is not tax exempt.

Medium

copper

Date

1837

Condition Report

Circulated

Exhibited

Currently Mebane Antique Gallery and available for preview

Literature

The 1837 "Millions for Defence, Not One Cent for Tribute" copper token is a privately minted emergency coin issued during the severe economic crisis known as the Panic of 1837. The Panic of 1837: Triggered by banking policy changes under President Andrew Jackson and continuing into Martin Van Buren's presidency, the economy collapsed and banks stopped exchanging paper money for gold or silver. The Slogan: The phrase "Millions for Defence, Not One Cent for Tribute" originates from an 1798 diplomatic incident involving the United States and France (the XYZ Affair), attributed to Charles Cotesworth Pinckney

Provenance

Pugliese Collection

Notes

Available for live in house bidding and pay-pick up from our gallery, No sales tax due on coin currency and bullion, Always bid with confidence with Mebane Auction. Thank you Jon Lambert

Condition

Circulated