Pocket Change Tokens
There is a commonly encountered conventional distinction between coins and tokens such that coins are produced and issued by governments as legal tender, whereas tokens are produced and issued by private businesses and derive their value only from their redemption by the issuer. This distinction is useful for many purposes, but like most definitions, it runs into problems in situations where the real world turns out to be more complicated than the unstated assumptions that underlie the distinction.
One of these assumptions is that official money is actually produced and issued by governments. Leaving aside the very substantial problem of banknotes…
The motto of the American Numismatic Society is Parva Ne Pereant—“So the Small May Not Perish.” In the world of…
Opportunity often leads to innovation. Sometimes the events that contribute to an evolution of this nature are well-known and documented,…