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Is the Standish Barry Threepence a coin or a token?
MrEureka
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Is the Standish Barry Threepence a coin or a token? Why?
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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Tokens are issued by non-governments.
Standish Barry 3d is a token, but a great one. I would love to purchase another.
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I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
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Coins are issued by governments.
Tokens are issued by non-governments.
Can you think of any exceptions to that rule?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Can you think of any exceptions to that rule?>>
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<< <i>
Coins are issued by governments.
Tokens are issued by non-governments.
Can you think of any exceptions to that rule? >>
That's an interesting definition. I can't think of any exceptions.
But, off the top of my head, I think I would define a coin vs. a token in terms of their intended use. Coins are intended to be used as legal tender within a region, whether they are minted and issued by the government or privately. Tokens are intended to be used as substitutes for legal tender in trade, or as advertisements, or to spread political opinion, or other non-monetary related functions.
Maybe I'm off base here (and I need to do some actual research for this) but, based on my definition, I would say the Standish Barry Threepence is a coin.
1) Are there universally accepted definitions of the two terms?
2) What difference does it make if the SB is one or the other?
It makes virtually no difference whether the SB is a coin or a token. It is no less desirable to any colonial or MD collector.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
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Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
Coins are issued by governments.
Tokens are issued by non-governments.
Can you think of any exceptions to that rule? >>
didn't franklin mint strike coins for most of the Carribean island nations?
<< <i>I have two questions:
1) Are there universally accepted definitions of the two terms?
2) What difference does it make if the SB is one or the other? >>
Well...Probably no and none. But if the OP question stimulates discussion about colonial era numismatics, then I'm all for it!
The Franklin Mint did strike coins, but under the authority of an issuing government.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
At the Baltimore show, Coin Rarities Online had the nicest one of these I've ever seen!
An authorized PCGS dealer, and a contributor to the Red Book.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>The Standish Barry Threepence is listed as a token in the Redbook. >>
I'm not sure that means anything.
The Redbook also lists a price for the Voce Populi Small Letters Farthing in 5 different grades with Good starting at $850. This despite the fact that there are 4 or 5 known, the lowest grade is around a VF and the last one offered publicly was at the ANA for $85,000.