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Broadstruck
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Aaron White Satirical Dollar, HK-829, SC$1, Copper, Rarity-6
Fully proof like and nearly full red as minted.
In the May 1884 sale of the J.N.T. Levick collection W. Elliot Woodward stated that these are now very rare tokens as they were suppressed by the government.
History: Aaron White, eccentric Connecticut lawyer, believed that the financial strain of the War of the Rebellion would bankrupt the United States and that as a result, all paper money, "greenbacks" in particular, would become worthless. He hoarded hard money as insurance against such catastrophe. White struck his satirical pieces to show contempt for greenbacks, printed to finance the war. Specie or hard money was so scarce when the war commenced that the government had to print money to meet its needs. White remembered the suspension of specie payments by U.S. banks and the resultant hard times of 1837 and the Great Panic of 1857. Also in his memory was the issue by wildcat banks and private concerns of an avalanche of paper money, value of which fluctuated greatly, and much of which was worthless. He wished to refresh the memories of the people to the curses of paper money.
Fully proof like and nearly full red as minted.
In the May 1884 sale of the J.N.T. Levick collection W. Elliot Woodward stated that these are now very rare tokens as they were suppressed by the government.
History: Aaron White, eccentric Connecticut lawyer, believed that the financial strain of the War of the Rebellion would bankrupt the United States and that as a result, all paper money, "greenbacks" in particular, would become worthless. He hoarded hard money as insurance against such catastrophe. White struck his satirical pieces to show contempt for greenbacks, printed to finance the war. Specie or hard money was so scarce when the war commenced that the government had to print money to meet its needs. White remembered the suspension of specie payments by U.S. banks and the resultant hard times of 1837 and the Great Panic of 1857. Also in his memory was the issue by wildcat banks and private concerns of an avalanche of paper money, value of which fluctuated greatly, and much of which was worthless. He wished to refresh the memories of the people to the curses of paper money.
To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
0
Comments
2003-2026
are totally unaware of the volatility and potential demise of paper money - believing that the
government would 'never allow that to happen'....
"A dog breaks your heart only one time and that is when they pass on". Unknown
.
CoinsAreFun Toned Silver Eagle Proof Album
.
Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC FOR SALE
- Bob -
MPL's - Lincolns of Color
Central Valley Roosevelts
- Marcus Tullius Cicero, 106-43 BC
"Inspiration exists, but it has to find you working" Pablo Picasso
AB
Robec, SO pretty!
http://macrocoins.com
Robec, SO pretty!
Not really looking for much these days but if I were, it might be a toner.
Robec, SO pretty!
Thanks! If only it was BN instead of RB.
- Bob -
MPL's - Lincolns of Color
Central Valley Roosevelts
l
It's not having what you want, it's wanting what you've got.
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
1953-S RPM #6, fully struck.
Soooooooo that's what the surface of Mars looks like
.
CoinsAreFun Toned Silver Eagle Proof Album
.
Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC FOR SALE