Token coin

<p>In <a href="/facts/Numismatics/gJDe3Lr5">numismatics</a>, token coins or trade tokens are coin-like objects used instead of <a href="/facts/Coin/lgpMPxrB">coins</a>. The field of token coins is part of <a href="/facts/Exonumia/kPAfgG1g">exonumia</a> and token coins are <a href="/facts/Token_money/x8apXW06">token money</a>. Their denomination is shown or implied by size, color or shape. They are often made of cheaper metals like <a href="/facts/Copper/I8PEE8oX">copper</a>, <a href="/facts/Pewter/6nKw3xr2">pewter</a>, <a href="/facts/Aluminium/7wmR8jYE">aluminium</a>, <a href="/facts/Brass/pe8EHk6x">brass</a> and <a href="/facts/Tin/obW9mqc3">tin</a>, or non-metals like <a href="/facts/Bakelite/aczWmxTx">bakelite</a>, <a href="/facts/Leather/kvQtwHPH">leather</a> and <a href="/facts/Porcelain/deuLm3sb">porcelain</a>.
</p><p>A <a href="/facts/Legal_tender/VHLm0xnf">legal tender</a> coin is issued by a governmental authority and is <a href="/facts/Medium_of_exchange/Xm116Lxq">freely exchangeable for goods</a>. A token coin has a narrower utility and is issued by a private entity. In many instances, token coins have become obsolete due to the use of cash, <a href="/facts/Payment_card/m5MvC4vG">payment cards</a>, <a href="/facts/Stored_value_card/hGJshKc4">stored value cards</a> or other electronic transactions.
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Token coin open-in-new

Token coin