idahotokens
Bronze Member
- Aug 30, 2003
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Just as a matter of semantics, I like to differentate among tokens, medals, and coins. My own definitions are helpful to me - ignore or use them as you wish:
Coin - a disk, usually of metal, issued by government authority to represent a certain amount of currency of the land. Coins used to have an "intrinsic value", i.e. the metal was worth approximately the "face value" on the metals market, but they seldom do anymore.
Token - a disk, often of metal, but sometimes of cardboard, fiber, wood, or plastic, that is issued by an individual or business to substitute for coins. Tokens seldom have an intrinsic value, they are seldom recognized by the government, and, in fact, were sometimes outlawed. Many tokens were issued strictly as advertising devices and were not redeemable. This is one of the gray areas in collecting tokens.
Medal - a disk, usually of metal, issued to commemorate a person, achievement, or event. Medals are issued by both governmental authorities and private organizations. They may well have intrinsic value - a gold medal, for instance - but never represent currency.
The term "disk" for all of these items really just means a flattish piece of material - not necessarily round.
Best,
John in Idaho
Coin - a disk, usually of metal, issued by government authority to represent a certain amount of currency of the land. Coins used to have an "intrinsic value", i.e. the metal was worth approximately the "face value" on the metals market, but they seldom do anymore.
Token - a disk, often of metal, but sometimes of cardboard, fiber, wood, or plastic, that is issued by an individual or business to substitute for coins. Tokens seldom have an intrinsic value, they are seldom recognized by the government, and, in fact, were sometimes outlawed. Many tokens were issued strictly as advertising devices and were not redeemable. This is one of the gray areas in collecting tokens.
Medal - a disk, usually of metal, issued to commemorate a person, achievement, or event. Medals are issued by both governmental authorities and private organizations. They may well have intrinsic value - a gold medal, for instance - but never represent currency.
The term "disk" for all of these items really just means a flattish piece of material - not necessarily round.
Best,
John in Idaho
