Tokens, on the other hand, were usually a localized production and produced in very limited quantities, often in quantities of several hundred to several thousand. Because of those limited quantities, many versions today have only a very few examples that have survived, and even fewer that survived in finer grades.
Tokens were produced by States, by Towns, and by Counties. They were produced by private businesses, by banks, by organizations, and often produced for events ranging from World fairs to Local Bridge or Building Ribbon Cuttings. What tokens lacked in production numbers for an individual token, they made up for in the sheer number of varieties that were made. Up until recently, most could be purchased very, very cheaply...so one could build an impressive collection without "breaking the bank". Even today, most tokens can be purchased for just a few dollars or less, however some of the rarer versions that just a few years ago sold in this range are now bringing hundreds - or in some cases thousands - of dollars.
In our next blog entry we'll be discussing a bit more about types and values of tokens, so find that box of old tokens, dig'em out and check back shortly!