(sold for $17.0)

1900s, USA, New Jersey, J.C. Brass 5 Cents "G.C. Zimmer" Trade Token Coin.

Condition: VF-XF! Mint Period: ca. 1900-1920 Denomination: 5 Cents (Trade Token) Region: Jersey City, New Jersey, USA. Diameter: 23mm Material: Brass Weight. 3.9gm

In numismatics, token coins or trade tokens are coin-like objects used instead of coins. The field of token coins is part of exonumia and token coins are token money. Tokens have a denomination either shown or implied by size, color or shape. "Tokens" are often made of cheaper metals: copper, pewter, aluminium, brass and tin were commonly used, while bakelite, leather, porcelain, and other less durable materials are also known.

A key point of difference between a token coin and a legal tender coin is that the latter is issued by a governmental authority and is freely exchangeable for goods. However, a token coin typically has a much more limited use and is often issued by a private company, group, association or individual. In the case of "currency tokens" issued by a company but also recognized by the state there is a convergence between tokens and currency.