Once, the rich simply minted more coins to accommodate the popular responsibility for more financial activity. Now, the government is relied upon to print more money as the government must accommodate the responsibility for more economic activity. The numismatic illustration shows how finance is different from economics, which remains based on the copper coin. For, as the value of the coin grows by circulation and rarity in its mintage, without one of those elements, the coin has less value. Appreciation for the art and historical representation separates the numismatic scholar from the coin collecting hobbyist.
The sad illustration was given at the 1154th Heritage Auction in Chicago in March 2011. During the 7th and last session almost all the gold coins of centuries in historic content were given off for the spot price of their gold content. What the numismatic audience noticed was the coin values had diminished from collectibles to a "melt down" value.
While in a private sale, the Feuchtwanger token cent was valued with a 2011 value in silver of $3 US. The numismatic value in the "Bible of Token Coins", by Russell Rulau suggested $165 for the Feuchtwanger Token which sold for $330. Maybe the numismatic lesson by some with an education sends a message to our US Congress, which was elected by those without an education on the matters of coin and circulation of our money.
Links & References
The Standard Catalog of US Tokens, by Russell Rulau
http://en.wikipedia.org/wiki/Panic_of_1837
http://www.historyorb.com/events/date/1837
click here=1154&ic=homepage_catalog_archive http://coins.ha.com/common/auction
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