Talk:Token coin

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Merge tag[edit]

Please don't remove merge tags. Humansdorpie 14:24, 27 February 2006 (UTC)

The only reason why I see not to merge would be Token coins would seem to be about tokens in general, such as Gold coin is to Numismatics the same way. But, IMHO, minor issue, merge. Joe I 21:39, 27 February 2006 (UTC)
Moved from Talk:Token (numismatics) Joe I 02:42, 28 February 2006 (UTC)
  • I wholly concur sir! Joe I 21:43, 28 November 2005 (UTC)
  • Agree. Merge 'em. Humansdorpie 14:24, 27 February 2006 (UTC)

Bias[edit]

The beginning of this article is contradictory and has a heavy slant against coins of fiat currencies issued by governments. It states that "the coins in your pocket today are, in fact, nothing more than token coins, because they only represent a token of value.... Today fiat money is nothing more than a representation of value - this value being largely based on the speculative whims of currency traders on Wall Street," Furthermore, it confusingly says that token coins were banned since 1932, yet it shows a Canadian penny as an example of a "token coin". Does this ban of "token coins" only apply to scrip given to employees? Government-issued coins are legal and common as are tokens for transit and other services. Andrew_pmk | Talk 00:29, 25 March 2006 (UTC)

Clean-up[edit]

I have removed statements such as the suggestion that tokens may not be referred to as tokens (whaaa...?), and removed the picture of Canadian money - this article is supposed to enlighten readers, not confuse them. The suggestion that legal tender and tokens are the same thing is debatable, fraught with caveats and I propose belongs in an article on economics rather than an article on tokens. Also removed the POV statement that Strachan tokens are the world's best-known token, and the reference to "legal tender" - replaced it with "coin of the realm" because of legal tender's very specific meaning. If nobody has objections, I will remove the cleanup tag shortly. Humansdorpie 11:13, 30 March 2006 (UTC)

What is the motivation to use tokens?[edit]

Does anyone know what the business practice is called when using tokens in place of currency? What are the financial incentives to do this? 75.177.180.229 (talk) 03:39, 23 March 2008 (UTC)

How are tokens used as credit cards? Are they coins?[edit]

A sentence in what I read: Credit card services consisting of financing the purchase of products by granting point-of-sale credit using plastic cards or tokens. 82.131.27.232 (talk) 09:02, 22 August 2008 (UTC)

Commentary moved from article[edit]

I've moved the following comments from the article. They should be discussed prior to material being added from them. Chris Cunningham (not at work) - talk 10:29, 6 February 2009 (UTC)


Updated comment and Correction: Strachan tokens were Not the First South African Circulation Currency. Strachan tokens were issued in a small area,, the size of London, and thus can not be considered a South African Circulation coin. It is only a token as it had only Barter value and no face vale. It were used primary to monopolise an area and oppress the local Griqua community. Griqua Town coinage were already circulating as early as 1815.

The Burgers Pond were the first Indigenous coinage and were also issued in 1874 (same year)

Also were Pennies and Two pennies issued.

Token coins is a non existent description as it is a combination created to boast the sales of Strachan tokens by an individual. Tokens and coins are two complete different items and can not be compared. Coins have a Denomination, a Coat of Arms and a Government Indicating its authenticity. Tokens are a promissory note or token issued by a private individual or company. South African Numismatics, contrary to the impression created here, Do NOT recognise Strachan as a currency, NOR as South Africa's FIRST circulating currency.

Standard bank in Kokstad held money in trust for exchange for tokens, and did not accept it as legal tender, but only acted as an agent for a customer, where the tokens could be exchanged for legal tender. The tokens were restricted to the Strachan Company, and normal circulating currency were needed to buy any item from other Businesses and Towns. —Preceding unsigned comment added by South African Coin Grading Services (talkcontribs) 07:27, 6 February 2009

British Armed Forces Special Voucher (BAFSV)[edit]

British forces serving in Germany post war were issued with wooden currency tokens - BAFSVs (pronounced and sometimes written "BAFS", see Google), instead of D-Marks. A quick web search confirms they were still in use in the early 1960s, and that they had denominations in D-Marks etc. They had been withdrawn by the late 1960s when I served there. I understand that their purpose was to avoid black market activities. Presumably the UK services may have had similar arrangements elsewhere, and US and French forces occupying post-war Germany may also have had such arrangements. Should such tokens be mentioned here? I do not know enough to be able to contribute more than a brief paragraph and have no reference sources.GilesW (talk) 16:31, 21 February 2010 (UTC)