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J.S. Collins Token Replica

$2.99

J.S. Collins Token Replica

The tokens were intended for the use of soldiers only. Under Army regulations at that time, post traders, also called Sutlers, were permitted to advance to soldiers a percentage of the soldier's pay. Should the soldier want a five-dollar advance, for example, he could go to the Sutler who would enter the advance in his ledger, then issue five dollars in tokens to the soldier. The soldier could redeem the tokens in goods only, never cash. On payday, the Sutler would present the ledger to the paymaster who would deduct the five dollars from the soldier's pay and hand it over to the Sutler. The transaction was closed; no further bookkeeping required.

John S. Collins began operating the store at Fort Laramie in 1873. He could readily see the advantages in the token system. He immediately placed an order with the Chicago firm of W.W. Wilcox for a quantity of tokens in 25- and 50-cent values. This token is an exact replica of one of them (except for the word "copy" which is required by law).

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  • Model: 1715
  • 399 Units in Stock

This product was added to our catalog on Friday 03 February, 2012.