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Coin and Paper Money Collecting/1914 war token??? not sure??

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Expert: - 1/25/2006


Question
I have this coin that looks like a penny but there aint no licoln on it. there is the number 1 on it and 8 stars below that and it says "C.J. Downs on the front of it.
On the back it says on the top "In Trade only" with the number 1 below it and it has like a triangle in the center with the word "trade system" in cursiff hand writing and on the bottom it says "Pat APR 7, 1914.
Can you tell me what this is and how much it is worth?

Answer
Hi We,
Sorry I can't tell you what it's worth but I can tell you that it isn't a war token, it was a trade token.  These were popular being used as change amongst merchants when small change was not available.
You need to find someone who is knowledgable about Trade tokens.
Regards
Joe Hylas

Coin and Paper Money Collecting

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Joe Hylas

Expertise

Numismatic professional with over 30 years experience can answer your questions about US coins, their values, how best to sell them and where to buy them. Interested in starting a collection? Find out which areas are undervalued and how to acquire those coins at the best price.

Experience

Ex-Head Precious Metals trader for Deak-Perera International with 42 offices worldwide. Industry experience since 1978. Has worked co-operatively with US Mint, Royal Canadian Mint, Austrian Mint, Chamber of Mines of South Africa, World Gold Council and Platinum Guild International. Professioanl numismatist specializing in US Coins. Always buying collections, will travel if size of collection warrants. Website: www.AllCoins.US

Organizations
PCGS, NGC, Rotary

Publications
Physician's Money Digest

Education/Credentials
Bachelor's Degree in Business Administration

Awards and Honors
Paul Harris Fellow

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