The Numismatic Bibliomania Society

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The E-Sylum: Volume 22, Number 41, October 13, 2019, Article 30

FEATURED WEB PAGE: LIBERTY TRADING COMPANY

This week's Featured Web Page is a collection of mining scrip tokens at the Smithsonian National Museum of American History.

Scrip is a substitute for legal tender that was often used in coal towns as a substitute for monetary wages or credit against the miner's next paycheck. Scrip could only be spent in company stores for goods (sold at a a high markup in isolated towns with weak labor unions) and was part of a corporate paternal system of employee benefits that helped management control workers and made labor organization difficult. The Liberty Trading Company of Madera, Pennsylvania issued this scrip for use in their stores. The company produced several different token in $10.00, $5.00, $1.00, .50¢, .25¢, .10¢, and .05¢ denominations.

$10 Liberty Trading Company scrip token

https://americanhistory.si.edu/collections/search/
object/nmah_1392021



Wayne Homren, Editor

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