PREV ARTICLE
NEXT ARTICLE
FULL ISSUE
PREV FULL ISSUE
Query: Planters Nut & Chocolate Company Token Information SoughtDave Perkins writes: The Wall Street Journal this week had a fun letter to the editor titled, "Token Currency Met a Need, Wasn't Peanuts." It is about tokens issued by the Planters Nut & Chocolate Co. in Suffolk County, Va. In the early 1930s. Has any E-Sylum reader seen or heard of these tokens before? I had not.
Me neither. Here's the meat of the letter.
-Editor
In the early 1930s, Amedeo Obici, the founder of Planters, was hiring workers by the day for loading and unloading rail cars. To avoid time-consuming paperwork, each worker received a Planters token at the end of the day. Tokens were to be cashed in on payday, which was Friday. Soon, some of the merchants in Suffolk starting to accept these tokens as legal currency. Eventually, the Planters day tokens became an accepted currency. Mr. Obici found himself issuing more tokens then actually required and the Suffolk economy and Planters did very well. To read the complete article, see: Token Currency Met a Need, Wasn't Peanuts (online.wsj.com/article/SB10001424052748703806304576234642057386106.html)
I did manage to find the following description online - it was taken from a 2007 eBay auction lot. Unfortunately, the token isn't pictured. I "deaccessioned" my state token references some years ago to free up shelf space, so I have nowhere else to look right now; can anyone find a reference or provide an image?
-Editor
Very hard to find aluminum scrip token from the Planters Nut & Chocolate Company of Suffolk, Virginia, home of Mr. Peanut. Token has on one side a central numeral "25" - for twenty five cents, and "Payable only at office of Planters Nut & Choc. Co.". The other side says "This check will be cashed on regular payday of Planters Nut & Choc. Co., Suffolk, VA." Token measures about 1 1/8 inches in diameter. Condition is very good. some wear and soiling (which may clean up) consistent with age. Dates to the 1920's or 1930's.
To read the complete article, see:
RARE PLANTERS NUT CHOCOLATE CO ALUMINUM SCRIP TOKEN 25C
(www.worthpoint.com/worthopedia/rare-planters-nut-chocolate-co-aluminum-scrip-token)
The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
|
