These coins were a way of forcing company loyalty onto employees and often a sad part of history. They appear in excellent condition, a relic of times we can learn from.
- Fact 1: Scrip coins were issued by companies as a substitute for money and only redeemable at company stores.
- Fact 2: Scrip is a substitute for currency which is not valid, legal tender.
- Fact 3: Municipal scrip was issued by local governments during the height of the Great Depression.
- Fact 4: Scrip became common in remote areas with large employers, like coal towns, because US coin and currency wasn't easily accessible there.
- Fact 5: Coal companies, fishing and fruit canneries, logging companies, paper mills, and railroads all made extensive use of scrip currency.