The area of numismatics that includes medals and tokens is known as exonumia. Medals and tokens are generally metallic in nature, resemble coins but have not been monetized by an issuing authority. However, they can have exchange value when issued by a merchant that will allow a certain trade-in value toward the purchase of goods at a given business. Medals and tokens were also used as a form of payment for migrant workers and miners as a way of insuring that they would be spent at the “company store,” thus insuring a monopoly on the pricing of goods sold. Historically, medals and medallic issues have also been used to acknowledge military acts of bravery, participation in military campaigns and honorable service. Medals were also struck to commemorate political events and historic events. At Black Mountain Coins we offer over 1,000 items of exonumia for your enjoyment.
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