Merchant tokens are a type of historical collectible coin, often issued by businesses to serve as currency within a specific locality or for a particular purpose, such as trade or promotion. The Rulau catalog, which provides comprehensive listings of these tokens, indicates that many were produced during the 19th century, including the year 1848. These tokens can feature unique designs related to the issuing merchant or establishment, making them popular among collectors who appreciate their historical significance and connection to early American commerce. In the context of United States coins, merchant tokens represent a fascinating aspect of numismatics, highlighting regional economies and trade practices before the widespread use of standardized currency.

Item Denomination Series Year Mint
(1848-52) Chicago M-Ill-14 Il Ms Other / Varied Merchant Tokens - Rulau 1848 Unknown