Paterson Ancestry IX
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The driving force behind the need for token coinage was the shortage of small denomination coins for everyday transactions. However, the demand was fueled by other factors such as the Industrial Revolution, population growth, and the preponderance of counterfeit circulating coins. Because the government made little effort to ameliorate this shortage, private business owners and merchants took matters into their own hands and the first tokens of this type were minted in 1787 to pay workers at the Parys Mine Company. By 1795, millions of tokens of a few thousand varying designs had been struck and were in common use throughout Great Britain.
Collecting Conder has been popular since shortly after they were first manufactured, resulting in the availability today of many highly preserved examples for collectors. The demarcation of what is or is not a Conder is somewhat unclear, however, most collectors consider Conder tokens to be those indexed originally by James Conder or later by Dalton and Hamer.
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