-40%

Lot of 20 Miscellaneous, Coal Company Scrip

$ 62.83

Availability: 66 in stock
  • Type: Company Store Scrip
  • Country/Region of Manufacture: United States
  • Condition: Pre-Owned Vintage "Genuine" Coal Company Scrip that was used in the Old Coal Company Stores. The Coal Scrip is in very good condition
  • Circulated/Uncirculated: Circulated
  • Modified Item: No

    Description

    Here we have a lot of 20 miscellaneous, genuine company coal scrip
    .
    Please note the scrip you receive will be chosen at random.
    "The use of coal scrip dates to the late 1800s as coal companies looked for a way to eliminate keeping large cash reserves. Rather than receiving compensation in United States currency, many miners received payment entirely in scrip, which could be used only at the town store, eliminating any prospects of acquiring generational wealth. The result was a situation in which miners were perpetually indebt to their employer, receiving only an "advance against unearned wages." Because the company store was often the only place to spend scrip, the company could charge exorbitant prices in these rural communities compared to prices in major cities."
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