When America was a colony during the reigns of King George II and George III, there was a great shortage of small coins. Gresham said that ‘bad money drives good money out of circulation’. And he was sure right.
The Colonists were so desperate for small change that they accepted coins that they knew were counterfeit, just to have something to make change. So, although these coins were wrong, they were accepted in the American Colonies as money. Today they are very collected in the United States as early American Money.
Some of the dies were made so poorly, that the newly minted coins looked like old worn pieces of money.
We bought a big collection of these copper coins so there is some variety of types so we just take them out of the box as they are ordered. The coins are in worn or made to look worn condition. They are about 200+ years old and are priced at much less than they bring in the United States.