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Good For 50¢ on New Account
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Good For 1 Loaf Bread
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Banks also issued tokens to encourage patronage. This generally occurred during the 1920s. Many of these were distributed much like the discount tokens described above, but other schemes were used.
One method involved the cast iron savings banks now popular with some collectors. When one of these banks was sold or given away, the banker would deposit a token in it to “seed” the savings compartment.
Banks also encased cents as a means of advertising. See my web page about Louisiana Encased Cents for advertising pieces used at some Louisiana Banks.
Reverse descriptions include “This Coin Worth 25¢ in opening a savings account”, Good During Banking Hours only”, 1 Cent Saving Check, Good For 50¢ on Account”.
American Bank and Trust Co. New Orleans, LA
This coin good for 25 cents in opening a savings account during 1926-1927.
Located at 200 Carondelet Street, this bank opened in 1923.
Teutonia Bank and Trust Co. New Orleans, LA
Worth 25¢ if you open a savings account of $1.00 or more at this bank.
Located at 327 St. Charles St. this bank opened about 1901 and was closed by the 1920s.
Louisiana Bank & Trust Co. Shreveport, LA
Who says we don’t give samples!
1968 Encased Cent
Fremont Michigan State Bank 50c Coin to Open a $1 Savings Account Token
on March 31, 2020 at 12:26 am
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St Clair Shores Michigan National Bank $25 Savings Account Lucky Coin Token
on March 31, 2020 at 12:19 am
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Old token 1934 PITTSBURGH PENNSYLVANIA BANK OF AMERICA GOOD FOR 1/2 CENT DEPOSIT
on March 30, 2020 at 11:41 pm
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LEWISTON, MAINE MANUFACTURERS NATIONAL BANK TOKEN - $5
on March 30, 2020 at 3:15 am
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Omaha, NE Token, Boys Town Student Bank, $1.00, Nebraska
on March 29, 2020 at 5:26 pm
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1918 CLEVELAND OH BANK CHECK
on March 29, 2020 at 1:06 am
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CITIZENS & SOUTHERN BANK OF SOUTH CAROLINA -SC State Seal Brass Token dated 1929
on March 28, 2020 at 8:18 pm
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The Nazareth National Bank Token Nazareth Pa.
on March 28, 2020 at 7:20 pm
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6 different "Bank" token dies
on March 28, 2020 at 4:32 pm
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1969 Southern Pennsylvania National Bank Coin Medal Token York, Pennsylvania
on March 28, 2020 at 1:28 pm
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