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Be careful since the novelty toy penny may indeed actually be a token. Token were used all the way back to the 1770's in Boston, New York, and Philadelphia as a form of money by merchants.

If you shopped at a merchant's business and then they wanted to give you a fair-trade coin they made to allow you to buy future goods from them. They often gave a discount for using one of their tokens. The tokens have no intrinsic value other than that value assigned by the merchant of the time.

Modern day finds of these tokens can be worth $10 to $10,000 depending on who the merchant was or who the merchant became. If the business is still in business today under a modern name, then this token may be worth the high-end value.

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14y ago
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1mo ago

A novelty 1877 penny, which is not a genuine coin from that year, typically has no collector value as it is not considered authentic by numismatists. If it is made from non-precious metal like zinc or copper and is not issued by an official mint, it is generally considered a novelty item or a replica rather than a valuable collectible.

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Q: Does a novelty 1877 penny have any value?
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