Hand press Co-op Dividend Checks/Tokens
Name/Title
Hand press Co-op Dividend Checks/TokensEntry/Object ID
2025.1.46Description
A Hand Press for making Co-op Dividend Checks/Tokens, this one is the Bromley Co-opContext
Metal co-op dividend Checks or tokens were typically made by stamping thin blanks of tinned iron using a single die in a hand press, creating a "bracteate" design where the design appears on both sides of the token; essentially, a simple stamping process similar to embossing paper, with the cheapest and easiest method being used to produce large quantities of tokens for many small co-operative societies. The material for the Token was primarily tinned iron, with some societies later switching to brass or bronze for higher quality tokens as they became wealthier. A single die was used to press the design onto the metal blanks, creating a raised impression on both sides. The tokens usually featured the name of the co-operative society and a monetary value. Metallic checks were introduced in the mid 19th century by co-operative societies to enable members to obtain their dividend from purchases made at the store. The system was simple to operate. Checks were issued equal to the sum spent in the store, and were retained by the member until the quarterly or half yearly dividend was declared, the checks were then taken to the co-op office to be redeemed for cash. If the dividend was declared at 2/- in the pound, £5 in purchases would result in 10/- in coin of the realm.Category
Coins, Tokens and Medals or Awards