Wood Coal Company Scrip, 1 cent

Name/Title

Wood Coal Company Scrip, 1 cent

Entry/Object ID

KK.0174

Description

Ethel 967 (Logan) Wood Coal Company F1 four-point star cut-out

Collection

Company Scrip + Tokens

Mintage

Mint

Insurance Credit System

Date made

1917 - 1949

Manufacture Method

Struck

Coin Details

Obverse

Transcription

WOOD COAL COMPANY / 1

Reverse

Description

ICS logo

Issuing Authority

Insurance Credit System

Currency

Coal Company Scrip

Denomination

1 cent

Dimensions

Diameter

18 mm

Composition

Material

Nickel

Provenance

Provenance Detail

Archaeological Find

Exhibition

Life in the Coal Camps

Interpretative Labels

Label Type

Cultural/Historical Context

Label

Company Scrip In most coal operations, miners were not paid in US dollars, but rather in company money, called scrip. Usually scrip was only redeemable at the company store, preventing miners from spending money outside the company town. Although illegal in the state of West Virginia, most coal companies continued to use scrip to pay their miners until the 1950s. collection of Kenneth King