Bidspirit auction | Palestine Israel, Templars token, B&C

Palestine Israel, Templars token, B&C 1/4 piaster, 1880, HAFFNER CC-14B, PCGS EF-DETAIL The tokens were created as a substitute for ”small money” - for use in everyday life and a number of reasons led to their issuance: First, in those days, both under Turkish rule and later, under British rule, there was a considerable shortage of ”small money” which severely limited the possibilities of trade and use of various services. Second, a lot of money came to the community in the Land of Israel from donations and family members from overseas and the exchangers in the country charged a large fee for exchanging the money. Third, the tokens were also used as a means of payment for the Arab workers who did not believe in a means of payment from paper.