Charles Francis Bastable

“ Various substances have been utilized for the manufacture of token coinage—silver at a lower degree of fineness, copper in different alloys, and nickel. The French term monnaie divisionnaire has much the same meaning; so has the German Scheidemünze. A currency, restricted in amount, but with full legal tender power—such as the Indian rupees and the French 5-franc pieces—is midway between token and standard money. Representative money also bears some analogy to token coinage. ”