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Lead tokens, Lead, as it is soft and prone to oxidisation, has rarely been used for coinage and never in England but since it is cheap and easy to melt and cast, coin-like objects of lead, sometimes also of pewter and tin, were widely produced in medieval times up to the nineteenth century. In the study of numismatics, token coins or trade tokens are coin-like objects used instead of coins. The field of tokens is part of exonumia and token coins are token money.