20 January 2016

Before there were plastic credit cards

"Charge plates, often called Charga-Plates, are the predecessors to credit cards. Used until the early '60s, charge plates are made of aluminum or white metal plates. They are about the size of a dog tag and are embossed with the customer's name and address. The back side has a paperboard insert with the issuer's name and the cardholder's signature. Charga-plates were issued mostly by department stores, but also by a few oil companies and store associations. They were sometimes kept in the stores and retrieved by the clerk when an authorized user made a purchase. A charge plate is more valuable with its case. Between 300 and 500 different ones are estimated to exist."
Text from the American Credit Card Collectors Society, via.  Image via imgur and Reddit.

I'm old enough to remember charga-plates, but not old enough to remember charge coins, first issued in 1865 (!!) and discussed here.
"The coins are the oldest, and there's also a group called celluloids. Celluloids and coins were around in the turn of the last century. I find the coins the most interesting: You have them from most of the major department stores from the last century up until around the 1950s... There are some credit coins worth hundreds of dollars now."..

Celebrity credit cards are also a hot item amongst collectors. In October 2005, Heritage Auctions acquired Henry Fonda's Texaco Credit Card from 1953 from his son, Peter Fonda. It was sold for only $95.60, most likely because it was unsigned. Auctioneers Butterfield & Butterfield sold Elvis Presley's American Express card from the early 1970s several years ago at a jaw-dropping $41,400.
You learn something every day.  I'll need to keep my eyes open the next time I visit our local auctioneer.

7 comments:

  1. i recall getting a library card that had a metal tag in it. your name, etc. was written on the cardboard part and the metal part had an number that was your number.

    I-)

    ReplyDelete
  2. Wow! I remember the plates, too. We even had one from Wanamaker as well as Sears Roebuck.

    ReplyDelete
  3. My mother had a Charga-plate for Gimbel's in NYC. Haven't thought of it in, oh, at least 60 years. We always shopped at Gimbel's rather than Macy's because we could charge stuff. Or maybe we had the Gimbel's Charga-plate because we never shopped at Macy's...

    ReplyDelete
    Replies
    1. Hi Swift. Long time, no see/hear. Glad you're still around.

      Delete
  4. The always excellent podcast 99% Invisible did a story about the birth of credit cards today. It started with a background on these coins and plates.

    ReplyDelete
  5. I remember these well. The stores also had pneumatic tubes that whipped things around the store. And then there were the fluoroscopes at shoe stores. I just loved looking at the bones in my feet. I wonder how much radiation I picked up from those? And watches with radium dials. And phosphorescent paint. Oh, the good old days!

    ReplyDelete
    Replies
    1. my bank uses pneumatic tubes to handle the transactions from the outer drive thru windows.

      I-)

      Delete

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