Australia (1865) penny token KM-Tn153
This specimen was lot 3520 in Goldberg sale 85 (Los Angeles, June 2015), where it sold for $235. The catalog description noted, "Australia. J. MacGregor. Penny, ND (1865). Sydney, New South Wales. Arms with supporters. By the date an old mark possibly a scratch or flaw made at the time of striking. Nice original mint luster. NGC graded Uncirculated, Details (Obverse Damage)." In the late nineteenth century, as Australia was settled by emancipated convicts and free immigrants, normal commerce sprang up yet the Sydney mint was occupied solely with minting gold from the mines. Various merchants issued private tokens, including this one from J. McGregor. It is accompanied by a half penny token and is fairly available.
Recorded mintage: unknown.
Specification: Bronze. 31 mm.
Catalog reference: KM-Tn153.
- Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
- McDonald, Greg, The Pocket Guide to Australian Coins and Banknotes, 23rd ed., Lavington, Australia, 2017.
- Goldberg, Ira, Larry Goldberg, Aleeza Brown, Yifu Che, Jason Villareal and Stephen Harvey, Goldberg Sale 85: the Pre-Long Beach Auction, Los Angeles: Goldberg Coins and Collectibles, 2015.