Melbourne 1862 penny token KM-Tn235

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from the Stack's Bowers 2019 ANA sale, lot 22241

This specimen was lot 22241 in Stack's Bowers ANA sale (Philadelphia, August 2019), where it sold for $79. The catalog description[1] noted, "AUSTRALIA. Melbourne. T. Stokes Copper Penny Token, 1862. EXTREMELY FINE. Obverse: Eight line inscription; Reverse: Emu, ADVANCE VICTORIA below. Pleasing quality throughout with attractive brown surfaces that are free from significant marks. A SCARCE numismatic-related token issue." Filling a shortage of coinage in the expanding economy, private tokens flourished until finally being banned in the 1870's. The SCWC lists nearly three hundred varieties. Today most are very scarce.

Recorded mintage: unknown.

Specification: copper.

Catalog reference: KM-Tn235.

Source:

  • 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.
  • [1]Orsini, Matt, Richard Ponterio and Kyle Ponterio, The August 2019 Chicago ANA Auction: World Coins, Santa Ana, CA: Stack's Bowers LLC, 2019.

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