Melbourne 1862 penny token KM-Tn15

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from Heritage sale 3067, lot 31015

This specimen was lot 31015 in Heritage sale 3067 (Long Beach, September 2018), where it sold for $950. The catalog description[1] noted, "Australia. Jno Andrew & Co. copper Penny Token 1862 MS63 Brown NGC. A gorgeously toned token issue with razor sharp devices throughout. The piece possesses a sublime iridescence, the fields transforming upon rotation from a uniform mahogany to crimson in the centers and cobalt at the peripheries. From the Feeling Good Collection." 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-Tn15.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • McDonald, Greg, The Pocket Guide to Australian Coins and Banknotes, 23rd ed., Lavington, Australia, 2017.
  • Pitt, Michael, Renniks Australian Coin and Banknote Values, 32nd Edition, Matraville, New South Wales, Australia: Renniks Publications, 2023.
  • [1]Cristiano Bierrenbach, Warren Tucker and Sam Spiegel, 2018 September 6-11 Long Beach Expo World Coins & Ancient Coins Signature Auction #3067, Dallas: Heritage Auction Galleries, 2018.

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