Melbourne and Maldon 1861 penny token KM-Tn262

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from Steve Album sale 45, lot 2923

This specimen was lot 2923 in Stephen Album sale 45 (Santa Rosa, CA, January 2023), where it sold for $144. The catalog description[1] noted, "AUSTRALIA: AE penny token, 1861, Warnock Bros., Melbourne and Maldon, Victoria, brown with hints of red, About Unc." 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, 34 mm diameter, this specimen 11.82 g.

Catalog reference: KM-Tn262.

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.
  • [1]Album, Stephen, Joseph Lang, Paul Montz, Michael Barry and Norman Douglas Nicol, Auction 45, Santa Rosa, CA: Stephen Album Rare Coins, Inc., 2022.

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