New Zealand (1874) penny token KM-Tn6

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from the Stack's Bowers 2018 NYINC sale, lot 24523
New Zealand SB118-24523r.jpg

This specimen was lot 24523 in Stack's Bowers NYINC sale (New York, January 2018), where it sold for $144. The catalog description[1] noted, "NEW ZEALAND. Auckland. Auckland Licensed Victuallers Association. Penny Token, ND (ca. 1874). NGC MS-62 BN. Rarity 4-5. RARE. Tightly spaced letters in central inscription. Young laureate bust of Queen Victoria left within beaded boarder, 'Victoria. Born May 24 1819.' around; Reverse: 'Established New Zealand April 4 1871' at center in five-lines within beaded border, 'Auckland Licensed Victuallers Association.' around. Sharply struck with good definition of the fine detail of the expressive portrait of Young Victoria displaying smooth chocolate patina with a lovely blue sheen when tilted and attractive cartwheel effect. An example where the quality is not necessarily reflected by the designated grade. From the James Heegeman Collection." The SCWC comments, "Because of a shortage of British money, New Zealand merchant tokens were issued beginning in 1857. There were some 147 varieties issued in 10 cities, although the majority were issued in Auckland, Christchurch, Wellington and Dunedin."

Recorded mintage: unknown but scarce.

Specification: copper, 31 mm diameter.

Catalog reference: Andrews-328; Lampard-304; KM-TN6; Gray-20b; Renniks-35.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • [1]Ponterio, Richard, Kyle Ponterio, John Kraljevich and Cris Chatigny, The January 2018 NYINC Sale: Ancient Coins, World Coins & Paper Money, featuring the Eldorado Collection of Colombian and Ecuadorian Coins, Santa Ana, CA: Stack's Bowers LLC, 2017.

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