New Zealand 1857 penny token KM-Tn64

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from the Stack's Bowers 2018 NYINC sale, lot 24534
New Zeland SB118-24534r.jpg

This specimen was lot 24534 in Stack's Bowers NYINC sale (New York, January 2018), where it sold for $228. The catalog description[1] noted, "NEW ZEALAND. Auckland. M. Somerville. Penny Token, 1857. NGC MS-63 RB. Rarity 4. RARE. Wide and tightly spaced letters on reverse. Rose, Shamrocks and Thistle tied with ribbon, 'New Zealand' above, date below; Reverse: 'Wholesale Family Grocer City Mart' at center in three-lines, 'M. Somerville Auckland' around. Sharply struck with lovely gingerbread patina in the open fields and atop the devices and original mint red around the devices flowing seamlessly to the open fields. Quite an attractive example and sure to excite the collector of Tradesmen tokens. 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 rare.

Specification: copper, 34 mm diameter.

Catalog reference: Andrews-500; Lampard-342c; KM-TN64; Gray-249c; Renniks-484.

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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