1812 LARGE COPPER PENNY _____Trade Token_____WALTHAMSTOW UK_____Smelting Works

Description

15B82
FRASCATIUS ANCIENTS
A BEAUTIFUL COPPER ONE PENNY TOKEN OF WALTHAMSTOW LANDORE UK BRITISH COPPER COMPANY, DATED 1812
THE SIZE IS 35.0 MM AND 20.73 GRAMS.
Withers 562
OBVERSE – A lion standing left, head front ROLLING MILLS AT WALTHAMSTOW ONE PENNY 1812
REVERSE – SMELTING WORKS AT LANDORE * BRITISH COPPER COMPANY within oak wreath
EDGE - Diagonally center grained /////
COINAGE
In 1775 the British government ceased production of copper coins, both the half penny and penny. There may have been a sound reason for this, however, the lack of small coinage quickly began to hamper local trade and commerce. The Parys Mining Company in Angsley, Wales, was a miner of copper. Since they had the available resource (copper) they decided to produce half-penny and penny tokens by themselves to alleviate the local problem.
The popularity of the tokens led to other manufacturers, and was apparent by the vast numbers that began to be produced, and within a short number of years there were thousands of different designs in circulation. The edges of the tokens were lettered, so that the holder of the piece would know who had produced it, and could return it to the origin for redemption in legal tender.
Conder Tokens are named after James Conder who was an early collector and cataloged these interesting coins. They are copper coins (usually pennies and half pennies) minted by towns, businesses, and organizations of all types to meet a need for low denomination coinage that was not being provided, not being minted in sufficient quantity by government, or not making it out to the small towns. These lower denominations were needed to pay workers and make change in an increasingly industrialized society. Thousands of varieties of tokens were minted, many are beautiful and intricate works of art.
Because Conder Tokens were minted independently of government, the creators of these tokens had the freedom to make political statements, social commentary, honor great men, ideals, great events, or just advertise their businesses. Most were officially payable only in certain areas and locations.
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NOTE: Frascatius is a life member (LM #6864) of the American Numismatic Association (ANA). Frascatius fully complies with the ANA Member Code of Ethics.
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