1 Penny - Hedberg/ Levy Late Restrike Mule

Levy and Hedberg operated as merchants in mid-nineteenth century Australia, and their tradesman's tokens occupy a genuinely odd corner of colonial numismatics — pieces produced not by a government mint but by private commercial interests filling a chronic small-change shortage in the colonies. The "late restrike mule" designation here is the critical detail: this is a die marriage that was never the original intended pairing, struck after the fact, almost certainly by the diesinker rather than the issuing merchant.

Andrews #205 is sparsely documented, and the R#202 attribution carries a query for good reason.