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1 Penny - Hide and De Carle 1857 Melbourne, Victoria

Issuer Hide & De Carle (Melbourne, Victoria)
Year 1857
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Composition Copper
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Obverse script Latin
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Reverse description A classical allegorical female figure, draped and helmeted, is seated facing left in the centre of the field, holding an balance scale suspended in her raised left hand, symbolic of commerce and justice. To the lower left, a steamship under sail is depicted on water, representing maritime trade. To the lower right, a bale or barrel and further trade goods are visible at the figure's feet. The date 1857 appears in the exergue below a horizontal line, while the legend MELBOURNE, VICTORIA. curves along the upper periphery within a beaded border.
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Additional information

Hide & De Carle operated as ironmongers and general merchants on Collins Street, Melbourne, issuing these tokens during the acute small-change shortage that plagued the Victorian goldfields economy throughout the 1850s. The colonial government's failure to establish a local mint capable of supplying sufficient regal coinage left the field wide open for private traders, and Melbourne merchants filled the gap aggressively. The Andrews and Ryde reference spread across five varieties reflects meaningful die differences between issues, not mere cataloguing pedantry.

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