1 Penny - Hide and De Carle Melbourne, Victoria

Hide & De Carle operated as a hardware merchant in Melbourne during the gold rush years, when the colonial government's chronic failure to supply adequate small change forced private traders to issue their own copper tokens. These pieces circulated as functional currency across Victoria at a time when a genuine penny was almost impossible to find in daily commerce. The firm's token was struck in Birmingham — almost certainly by the Heaton Mint, which produced the overwhelming majority of Australian tradesman's tokens during this period.

Gray #107 is among the better-documented Victorian private issues, though die varieties exist within the series.