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1 Penny - J. Taylor Ballarat, Victoria
| Issuer | J. Taylor, Ballarat |
|---|---|
| Year | 1862 |
| Type | Log in to see details |
| Value | 1 Penny (1⁄240) |
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| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | BREAD & BISCUIT BAKER FAMILY GROCER J. TAYLOR RED HOUSE CORNER OF DANNA & RAGLAN STREETS BALLARAT |
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| Reverse script | Latin |
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| Edge | Log in to see details |
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| Additional information |
J. Taylor operated as a storekeeper in Ballarat during the peak years of the Victorian goldfields economy, issuing this token at a moment when the colonial authorities had utterly failed to supply sufficient small-denomination coinage for everyday commerce. The Royal Mint's output simply could not keep pace with a population that had exploded from a few thousand to hundreds of thousands in under a decade.
Private tradesmen's tokens like this one filled the gap illegally but pragmatically, and the colonial government largely tolerated them until the Token Coinage Act of 1863 effectively ended the practice. This piece was struck with only a year or so of useful commercial life ahead of it.