Catalog
| Issuer | New Zealand |
|---|---|
| Year | |
| Type | Emergency coin |
| Value | 1 Penny (1⁄240) |
| Currency | Trade tokens (1857-1881) |
| Composition | Copper |
| Weight | |
| Diameter | 30 mm |
| Thickness | |
| Shape | Round |
| Technique | Milled |
| Orientation | |
| Engraver(s) | |
| In circulation to | |
| Reference(s) | R#597 |
| Obverse description | |
|---|---|
| Obverse script | Latin |
| Obverse lettering | WHOLESALE AND RETAIL BAKERS CONFECTIONERS AND GROCER |
| Reverse description | Bust of Maori warrior |
| Reverse script | Latin |
| Reverse lettering | ONE PENNY TOKEN |
| Edge | Smooth |
| Mint | |
| Mintage |
ND - - 2 |
| Numisquare ID | 2074964140 |
| Additional information |
Historical Context: This 1 Penny token originates from New Zealand during the mid-to-late 19th century, an era dominated by Queen Victoria's reign. The issuance of private trade tokens was a direct response to the chronic shortage of official small change in the burgeoning colonial economy. Merchants, including the "Wholesale and Retail Bakers Confectioners and Grocers," issued these tokens to facilitate commerce and provide necessary circulating currency. The 'mule' designation indicates that this particular token was struck using two dies not originally intended to be paired, a pragmatic manufacturing choice reflecting the ad-hoc nature of private token production at the time, often combining stock dies with custom ones.
Artistry: The engraver for this specific token is generally unrecorded, a common circumstance for many private trade issues of the period. However, the stylistic school is distinctly Victorian commercial, prioritizing clear legibility and issuer identification over elaborate artistic flourishes. The design typically features the full business name and trade on one side, often surrounded by a simple border or wreath. The reverse, being a mule, would feature a mismatched die, possibly a generic 'Penny' denomination or another stock design from the die-sinker's inventory. The overall aesthetic is utilitarian, designed for practical circulation rather than intricate numismatic artistry.
Technical/Grading: Struck in copper, this token (R#597) exhibits characteristics typical of privately minted issues. Key high-points susceptible to wear include the raised lettering of the issuer's name and trade, any central motifs, and the outer rim. A well-preserved example will display sharp, complete legends and clear details on both the specific business side and the mismatched mule die. Technical strike qualities can vary, but optimal strikes show even pressure across both dies, resulting in full details without weakness on opposing high-relief areas. Minor planchet imperfections are not uncommon for these utilitarian pieces.