4 Pence - Hindmarsh Hotel Adelaide, South Australia

Adelaide's early colonial economy ran on a chaotic mix of private tokens issued by merchants, hotels, and tradesmen — the copper shortage of the 1840s and 1850s left the colony with virtually no reliable small change from official sources. The Hindmarsh Hotel token is among the more peculiar survivors of that period: a four-pence denomination was an unusual choice, sitting awkwardly between the common penny and sixpence issues favored by most South Australian issuers.

Andrews #248 places it within a well-documented but thinly surviving series. Genuine examples are distinguished from later restrike pieces by die wear consistent with actual circulation.