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Token - 1/4 Ounce, Cast, Kangaroo Office, Melbourne, Victoria, Australia, 1853 (1957 Copy) Numismatics Reg. No: NU 33692

Summary:
Gilt, coin replica 1/4 Ounces, by an unknown Melbourne mint. It is a replica of the 1/4 ounce gold coin created for the Kangaroo Office in 1853 by W. J. Taylor of London. It was created in 1957.

W. J. Taylor and his business partners established the Kangaroo Office to take advantage of the explosive economic growth in Australia following the discovery of gold in 1851. They hoped to buy gold at greatly reduced prices from the gold fields and then release it at full value in the form of quarter-ounce, half-ounce, one ounce and two ounce gold coins. However due to the time required to travel between London and Melbourne, once the Kangaroo Office was ready for business in 1854, an increase in the number of British sovereigns, had seen the price of gold rise, and the potential profits for the Kangaroo Office sharply decline. Not deterred, in late 1954 Taylor prepare dies for a series of pattern copper tokens that it was hoped could be produced in Melbourne by the Kangaroo Office for circulation within Australia. It appears that this did not succeed, and in 1855 Taylor began to create shilling and sixpence patterns in silver. However the Kangaroo Office again failed to obtain authority to strike and circulate these silver tokens and in 1857 the Kangaroo Office closed.
Acquisition Information:
Transfer from Melbourne Branch of Royal Mint, 1978
Discipline: Numismatics
Dimensions: 20 mm (Diameter)

More information

Tagged with: gold
Themes this item is part of: Numismatics & Philately Collection, Working Life & Trades Collection, Kangaroo Office Mint, Melbourne, Victoria, 1854-1857, Melbourne Mint, Medal Makers, Victoria, Australia, Deputy Masters of the Melbourne Branch of the Royal Mint, Closure of Melbourne Mint, Melbourne Mint during World War II, Establishment of Melbourne Mint, 1872, Melbourne Mint
Primary Classification: TRADE TOKENS
Secondary Classification: Australia - Victoria
Tertiary Classification: cast copies
Series: Restrikes
DateEra: 1853 AD (1957 AD Copy)
Denomination: 1/4 Ounce
Obverse Description: At centre within circle, Kangaroo standing right, below 1853; around struck into ornate rim, PORT PHILLIP AUSTRALIA
Reverse Description: At centre within circle, 1/4; around above, PURE AUSTRALIAN GOLD; below, QUARTER OUNCE (Bar of weight is horizontal, rev. die cracked - from MoV die)
Edge Description: Plain
Inscriptions: Plain (edge)
At centre within circle, Kangaroo standing right, below 1853; around struck into ornate rim, PORT PHILLIP AUSTRALIA (obverse)
At centre within circle, 1/4; around above, PURE AUSTRALIAN GOLD; below, QUARTER OUNCE (Bar of weight is horizontal, rev. die cracked - from MoV die)(reverse)
Shape: round
Material: Gilt
Issued By: Kangaroo Office (Mint), Melbourne, Victoria, Australia
Mint: Melbourne (Mint)

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