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Token - 1 Penny, Cast, Hanks & Co, Australian Tea Mart, Sydney, New South Wales, Australia, 1857 Numismatics Reg. No: NU 18877

Summary:
Brass One Penny Cast Token, possibly created by Whitty, circa 1857. Based on Penny Token issued by Hanks & Co, Australian Tea Mart, Sydney. Cast trade tokens are probably best all considered counterfeits. Exceptions might be cast examples of the Whitty & Brown trade tokens. Whitty was a brass founder, Brown and engraver. After dissolution of their partnership, Whitty continued to produce crudely cast pieces which were accepted as currency equally with struck tokens "the public being not in the least particular"' Dr. Mark Long. Spinks' Numismatic Circular Sept. 1898 - as quoted in Heyde p. 85.

J.G. Hanks joined A. Lloyd to open a business in 1855. In 1858 the company had changed name, becoming Hanks & Co. It seems that Lloyd was still participating in the business, but he had always been the junior partner. In 1861 the founder's son, John L. Hanks, opened another 'Tea and Coffee Merchants' business trading as J. G. Hanks & Co. The junior Hanks' business endured until almost the end of the nineteenth century. J.G. Hanks left his original business in 1863 and joined his son's enterprise.
Description:
A crude cast copy of the Hanks &Co. token penny in brass . It is round, 33 mm diameter, 1 mm smaller than the originals, and bears a coat of arms.
Acquisition Information:
Transfer from National Gallery of Victoria (NGV), 1976
Discipline: Numismatics
Dimensions: 33 mm (Diameter)
Weight: 13.50 g (Weight)

More information

Tagged with: counterfeits, retailing, shops, tea
Themes this item is part of: Hanks & Co., Tea & Coffee Merchants, Sydney, New South Wales, Numismatics & Philately Collection, Sustainable Futures Collection, Working Life & Trades Collection, Alfred Chitty Collection
Primary Classification: TRADE TOKENS
Secondary Classification: Australia - New South Wales
Tertiary Classification: circulating casts
Series: Trade Tokens
DateEra: 1857 AD
Denomination: 1 Penny
Obverse Description: At centre, HANKS / AND / COMPY; around, AUSTRALIAN TEA MART . SYDNEY .
Reverse Description: Arms of New South Wales; above, PEACE & PLENTY; below, 1857
on ribbon below Arms, ADVANCE AUSTRALIA
Edge Description: Plain
Inscriptions: Obverse: HANKS AND COMPY. AUSTRALIAN TEA MART SYDNEY
Reverse: PEACE & PLENTY 1857
Shape: round
Material: Brass
Issued By: Hanks & Compy., Sydney, New South Wales, Australia
Mint: Whitty (Mint)
Previous Collection: Mr Alfred Chitty
References: May, T. "Tokens of George Street." Australian Numismatist. 1988 (Special Bicentennial Edition):pp21-36; -Samson's National Directory of New South Wales for 1867-1868; -Advertisement. The Sydney Morning Herald. 27 April 1857: p.1; -Advertisement. The Sydney Morning Herald. 8 June 1854: p.1; -Andrews, A. Australian Tokens and Coins. 1921: p.16; -Advertisement. Sydney Morning Herald. 14 May 1861: p.6; -May, T. The Sydney Firm of Hanks and Lloyd, and its associated variations. Unpublished MSS. 2005. 3pps.

Cast trade tokens are probably best all considered counterfeits. Exceptions might be cast examples of the Whitty & Brown trade tokens - 'Whitty was a brass founder, Brown and engraver. After dissolution of their partnership, Whitty continued to produce crudely cast pieces which were accepted as currency equally with struck tokens "the public being not in the least particular"' Dr. Mark Long. Spinks' Numismatic Circular Sept. 1898 - as quoted in Heyde p. 85.
The Advance Australia type by Whitty & Brown was copied from an anonymous W.J.Taylor of London issue and occurs both struck and cast. How one should classify a cast example of an unauthorised copy of an anonymous unofficial trade token is interesting.
Bibliography:
  1. [Book], Dion Skinner - Renniks & Co Pty Ltd, Gilbert Heyde, Unofficial Coins of Colonial Australia and New Zealand, 1967, No. 93
  2. [Book], Dr Arthur Andrews, Australasian Tokens and Coins, Trustees of the Mitchell Library, Sydney, Sydney, 1921, No. 184

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