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Australia penny Peace & Plenty 1862
Catalogue information
LastDodo number
5450351
Area
Tokens / Medals
Title
Australia penny Peace & Plenty 1862
Type
Publisher
Value
Country
Year
1862
Collection / set
Material
Weight
Variety / overstrike
Obverse
New South Wales
Reverse
Peace And Plenty . Sydney . N.S.W
Privy mark
Mint mark
Designer
Engraver
Dimensions / Diameter
34
Number
Details
The token coinage of New South Wales was an integral part of the token issues of the Australasian Colonies, and like them, circulated freely without regard for Colonial boundaries. Many of these tokens were of local manufacture, but others, and generally of superior workmanship, were imported from England in large quantities.
The first dated tokens to be issued in New South Wales were pennies and halfpennies for Peek and CampbellÂ?s Tea Store, Sydney, and thereafter the use of tokens spread rapidly throughout the Colony. By 1862 enormous number were in circulation, but were gradually being replaced by the more popular Imperial bronze coins which were becoming available in ever increasing quantities. In 1868 the situation had so improved that it was possible to declare the use of tokens to be illegal within New South Wales; and after 1877, to exchange them, in bulk, only at scrap metal prices.