Watch List notes:

NIGERIA: AE 1/8 penny, 1858/AH1274, KM-Tn2, Vice-7, MacGregor Laird trading post token, light staining due to improper planchet treatment at mint, some red, Unc, R. Three die varieties exist, variously attributed to Guinea, Gold Coast, Sierra Leone and West Africa. This token, struck in 1858, was intended to circulate at the MacGregor Laird trading posts located along the Niger and Benue rivers. In 1885 this region became the British Protectorate of Nigeria. This is the rarest of the three die varieties, according to Vice.

Estimate: 450-550 USD