Watch List notes:

BRITISH 18TH CENTURY TOKENS, ENGLAND, William Lutwyche, (1754-1801), toymaker, later token manufacturer, Temple Row and St Philip churchyard, Copper Halfpenny mule (2), obv caduceus leaning on bale of goods, LEEK COMMERCIAL HALFPENNY 1793, top of caduceus points to first limb of R of COMMERCIAL, base of caduceus points to 3 of date, square 1, small 3 in date, rev figure of Justice, FOR CHANGE NOT FRAUD, 1794 in exergue, edge PAYABLE BY THOMAS BALL SLEAFORD (Atkins p.182, 13; D&H Staffordshire 16); edge plain (Conder p.139, 3; Virt p.101; Atkins p.182, 13a; D&H Staffordshire 16a). First good extremely fine with a little faded colour remaining, very rare, second better than extremely fine. (2)

D&H 16a ex Jan Collection
Lutwyche was active in the production of tokens from 1791 until 1801 and seems to have had more individual commissions for than any other manufacturer. His output of more than 65 tons of "legitimate provincial coins" was exceeded only by that of Thomas Williams, the consortium of Westwood and Hancock, and that of Matthew Boulton. He frequently combined dies then in his possession to produce various mules, concocted numerous specious issues, and has been attributed with manufacturing the bulk of evasions and lightweight coppers that appeared toward the end of the 18th Century

Estimate: £100-150