BRITISH 18TH CENTURY TOKENS, WALES, Parys Mine Company,Thomas Williams, (1737-1802), attorney and businessman, part owner and managing partner of the Parys and Mona Mine Companies of Anglesey, Gilt-copper Penny, 1787, obv Druid's head left within thin oak wreath, twenty-two acorns in wreath, rev P M Co cypher, 1787 above, WE PROMISE TO PAY THE BEARER ONE PENNY around, long-topped P of PMCo terminates to right of first ascending stroke of the M, straight 1 and curved 7, 1 aligns under second limb of second N of PENNY, edge ON DEMAND IN LONDON LIVERPOOL OR ANGLESEY (Conder p.1, 3; Pye p.1, 3; Atkins p.264, 9; D&H Anglesey 11). The gilding worn thin, otherwise nearly extremely fine.
Williams effectively gained control of the entire operations of the Parys Mountain and, later, the Cornish Metal Company, giving him a near monopoly over the development and production of copper and the copper trade in Great Britain.
Estimate: £100-150