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Baldwin & Sons
Auction 102  4 October 2016
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Lot 2302

Estimate: 100 GBP
Price realized: 160 GBP
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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, Copper Penny, 1787, obv Druid's head left within thick oak wreath, two inner leaves over head between acorns, acorn in centre of wreath one leaf below line of mouth, acorn at point of hood, two acorns at tie, above the ribbon, rev P M Co cypher, 1787, WE PROMISE TO PAY THE BEARER ONE PENNY around, long-topped P of PMCo terminates to right of first ascending stroke of M, straight 1 and 7, 1 to right of second limb of second N of PENNY, edge ON DEMAND IN LONDON LIVERPOOL OR ANGLESEY (D&H Anglesey 60, this token illustrated). Rim bruises, otherwise fair with red casting wax adhering, exceedingly rare.

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
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