Colonials
1694 1/2 P Carolina Elephant Token, PROPRIETORS, Hodder 2-F, W-12120, R.6, VF35 PCGS. Collectors have three basic types of Elephant tokens to acquire: the London tokens, Carolina tokens, and New England variety. The first is plentiful with several hundred known, the second is rare with 30 to 40 known, and the third is extremely rare with just three confirmed examples. Although struck in England, the Carolina and New England pieces have an American connection.
When Michael Hodder prepared his die study of the Elephant tokens for the Norweb catalogs published 30 years ago, he assigned different die notations for the two Carolina varieties, although they are technically the same die. An O was punched over the E in PROPRIETORS to correct the spelling error. This piece has lovely walnut-brown surfaces with splashes of maroon. The surfaces are microscopically granular, having no affect on the overall quality of this important piece. Listed on page 49 of the 2017 Guide Book.