Watch List notes:

New Zealand. Milner & Thompson. 1881. Æ penny token (32 mm, 10.75 g). Angel head and wings above musical instruments within 3/4 wreath / Bust of tattooed warrior with spear and shield 3/4 right. KM Tn48. Varnish applied, othewise brilliant uncirculated. 

From the Estate of Benjamin R. Bell.