Watch List notes:

AUSTRALIA: AE penny token, ND [1863], KM-Tn167.2, Renniks-358, Andrews-366, T. F. Merry & Co., Toowoomba, Queensland, very rare variety with the L of GENERAL over the TS of MERCHANTS on obverse, listed as R7 by Rennik, cleaned long ago, light oxidation, some contact marks, convex reverse, Fine.

Estimate: 250-350 USD