ANTICOSTI ISLAND: 1/8 penny token, 1870, KM-XPn1, Ch-250, helmeted bust in Roman style // denomination 1/8 in wreath, letter A at the top, said to be a pattern for either 1/8 penny or 1/8 dollar, rare in this quality, PCGS graded MS64 BR, R. The attribution seems to originate with the Scott Stamp & Coin Company in 1890. The A on the reverse is thought to be for Anticosti (Île d'Anticosti) and the attribution has been accepted. However, the island was largely uninhabited so that there would seem to be little call for a local coinage. The letter A has also been interpreted as the mint mark of the Paris Mint, but it appears too large to serve this function. It has been argued that the tokens were struck in New York by Lovett using dies intended for a Honduras coinage of 1/8th real presumably between 1870 and 1890 (there are marks on the obverse suggestive of rusting on the dies). The die work is not of high quality and seems unlikely to be from a major mint.
Estimate: 200-300 USD