Warwickshire 28b (RR). Thomas Welch, private token. 1799. Copper penny. 25.32 gm. 32 mm. Designed by Hancock Jr. Manufactured by Kempson. 24 struck. A mounted yeoman on a horse galloping left; WARWICKSHIRE YEOMANRY around above followed by HANCOCK in small letters and inverted; ENROLLED JUNE 25 1794 below / PROMISSORY | PENNY TOKEN | ISSUED BY | THOMAS WELCH | SECOND TROOP | 1799. Plain edge. Uncirculated; even brown tone over fresh surfaces, traces of luster at the edges; very rare and choice; auction records reveal that many examples of this very limited-issue piece are in mishandled condition making choice examples particularly scarce.

The Mike Sussman Collection of British Trade Tokens.

Welch was a collector and this was his personal issue. Waters notes that Welch's collection was such that Charles Pye used it as the basis for his 1801 catalog of the series.