Heritage World Coin Auctions
Monthly Auction 61158 5 Jul 2020
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Canada
Magdalen Island Penny Token 1815 MS63 Brown NGC, KM-Tn1, Br-520 (R2-1/2), LC-1, Robins-29196. Engrailed edge. Medal alignment. An exceedingly handsome example of this instantly recognizable and highly coveted token type, which simply never becomes much available in Mint State at all, let alone so choice. For comparison, a similar graded piece brought $7200 in our last Doug Robins sale.
Shortly after he had placed his beautiful tokens in circulation, Sir Isaac Coffin was informed by the Crown that they were illegal, so, they were gathered up and sold in Halifax. There (and possibly in other provinces) the tokens circulated to a considerable degree and are now seldom encountered in better than Fine condition. Mint state business strikes are rare and tend to bring higher prices than comparable Specimen strikes.
From the Doug Robins Collection of Canadian Tokens, Part II
https://coins.ha.com/itm/canada/magdalen-island/canada-magdalen-island-penny-token-1815-ms63-brown-ngc-/a/61158-98180.s?type=CoinArchives61158
HID02906262019
© 2020 Heritage Auctions | All Rights Reserved
Estimate: 2500-3500 USD
Magdalen Island Penny Token 1815 MS63 Brown NGC, KM-Tn1, Br-520 (R2-1/2), LC-1, Robins-29196. Engrailed edge. Medal alignment. An exceedingly handsome example of this instantly recognizable and highly coveted token type, which simply never becomes much available in Mint State at all, let alone so choice. For comparison, a similar graded piece brought $7200 in our last Doug Robins sale.
Shortly after he had placed his beautiful tokens in circulation, Sir Isaac Coffin was informed by the Crown that they were illegal, so, they were gathered up and sold in Halifax. There (and possibly in other provinces) the tokens circulated to a considerable degree and are now seldom encountered in better than Fine condition. Mint state business strikes are rare and tend to bring higher prices than comparable Specimen strikes.
From the Doug Robins Collection of Canadian Tokens, Part II
https://coins.ha.com/itm/canada/magdalen-island/canada-magdalen-island-penny-token-1815-ms63-brown-ngc-/a/61158-98180.s?type=CoinArchives61158
HID02906262019
© 2020 Heritage Auctions | All Rights Reserved
Estimate: 2500-3500 USD