Birmingham, Thomas Welch, Penny, 1799, from the same obv. die as previous, rev. fasces and olive
branch above, PROMISSORY PENNY TOKEN ISSUED BY THOMAS WELCH SECOND TROOP 1799,
edge plain, 34mm/25.79gm. (DH 28b), good Extremely Fine with attractive reflective toning, extremely rare –
reportedly only 24 struck.
Ex. T.A. Jan Col., Part II, via Spink's 35, 11 Apr. 1984, lot 92; Ex. D.B. Griffiths Col. [bought J.A. Bobbe July 1998]; Ex. The late Robinson S. Brown Jr. Col. of 18th Century Tokens (Part III), via DNW 5 Oct. 2011, lot 806.