Watch List notes:

Dorsetshire. Swanage. Æ. 19.15 gm. 34 mm. 1785. SWANAGE | FRIENDLY | SOCIETY | 1785 / VALUE | TWO | PENCE Engrailed edge. Davis and Waters 191/714 (R.R.R.) (Missing in the Montague Guest Collection). Choice Extremely Fine; substantial original red. Extremely rare.Ex Cokayne: Purchased at a Glen's sale, 17/12/19, lot 59 (tag in Cokayne's hand).The 1875 register for Dorset lists the Swanage Friendly Society as headquartered at the Swan Inn, Swanage. The register dates the establishment of the Society as 1830, long after the issue of this token. Swanage is a coastal town in southeast Dorset. A "friendly society" is much like an American credit union in its structure and purpose.