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Stephen Album Rare Coins
Online Auction 19  20-21 Mar 2023
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Lot 1439

Starting price: 50 USD
Price realized: 75 USD
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CEYLON: AE token, 1859, Pridmore-88, 29m brass token issued by A & B SCOTT & CO / COLOMBO, stag's head on a scroll bar at center // COFFEE STORE / 1859, elephant facing left standing on scroll bar, VF. A Brass Token struck in Birmingham in 1859 for company Alex & Binney Scott founded around 1854 for use in the Borella Mills. These tokens were valued at 6 pence until the currency reform of 1870, then re-valued to 25 cents. This is probably the first Coffee token minted with a date of issue. Founded around 1854 the firm Alex & Binney Scott held the important agency for the Chartered Bank of India, Australia and China, one of the earliest banks to establish an agency in Colombo. The token was struck by Ralph Heaton & Sons, Birmingham, and was used in the Borella Mills. The firm merged back with the parent firm Alston Scott & Co in 1871 and the mill sold to Carson Morris & Co was pulled down in 1883.

Estimate: 75-100 USD
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