Watch List notes:

BRITISH 18th CENTURY TOKENS, Matthew Denton, Silver Penny mule, struck over a Louis XIV 34-Sols de Strasbourg, obv three swords in a shield between sprigs, 1797 above, PAYABLE IN MIDDLESEX . around, rev oval shield between four flags labelled POLAND, FRANCE, AMERICA and HOLLAND, and dividing the date 1792, UNITE & BE FREE TO PERSERVERE IS TO CONQUER around, edge undetermined (not listed in D&H; see Davisson p.viii as Middlesex 174bis). Fine or better, darkly toned, perhaps used as a pocket piece, unique.
ex F S Cokayne Collection, acquired from the Lincoln "No. 1" Collection, 17 January 1935, for 84/
Struck from the reverse die used for Denton's 'Swan' Penny (D&H Middlesex 175) and the reverse die used for a Sheffield Constitutional Society token (D&H Yorkshire 61)

Estimate: £500-700