© Powell
© Powell
1 Penny Montgomeryshire - Glanclywedog Factory
1813 year| Copper | 18.5 g | 34.2 mm |
| Issuer | United Kingdom (United Kingdom, British Overseas Territories and Crown Dependencies) |
|---|---|
| Type | Token |
| Year | 1813 |
| Value | 1 Penny (1⁄240) |
| Currency | Currency tokens (1798-1816) |
| Composition | Copper |
| Weight | 18.5 g |
| Diameter | 34.2 mm |
| Thickness | 2.4 mm |
| Shape | Round |
| Technique | Milled |
| Demonetized | Yes |
| Updated | 2024-10-09 |
| Numista | N#104147 |
|---|---|
| Rarity index | 94% |
Reverse
Denomination within inner circle, legend around
Script: Latin
Lettering:
ONE POUND NOTE FOR 240 TOKENS ·
ONE
PENNY
TOKEN
Engraver: Thomas Halliday
Edge
Diagonally reeded
Comment
The Glanclywedog Factory was a flannel factory on the left bank of the Clywedog river a very short distance outside Llanidloes and was not without importance in the industrial development of North Wales. These pennies were issued by Charles Cole partly to make up the wages of his work people (although difficult to calculate since payment was for piece work, perhaps on average 5 to 7 shillings a week) and partly to meet the general shortage of copper coin in the Llanidloes district. They are thought to have circulated freely in the neighbourhood until their recall three years before Cole's death in 1821.http://www.britnumsoc.org/publications/Digital%20BNJ/pdfs/1965_BNJ_34_20.pdf
Interesting fact
One interesting fact about the Token 1 Penny (Montgomeryshire - Glanclywedog Factory) 1813 from United Kingdom is that it was issued during a time when there was a severe shortage of official currency in circulation, leading to the use of private token coins like this one as a means of exchange.
