1 Penny - Robert Hyde and Co. (Melbourne, Victoria) 1857-1861 front 1 Penny - Robert Hyde and Co. (Melbourne, Victoria) 1857-1861 back
1 Penny - Robert Hyde and Co. (Melbourne, Victoria) 1857-1861 photo
© Heritage Auctions

1 Penny - Robert Hyde and Co. Melbourne, Victoria

 
Copper 14.5 g 34 mm
Description
Issuer
Victoria (Australian States)
Type
Token
Years
1857-1861
Value
1 Penny (1⁄240)
Currency
Pound sterling (1788-1900)
Composition
Copper
Weight
14.5 g
Diameter
34 mm
Thickness
2 mm
Shape
Round
Technique
Milled
Orientation
Medal alignment ↑↑
Demonetized
Yes
Updated
2024-10-04
References
Numista
N#26434
Rarity index
82%

Reverse

Coat of Arms

Script: Latin

Lettering:
PEACE & PLENTY
ADVANCE AUSTRALIA
1861

Edge

Plain

Interesting fact

One interesting fact about the Token 1 Penny - Robert Hyde and Co. (Melbourne, Victoria) 1857-1861 from Victoria (Australian States) made of Copper weighing 14.5g is that it was used as a form of currency during a time when there was a shortage of official currency in Victoria. The coin was issued by Robert Hyde and Co., a private company, and was accepted as legal tender by many merchants in Melbourne. This coin is a rare example of a privately issued currency that was used in a country that was still a British colony at the time.