1 Penny Somerset / Taunton - Cox's Iron Foundry ND
| Copper | 19.5 g | 34.4 mm |
| Issuer | United Kingdom (United Kingdom, British Overseas Territories and Crown Dependencies) |
|---|---|
| Type | Token |
| Years | 1811-1815 |
| Value | 1 Penny (1⁄240) |
| Currency | Currency tokens (1798-1816) |
| Composition | Copper |
| Weight | 19.5 g |
| Diameter | 34.4 mm |
| Thickness | 2.5 mm |
| Shape | Round |
| Technique | Milled |
| Demonetized | Yes |
| Updated | 2024-10-09 |
| Numista | N#218421 |
|---|---|
| Rarity index | 90% |
Reverse
Lettering across four horizontal lines, legend around.
Script: Latin
Lettering:
PAYABLE AT MESSrs COX'S
IRON FOUNDRY
A POUND
NOTE
FOR 240
TOKENS
Edge
Centre-grained
Comment
These were issued by William Cox who had a very successful ironmongery business in Tancred St., Taunton, Somerset.Interesting fact
One interesting fact about the Token 1 Penny (Somerset / Taunton - Cox's Iron Foundry) ND (1811-1815) coin is that it was issued during a time when there was a severe shortage of official coinage in circulation, particularly in rural areas. To address this issue, many private companies and individuals, such as Cox's Iron Foundry, began minting their own coins, known as tokens, to serve as a substitute for official currency. These tokens were widely accepted and used in local trade, and they provide a unique insight into the economic and social history of the time.
