Australia Australia 1 penny, ND (1862)

1. Introduction: The Australia 1 penny ND (1862) coin holds a significant place in numismatic history, representing a bygone era of token coinage in Australia. This copper coin carries the legacy of William Andrew Jarvey, a prominent figure in Hobart Town known for his pawnbroking and clothing business.
2. Historical Background: Issued during the token coinage period from 1823 to 1874, this 1 penny coin served as a practical solution to the shortage of small denomination currency in Australia at the time. William Andrew Jarvey's issuance of these tokens facilitated local trade and commerce, making them essential pieces of Australia's monetary history.
3. Design Features: The obverse of the coin features the inscription "HOBART TOWN / PAWNBROKER AND GENERAL CLOTHIER / WILLIAM ANDREW JARVEY," highlighting Jarvey's dual business roles. On the reverse, the coin reads "ONE PENNY TOKEN / PAYABLE AT W.A. JARVEY'S MURRAY STREET," emphasizing the coin's value and redeemability at Jarvey's establishment.
4. Technical Specifications: This Australia 1 penny coin has a diameter of 33.00mm and is composed of copper, providing durability and a distinctive appearance. The coin's weight, edge design, and any additional technical details further enhance its numismatic appeal.
5. Collectible Value: Due to its historical significance and limited mintage, the Australia 1 penny ND (1862) coin holds considerable collectible value among numismatists and coin enthusiasts. Its rarity level, market demand, and overall condition play crucial roles in determining its monetary worth and desirability as a collectible piece.
6. Conclusion: In conclusion, the Australia 1 penny ND (1862) copper coin stands as a testament to Australia's numismatic heritage and the entrepreneurial spirit of individuals like William Andrew Jarvey. Its unique design, historical background, and collectible value make it a prized addition to any coin collection, preserving a tangible link to Australia's past economic landscape. By delving into the intricate details and significance of the Australia 1 penny ND (1862) coin, collectors and enthusiasts alike can appreciate the rich history encapsulated within this small but remarkable piece of Australian numismatic history.

Coin Images

Obverse

Reverse