token; trade 1 penny (Australia)

Production date
1857
 Description
One penny trade token from the Australian Tea Mart, Sydney (Hanks and Company). On the obverse is the inscription "AUSTRALIAN TEA MART SYDNEY" with "HANKS AND COMPY" in the centre. The reverse shows the Arms of New South Wales with "PEACE & PLENTY" above and the date of issue below. On the ribbon below the Arm is "ADVANCE AUSTRALIA". It was minted by W.J Taylor of London.

John G Hanks joined William Lloyd to open a business in 1853, they traded as the Australian Tea Mart. The partnership dissolved in 1857 when Hanks took over the business and it became Hanks & Co.

These tokens were part of a system of unofficial currency in the Australian colonies due to a currency shortage in spurred on by the gold rushes and population growth. The token were usually penny and halfpenny in value and were minted in Australia and Britain.
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Object detail

Department
Object
Production date
1857
Production place
London/Greater London/England
Signature & date
Embossed on the obverse is " AUSTRALIAN TEA MART SYDNEY HANKS AND COMPY" On the reverse is "PEACE & PLENTY 1857 ADVANCE AUSTRALIA".
Associated date
1857
Associated place
Sydney/Australia
Measurement type, part and reading
Dimensions:0 - Whole:Dia 3.4cm (Dia 1 5/16")
Accession number
1977-040-003

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