18th Century British Trade Tokens

Cheshire, Macclesfield, Roe & Co, mule Penny, 1788, bust of Charles Roe right, rev. pm co cypher, edge we promise to pay the bearer one penny, 19.10g/11h (DH 75, this piece). Very fine and of the highest rarity; believed to be the only known specimen £500-700

This lot was sold as part of a special collection, Tokens from the Late David Griffiths Collection.

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Provenance: W.J. Davis Collection, Sotheby Auction, 11-15 March 1901, lot 18; S.H. Hamer Collection, Glendining Auction, 26-8 November 1930, lot 45; J. Spingarn Collection; R.S. Brown Jr Collection, Part I, DNW Auction T7, 7 October 2009, lot 80 [from J.S. May 1998].

This piece, described by Waters as a workman’s freak, was first recorded by Davis in SNC December 1900, col. 4331. See also lot 159 for another mule struck from this rev. die

The last sentence of the footnote should read Lot 111, not 159