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Token: New Zealand Willam Pratt Penny  1854
Token: New Zealand Willam Pratt Penny 1854

Congratulations, Marcus, you have a valuable penny token from New Zealand. Britain's Captain Cook surveyed the islands of New Zealand during the mid-1700s. In 1840 the Brits made a treaty with the native chiefs and white men arrived in droves. There was a massive shortage of government-issued British money, so merchants started to produce their own in 1857. A total of 147 varieties of these fascinating tokens were produced from 10 different cities, including Auckland, Christchurch, Wellington, and Dunedin.

Most merchants issued pennies and half pennies:

PENNY: about 33 mm diameter
HALF PENNY: about 28 mm diameter

The Pratt issue here is a penny-only token.

Collectors today search for New Zealand tokens with a vengeance. It would be a formidable numismatic challenge to assemble a complete set of all varieties.

Recent catalogs show the WILLIAM PRATT penny with very respectable catalog values. However, we have checked actual auction results and the catalogs are a little optimistic: Pratt tokens usually sell for more than the catalogs indicate. The pictured token comes from Baldwins in London where it sold for $480 US dollars during a 2011 auction. CoinQuest thanks Baldwins for use of their coin photo.

Approximately:

worn: $300 US dollars approximate catalog value
average circulated: $800
well preserved: $1500

To convert these catalog values to actual buy and sell values, consult our Important Terminology page.

Coin: 21605 , Genre: Tokens
Requested by: marcus, Fri, 21-Oct-2016 21:06:00 GMT
Answered by: Paul, Fri, 21-Oct-2016 21:23:49 GMT
Requester description: 1854 Plain token DUNSTABLE HOUSE CHRISTCHURCH established 1854 Cashel Street WILLIAM PRATT direct importer of every descirption of linen drapery and clothing
Tags: token new zealand penny cent tokens toke peny cents pennys pennies house street william importer drapery houses cabin hut willaim willeim guliflmus gvlielmvs guilemus gulielmus gulilmus guilelmus guliemos curtains curtain

  

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Fri, 02-Dec-2016 19:50:18 GMT, unknown: 10821000