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The Australia One Penny Token issued by Hide & De Carle in 1857, catalogued as Tn#104 and graded VF (Very Fine), represents a unique piece of the numismatic history of colonial Australia. Hide & De Carle was a notable grocery and general merchandise firm based in Melbourne during a pivotal time in Victoria's economic development, marked by the gold rush era. Like many businesses of the time, they issued their own currency to cope with the persistent shortage of official coinage.
The design of this token reflects its dual purpose as a medium of exchange and a promotional tool. The obverse features the company name "Hide & De Carle" along with their business description "Grocers &c Melbourne," effectively advertising the firm every time the token was exchanged. The reverse showcases the denomination "One Penny" encircled by a detailed and ornate wreath, which adds an aesthetic value while also mimicking the style of official currency to ensure public confidence in its worth.
The mintage of the Hide & De Carle one penny token was limited, reflecting the bespoke nature of these tokens which were typically commissioned by businesses in response to specific local needs. The limited run of these tokens, coupled with the specific historical context of their production, significantly contributes to their rarity and desirability among collectors today.
The condition of this particular token as VF indicates that it has been circulated but still retains much of its original detail and design. This level of preservation is quite good considering the age and the copper material of the token, which is prone to wear and environmental damage. The visibility of the inscriptions and design details allows for historical study and appreciation of the craftsmanship involved in its creation.
An interesting fact about the period when this token was produced is the significant economic and population growth in Melbourne, fueled by the Victorian gold rush. This era saw a booming economy but also posed challenges like the small change shortage that these tokens aimed to alleviate. The use of such tokens provides insight into the ingenuity of businesses adapting to a rapidly changing economic landscape and the practical solutions they employed to maintain commercial activities.
In conclusion, the Australia One Penny Token Hide & De Carle 1857 Tn#104 VF is more than just a collector's item; it is a tangible link to the economic history of mid-19th century Victoria. Its design, historical significance, and the context of its issuance during a time of economic upheaval provide a deeper understanding of the challenges and innovations of the era. This token not only highlights the entrepreneurial spirit of the period but also serves as a testament to the resourcefulness of businesses in historical Melbourne.