-
Inventory:
1 In Stock
- Product ID: 36351
Checkout
The Australia Penny Trade Token 1874 United Service Hotel KM#Tn67 VF+ provides a captivating glimpse into the vibrant commercial life of Australia during the late 19th century. This particular token was issued by the United Service Hotel, a prominent establishment in Melbourne, known for catering to both local patrons and visitors. The issuance of such tokens was a common practice among businesses to facilitate trade and commerce at a time when there was a significant shortage of small denomination currency issued by the government.
The design of the token is both functional and promotional. The obverse prominently features the name and location of the United Service Hotel, effectively serving both as a medium of exchange and an advertisement for the hotel. The intricacy of the design reflects a high level of craftsmanship, with detailed engraving that adds to the token’s aesthetic appeal. The reverse of the token displays the denomination, 'One Penny', surrounded by an ornate design that enhances its visual appeal and ensures its acceptance in trade.
The mintage of the 1874 United Service Hotel penny token was likely limited, as was typical for trade tokens of this period. They were produced in quantities sufficient only to meet the needs of the issuing establishment, which enhances their rarity and collectability today. Tokens like this one are highly sought after by collectors due to their limited production and the specific historical context they represent within Australia’s economic development.
The condition of this token is graded as Very Fine Plus (VF+), indicating that it retains much of its original detail with slight wear on the highest points. For a token that was used as an everyday currency substitute, this level of preservation is notable. The clear visibility of the design details allows collectors and historians to study its features and craftsmanship, which are crucial for understanding its place in the broader context of Australian trade history.
An interesting fact about Australia during the era when this token was circulated is the significant growth of Melbourne as a commercial and cultural hub. In the 1870s, Melbourne was experiencing rapid expansion, fueled by the wealth from the Victorian gold rushes and increased global trade. Establishments like the United Service Hotel thrived in this booming economic environment, and the issuance of trade tokens was a direct response to the vibrant but cash-strapped marketplace of the time.
In conclusion, the Australia Penny Trade Token 1874 United Service Hotel KM#Tn67 VF+ is more than just a piece of historical currency; it is a snapshot of a thriving period in Melbourne’s history. Its design, preservation, and the context of its issuance paint a vivid picture of the challenges and innovations within the Australian economy of the late 19th century. For collectors and historians, it represents a tangible connection to the entrepreneurial spirit and daily life of a past era, making it a valuable and insightful addition to any collection.