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Lot
3330

1871 12.5C Hawaii Wailuku 12 1/2 Cents VF25 PCGS....

2010 January Orlando, FL FUN US Coin Auction #1136

 
Sold for: Not Sold
Auction Ended On: Jan 8, 2010
Item Activity: 4 Internet/mail/phone bidders
310 page views
Location: Orlando, FL
Description:
Impressive 1871 Wailuku 12 1/2 Cent, VF25
1871 12.5C Hawaii Wailuku 12 1/2 Cents VF25 PCGS. Medcalf 2TE-2. Narrow Starfish. These early Wailuku Plantation tokens were hand made pieces produced at the Plantation blacksmith shop, rather than being coined at a mint. That suggests that they were made by the hammer method, a coin production method that predates the screw press. The result was crude tokens that are rarely found nice today, when they are found at all.
The Wailuku Plantations saw the birth of the sugar industry in Hawaii. Today, the town of Wailuku serves as the seat of government on the island of Maui, as it has since 1905.
This exceptional example has smooth mahogany and olive-brown surfaces with lighter tan on the devices. It was produced on a wonderful planchet, with excellent surfaces today. Some weakness resulted from the strike, but the overall quality appears finer than the Medcalf plate coin. (PCGS# 600503)

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