(1694) TOKEN London Elephant Token, Diagonals MS61 Brown NGC....
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|Auction Ended On:||Jan 8, 2009|
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Orange County Convention Center
London Elephant Token
Breen-185, Single Finest Certified
Most survivors of this variety are softly defined at the centers due to a combination of strike and wear, and the all-important diagonals are faint. On the present piece, however, the diagonals are fully defined, and delicate die polish marks are visible within the shield near the diagonals.
Elephant tokens are important to an Early American Collection because of the very rare varieties that reference Carolina or New England within the reverse legends. The obverse of the Diagonals variety also struck the PROPRIETERS Carolina variety. The extremely rare New England variety shares an obverse die with the 'common' Hodder 2-B London variety.
As of (11/08), NGC and PCGS combined have certified only five examples of the Diagonals variety. The present piece is the single finest certified by either service, and is also the sole Diagonals token certified as Mint State. A search of our records indicates that just two other examples have appeared in a Heritage auction: a PCGS AU50 that brought $25,300 as lot 14 in our June 2006 Long Beach Signature, and an NGC XF40 that realized $7,475 in our September 2005 Long Beach Signature. Listed on page 44 of the 2009 Guide Book.
Ex: FUN Signature (Heritage, 1/2007), lot 722, which realized $69,000. (PCGS# 61)
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