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Description

1694 Carolina Elephant Token, AU50
Rare PROPRIETORS Variety, W-12120

1694 1/2 P Carolina Elephant Token, PROPRIETORS, AU50 NGC. Betts-79, Hodder 2-F, W-12120, R.6. Ex: Long Island Collection. John Roettiers, Chief Engraver for the British Royal Mint, is credited with the pachyderm punch for the Elephant token series. R. Neil Fulghum suggested in a 2003 article that the Carolina and New England tokens reference London coffee houses. But NEW ENGLAND is a familiar legend on Boston Mint silver. Ultimately, the maker and purpose of the series are unknown. This is an exceptional example of the rare and important Carolina variety with the second O entered over an E in PROPRIETORS. NGC has certified only five examples, with the present piece as second finest, ahead of three VF examples (8/25). A minor edge flaw (as made) is at 11:30. The cream-gray surfaces are otherwise unblemished. All letters in the reverse legend are clear, unlike often seen. The NGC holder incorrectly asserts the variety as Hodder 1-E, though the W-12120 holder attribution is correct. Listed on page 17 of the 2026 Guide Book.
Ex: Central States Signature (Heritage, 5/2022), lot 3675.

Coin Index Numbers: (NGC ID# 2ATW, PCGS# 73, Greysheet# 13)


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Auction Info

Proxy Bidding Ends 
October
2nd Thursday 12:50 pm CT
Auction Dates
October
2nd-5th Thursday-Sunday
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20 Days 20h 47m 19s
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This lot is in: 1 - Signature® Premier Floor Session - PREMIER (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
(Lots 3001-3238) - 1:00 PM Central Time, Thursday, October 2, 2025.
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