Description

    Undated Waterhouse Token, AU58
    Elusive Hawaiian Issue, Medcalf 2TE-1

    (1860) TOKEN Waterhouse AU58 PCGS. Medcalf 2TE-1. Obverse: bust of King Kamehameha III, HIS MAJESTY KAMEHAMEHA IV around. Reverse: beehive in center, JOHN THOMAS WATERHOUSE IMPORTER HALE MAIKAI, struck in white metal with a reeded edge, 34 mm.

    John T. Waterhouse owned two stores in Honolulu (established 1851) and had these tokens struck bearing the bust of Kamehameha III, but with the inscription to Kamehameha IV. The date of issue is uncertain, but they were probably designed during the reign of Kamehameha III and actually struck after the crown passed to his nephew, Kamehameha IV in 1855. Medcalf notes:

    "...the Waterhouse token is scarce, very much in demand and virtually impossible to find above EF condition. It contains a large proportion of tin or lead, resulting in a soft alloy, susceptible to damage."


    The present coin is a well-detailed near-Mint example, with the usually seen flattening of the nose on the bust. The lavender-gray surfaces show a few minor abrasions and retain traces of original mint luster. Population: 1 in 58, 2 finer (12/14). (NGC ID# 2UBK, PCGS# 600500)


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

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    Auction Dates
    January, 2015
    7th-12th Wednesday-Monday
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