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    Description

    1694 Carolina Elephant Token, VF20
    Hodder 2-F, PROPRIETORS Spelling

    1694 Carolina Elephant Token, PROPRIETORS, VF20 NGC. Betts-79, Hodder 2-F, W-12120, R.6. The first four varieties of Elephant tokens reference London, but the final three have legends related to Carolina or New England; those are the varieties most coveted by early American specialists, and they are rare to very rare. The present example shows the corrected spelling of PROPRIETORS. Many studies have examined whether these pieces are truly part of the U.S. colonial coinage with which they have been traditionally included. R. Neil Fulghum's extensive 2003 article, "The Hunt for Carolina Elephants," connects the legends on the New England and Carolina tokens with the eponymous 17th century London coffee houses located near both the newly formed Bank of England and the London Exchange (at which there were "Merchant's Walks" designated "New England" and "Carolina"). One of the Lords Proprietors colonizing Carolina, or a representative, held weekly presentations at the Carolina Coffee House encouraging emigration. These tokens may have served to generate publicity. Additionally, that establishment served as a repository for letters from the Carolina colony, providing a conduit for the exchange of information from distant America. As such, this token has a rightful place in American colonial numismatics. This example displays considerable wear but has smooth surfaces. Wisps of amber color accent otherwise chestnut-brown surfaces. The elephant is boldly outlined, and most of the reverse legend is readable, including the date, on this fascinating piece. With the recent weakness in values surrounding these issues, now might be an opportune time to consider acquiring this rarity. Listed on page 49 of the 2021 Guide Book.
    Ex: Donald G. Partrick.

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


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    Auction Info

    Auction Dates
    April, 2021
    22nd-25th Thursday-Sunday
    Bids + Registered Phone Bidders: 17
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