Summary

Copper One Penny Token, minted by W. J. Taylor, London. Issued by Hanks & Lloyd, Australian Tea Mart, Sydney, 1855.

John G. Hanks joined William Lloyd to open a business in 1853. They traded as Australian Tea Mart. Two years later Hanks and Lloyd received their first tokens, used as commemoratives for the opening of the first Sydney Railway in 1855 - an excellent publicity opportunity.

The partnership was dissolved on 7 Sep 1857 when John Hanks took over the business, which then known as Hanks & Co.

William Fairclough Lloyd then went into partnership with Daniel Lewingdon Lloyd (possibly his cousin), as W.L. & D. L. Lloyd Drapers Grocers Wine and Spirit Merchants Wollongong. It appears to have been short-lived: the Sydney Morning Herald reported on 15 May 1860, p.2, that an Indenture of Assignment (debtor appoints a trustee to take charge of property to pay debts) had been made between William Fairclough Lloyd and Daniel Lewingdon Lloyd, trading as W.F. and D.L. Lloyd, and another party. By October the next year, Lloyd had teamed up with another partner as Metcalfe and Lloyd. Members of the Lloyd family continued in the tea and coffee trade until the 1960s.

Physical Description

A round copper token (34 mm dia) featuring the name, address and business of the issuing company Hanks & Lloyd Sydney Tea Market. Toning is patchy. The Hanks and Lloyd penny token orders employed three obverse and two reverse dies. The reverses are either dated 1855 or 1857 but the obverse die identification is based on the height of the letters in the word SYDNEY, the length of the word HANKS together with the number of border dots. In this case: The obverse has 134 dots around the rim and the letter S in both SYDNEY and HANKS is re-entered - it is from the same die used on the 1855 Hanks & Lloyd issue. The letters in the word SYDNEY are 2.8 mm high and HANKS is 18.0 mm long. The reverse has a border of 135 dots and the P of PEACE almost touches the emu's back - it is from the same die used on the Hanks & Co. 1857 issue see NU3807

Obverse Description

At centre, HANKS / AND / LLOYD; around, AUSTRALIAN TEA MART . SYDNEY .

Reverse Description

Arms of New South Wales; above, PEACE & PLENTY; below, 1857 on ribbon below Arms, ADVANCE AUSTRALIA

Edge Description

Plain

More Information

  • Collection Names

    Alfred Chitty Collection

  • Collecting Areas

    Numismatics & Philately, Sustainable Futures, Working Life & Trades

  • Acquisition Information

    Transfer from National Gallery of Victoria (NGV), Mr Alfred Chitty, 15 Mar 1976

  • Date Issued

    1857 AD

  • Issued By

    Hanks & Lloyd, Sydney, Greater Sydney, New South Wales, Australia, 1855

  • Mint

    W.J.Taylor, Mint, London, England, Great Britain, 1857

  • Previous Collection

    Mr Alfred Chitty

  • Inscriptions

    Obverse: HANKS AND LLOYD AUSTRALIAN TEA MART SYDNEY Reverse: PEACE & PLENTY 1857 ADVANCE AUSTRALIA

  • Denomination

    1 Penny

  • Series

    Trade Tokens

  • Material

    Copper

  • Axis

    12

  • Classification

    Trade tokens, Australia - new south wales, Working strikes

  • Category

    History & Technology

  • Discipline

    Numismatics

  • Type of item

    Object

  • Dimensions

    34 mm (Outside Diameter), 15.79 g (Weight)

  • Shape

    Round

  • References

    The Hanks and Lloyd penny token orders employed three obverse and two reverse dies. The reverses are easy to identify as they are either dated 1855 or 1857 but the obverse die identification is based on the height of the letters in the word SYDNEY, the length of the word HANKS together with the number of border dots. In this case: The obverse has 134 dots around the rim and the letter S in both SYDNEY and HANKS is re-entered - it is the same die used on the 1855 Hanks & Lloyd issue. The letters in the word SYDNEY are 2.8 mm high and HANKS is 18.0 mm long. The reverse has a border of 135 dots and the P of PEACE almost touches the emu's back - it is the same die used on the Hanks & Co. 1857 issue see NU3807
    [Book] Andrews, Arthur. 1921. Australasian Tokens and Coins., No. 190
    [Book] Heyde, Gilbert C. & Skinner, Dion H. 1967. Unofficial Coins of Colonial Australia and New Zealand., No. 97/1

  • Keywords

    Retailing, Shops, Tea