What is the value of an 1862 T Warburton ironworks token?

Answer 1

Hopefully, we are both talking about the same thing. Please advise via my Message Board if I have got it wrong or, you can provide some further detail about the coin/token. During the 19th Century, many companies in the Australian Colonies manufactured their own coins or tokens for the use of their customers when dealing with that company. This appears to be one of them. T Warburton, Iron and Zinc Spouting Works of 11 Little Bourke Street West, Melbourne, Victoria, had seven different One Penny tokens manufactured by the T Stokes Mint, each having an Australian design on the reverse featuring an Australian Arms, emu, grapevine or wheatsheaf, and the company identity and address on the obverse. They were all dated 1862, made of copper, are 34mm in diameter, and their rarity is graded between R2 (Frequently seen) and R5 (Scarce). Depending on which variant you have, and what condition it is in, it could be worth anything from $15 to $400 AUD if it has been circulated or, $200 to $700 AUD if it is uncirculated. A reputable coin dealer will be able to give a more accurate valuation.