Historical information

This copper penny token was issued in Geelong by ironmonger R. Parker. Richard Parker was an early settler in Victoria. He had a general store in Elizabeth Street, then Collins Street, Melbourne for five years before moving to Geelong in 1844. He soon established several branches of his ironmonger business in towns around Victoria. He encouraged trade by providing customers with the small change of penny tokens in exchange for their more valuable and less convenient silver coins. The token carried a surcharge and was overstamped with the mane of W. Kernot. William Charles Kernot was a chemist at Chillwell, Geelong.

Significance

The token is of historical significance, representing a form of currency used in Australia's colonial era before Australia had official currency.

Physical description

Token coin; a round copper one penny token. Obverse had promotional text and a sketch and was overstamped with a name. Reverse had the image of a woman holding up a set of balance scales in one hand and a cornucopia in the other, standing beside the sea, with a three-masted sailing ship in the background, There is a formed hole in the metal; on the obverse, it is on the top of the design, on the reverse it is on the bottom of the design. It advertises R. Parker, Ironmonger, Moorabool Street, Geelong, overstamped with the name W. Kernot.

Inscriptions & markings

Embossed on the obverse: "R. PARKER / IRONMONGER. / MOORABOOL STREET / GEELONG" "W. KERNOT"
Embossed on reverse: "AUSTRALIA"