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Gold Price £2,935.18 $3,878.84 €3,524.78
Silver Price £36.92 $48.89 €44.28

Token Coins

Token coins became a common practice in England during the early 19th century. With gold and silver in short supply, banks turned to ‘tokens' – coins made of cheaper metal, or lighter weights, that were given a value. In many ways this was a prelude to the fiat economies that rule the world today. Rather than using paper these token coins were attributed a value, backed by a government body rather than precious metal.


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The Peninsular campaign against France had been dragging on for several years, and invasion seemed a real threat to the people of England.

These tokens were often made of copper or brass, but silver examples do exist, as sold below. Don't miss out on a chance to own these very unique parts of British coinage.

Precious metal prices can fall as well as rise. Bullion investments are not regulated by the FCA. We do not provide investment or tax advice and recommend carrying out your own research before making investment decisions.