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1874, Australia. Copper "John Henderson Pawnbroker" Private Penny Token. Rare!

Mint Year: 1874 Denomination: Penny (Private Token Coinage) Company: John Henderson Freemantle (Pawnbroker) Reference: R.213, KM-Tn99.2 ($200 in Fine!). Rare! Condition: Scratches, cleaned in the past, otherwise a nice Fine! Material: Copper Diameter: 31mm Weight: 9.53gm

Obverse: Value (ONE PENNY TOKEN) above building. Date (1874) in lower field. Legend: PACKENHAM STREET FREEMANTLE W.A.

Reverse: Arms with supporters surmounted by swan. Legend:  JOHN HENDERSON PAWNBROKER TANDEM MOVETUR STOKES & MARTIN MELBOURNE 

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In numismatics, token coins or trade tokens are coin-like objects used instead of coins. The field of token coins is part of exonumia and token coins are token money. Tokens either have a denomination shown or implied by size, color or shape. "Tokens" are often made of cheaper metals: copper, pewter, aluminium, brass and tin were commonly used, while bakelite, leather, porcelain, and other less durable materials are also known.[citation needed]

A key point of difference between a token coin and a legal tender coin is that the later is issued by a governmental authority and is freely exchangeable for goods. However, a token coin typically has a much more limited use and is often issued by a private company, group, association or individual. In the case of "currency tokens" issued by a company but also recognized by the state there is a convergence between tokens and currency.

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