Co-operative Society Dividend Token
Finder County Date Recorded
Hidden YORKSHIRE/NORTH Thu March 27, 2008
Recorded By Views Validated by
Hidden 1044 Rod Blunt
Material Size (mm) Issue date
Brass 22 mm 1887 to early 20th century

1206628058A.jpg


supersize

supersize

Description: An octagonal two-pence dividend token of the Leeds Industrial Co-operative Society Limited.

Dividend tokens to the value of the amount spent were handed to co-op customers for each transaction. When a number of tokens had been collected, they could be exchanged for a single token of higher denomination. Each year, a dividend, expressed in pence per pound, was declared, and holders of the tokens were able to exchange them for cash at that rate. If the rate was judged to be too low, holders of the tokens could retain them in the hope that it would improve the following year.
Keywords: Co-operative Society Dividend Token
State: England Reign/Issue Authority: Leeds Industrial Co-operative Society Limited
Denomination: Two pence Classification: Co-op dividend token
Mint: Moneyer:
Issue Date: 1887 to early 20th century Metal: Brass
Weight (grams): 2.6 g Diameter (mm): 22 mm
Obverse Description: Value, 2D, in circle. Obverse Legend: LEEDS INDUSL CO-OPE SOCIETY LIMITED
Reverse Description: Value, 2D, in circle. Reverse Legend: LEEDS INDUSL CO-OPE SOCIETY LIMITED
References: Michael Mitchiner, Jetons, Medalets & Tokens, No. 9497 Comments: Maker's name, G Y Iliffe, in small letters below 2D.
Findspot: Near Malton County: YORKSHIRE/NORTH
Recorded elsewhere: No Finder: Hidden
Metal Detector Used: Minelab Explorer SE Validated By: Rod Blunt


1206628058A.jpg
·


UKDFD Copyright 2007