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Co-operative Society Dividend Token
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Finder
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County
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Date Recorded
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Hidden
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YORKSHIRE/NORTH
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Thu March 27, 2008
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Recorded By
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Views
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Validated by
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Hidden
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963
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Rod Blunt
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Material
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Size (mm)
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Issue date
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Brass
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22 mm
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1887 to early 20th century
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Description:
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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.
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Keywords:
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Co-operative Society Dividend Token
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State:
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England
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Reign/Issue Authority:
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Leeds Industrial Co-operative Society Limited
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Denomination:
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Two pence
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Classification:
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Co-op dividend token
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Mint:
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Moneyer:
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Issue Date:
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1887 to early 20th century
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Metal:
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Brass
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Weight (grams):
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2.6 g
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Diameter (mm):
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22 mm
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Obverse Description:
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Value, 2D, in circle.
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Obverse Legend:
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LEEDS INDUSL CO-OPE SOCIETY LIMITED
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Reverse Description:
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Value, 2D, in circle.
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Reverse Legend:
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LEEDS INDUSL CO-OPE SOCIETY LIMITED
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References:
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Michael Mitchiner, Jetons, Medalets & Tokens, No. 9497
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Comments:
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Maker's name, G Y Iliffe, in small letters below 2D.
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Findspot:
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Near Malton
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County:
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YORKSHIRE/NORTH
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Recorded elsewhere:
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No
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Finder:
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Hidden
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Metal Detector Used:
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Minelab Explorer SE
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Validated By:
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Rod Blunt
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UKDFD Copyright 2007
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;)
;)
