Co-operative Society Dividend Token
Finder County Date Recorded
Hidden WEST MIDLANDS Sat June 25, 2011
Recorded By Views Validated by
Hidden 1212 Rod Blunt
Material Size (mm) Issue date
Brass 25mm Late 19th to early 20th century

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Description: A round five-penny dividend token of the Manchester and Salford Equitable Co-operative Society Ltd. The token was struck by George Yorke Iliffe of Birmingham. The obverse and reverse are identical.

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: Manchester and Salford Equitable Co-operative Society Ltd
Denomination: Five pence Classification: Co-operative society dividend token
Mint: George Yorke Iliffe, Birmingham Moneyer:
Issue Date: Late 19th to early 20th century Metal: Brass
Weight (grams): 2.7g Diameter (mm): 25mm
Obverse Description: Denomination, 5D; G Y Iliffe below. Obverse Legend: MANCHESTER & SALFORD EQUE CO-OPE SY LD
Reverse Description: Denomination, 5D; G Y Iliffe below. Reverse Legend: MANCHESTER & SALFORD EQUE CO-OPE SY LD
References: Michael Mitchiner, Jetons, Medalets & Tokens, No.9500 Comments:
Findspot: Near Solihull County: WEST MIDLANDS
Recorded elsewhere: No Finder: Hidden
Metal Detector Used: Minelab Explorer II Validated By: Rod Blunt


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