528A

(c. 1824) R.W. Owen Ropery Token, Breton-564. VF20 ICCS.

Currency:CAD Category:Coins & Paper Money Start Price:19,000.00 CAD Estimated At:20,000.00 - 25,000.00 CAD
(c. 1824) R.W. Owen Ropery Token, Breton-564. VF20 ICCS.

Buyer’s Premiums will be added on all items as per the Terms & Conditions of the sale. Invoices will be emailed out after all sessions of the Toronto Coin Expo Spring Sale have concluded.

(c. 1824) R.W. Owen Ropery Token, Breton-564. VF20 ICCS.

27mm. 7.59g. The R.W. Owen Ropery token is one of the monumental rarities in Canadian numismatics. Writing in Imperial Designs (2019), Christopher Faulkner describes the Owen Ropery token as “extremely rare and thus beyond the means of all but a very few collectors.” Earlier, R.W. McLachlan, commenting in “Our Rarest Canadian Coins,” published in the July 1882 issue of the Canadian Antiquarian and Numismatic Journal, called the token “a great rarity” that “has always been esteemed by Canadian collectors one of the gems of their collections.”
The Ropery tokens were issued by R.W. Owen of Montreal, who started a rope-making business in or just before 1824. According to McLachlan, “It was a small affair situated in Gain street in the eastern part of the city, and consisted of an open shed by the side of a fence, under which was wheel turned by hand. The quantity of hemp used was less than four tons per annum, and a small supply of lines rather than ropes, the product.” Owen sold his ropery to Mr. J.A. Converse in 1825 and subsequently moved to Kingston, Ontario. McLachlan, who gleaned his information from Mr. Converse’s reminiscences (he was still alive at the time the article was published), claims Owen’s tokens were struck in Birmingham and issued about 1824. The short amount of time between the tokens’ issuance and Mr. Owen selling his business may explain the token’s rarity today.
In 2022, we estimated 15 to 25 examples of the Owen Ropery token extant. Since then, researcher Franck Fortin has published and maintained a roster of known representatives at numicanada.com, totalling 18 pieces. Of those, five survivors are in institutional collections, leaving just 13 in private hands. About half of those tokens display some form of damage.
This is a problem-free example in Very Fine condition. Each side exhibits deep-brown colour overall with steel accents and minor surface porosity. Although the token had been lacquered at one point, the lacquer has been removed and no trace of it remains. Additionally, this impressive rarity can be traced back to the June 1941 sale of the important Dunham Collection, one of the most impressive groupings of Canadian colonial material offered in the post-WWI era. Auctioneer B. Max Mehl described it as “Very Fine. Excessively Rare,” noting that Mr. Dunham had paid more than $100 to acquire it — a substantial sum at the time. We expect considerable interest and spirited bidding for this significant and well-pedigreed Canadian numismatic trophy.
Ex: The W. F. Dunham Numismatic Collection (B. Max Mehl, 6/1941), lot 3642; unknown intermediaries; Richard Cooper; Cooper Collection / Toronto Coin Expo Spring Sale (Geoffrey Bell Auctions, 4/2016), lot
783, where it realized $22,800.