1890, Sumatra, Soengy Diskie Estate. Large 50 Cents Plantation Token. NGC SP-64!

Description

CoinWorldTV
1890, Sumatra, Soengy Diskie Estate. Large 50 Cents Plantation Token. NGC SP-64!
Region: Sumatra
Mint Period: 1890-1912
Denomination: 50 Cents
Company: Soengy Diskie Estate
Reference: Sch-1162, LaWe 396 (
RR!
).
Condition:
Certified and graded by NGC as SP-64 BN!
Material: Copper
Diameter: 35mm
Obverse:
Five chinese characters in cruciform formation.
Reverse
:
Large value numeral (50) surrounded legend in English.
Legend:SEONGY DISKIE ESTATE * FIFTY CENTS *
Authenticity unconditionally guaranteed.
Bid with confidence!
From about 1872 plantation and estate tokens were used, on a large scale, for payment on many tobacco plantations in the so called " Residence of the East coast of Sumatra" in the Netherlands East Indies. This "money" was used to pay the coolies who worked there on the plantations.The planters established on Sumatra's East coast started issuing this exchange item in a way which was directly related to the plantation or estate. As their main reason they said that there was a shortage of small change in these areas. But that was not really the main reason: what they really wanted was to get total control of money circulation on the estates. With that, the coolies were obliged to buy their daily supplies in the plantation shops
Only 1$ shipping for each additional coin purchased!