 Carolina Elephant Token. PROPRIETORS. K.5, M.JAB-33. Silver. Uncirculated. 203.8 gns. Even, medium silver gray in color. Struck over an 1807 Half Dollar. The piece was very carefully made so the elephant was struck exactly in the center of the Half Dollar obverse. This left the elephant circled by the Half Dollar's stars and the 1807 date perfectly placed under its feet. The back, likewise, was perfectly positioned so the central inscription is circled upside down by the ethnic and the denomination shows at the top. The edge was left alone and still bears its original, Half Dollar lettering. Very rare as noted. The piece in the ANS is also said to be over an 1807 Half Dollar. The Eliasberg example was not struck over a host coin.
Ex S.H.& H. Chapman's sale of June 8, 1885, lot 1441; unknown intermediaries; New Netherlands Coin Company.
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