Cheshire, Macclesfield, Roe & Co, mule Penny, 1788, bust of Charles Roe right, rev. PM Co cypher, edge WE PROMISE TO PAY THE BEARER ONE PENNY, 19.13g/11h (DH 75, this piece). Very fine and of the highest rarity; believed to be the only known specimen £300-400

This lot was sold as part of a special collection, The Late Robinson S. Brown Jr Collection.

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Collection

Provenance: W.J. Davis Collection, Sotheby Auction, 11-15 March 1901, lot 18; S.H. Hamer Collection, Glendining Auction, 26-8 November 1930, lot 45; J. Spingarn Collection [bt J.S. May 1998]

This piece, described by Waters as a workman’s freak, was first recorded by Davis in SNC December 1900, col. 4331