Obv: Interior of an Ironworks, CAERMARTHEN IRON WORKS. (around), HALFPENNY in exergue. Rev: Interior of a forge, KIDWELLY WHITLAND BLACKPOOL AND CWMDWYFRON FORGES around, I. MORGAN in exergue. Edge: PAYABLE IN LONDON BRISTOL & CARMARTHEN . X .
Extremely Fine and Choice brown.
A trade token for John Morgan, an iron master, tinplate producer, and grist mill owner.