Obv: (rosette) DESIDIÆ POENA , around cable inner circle, hand holding a whip.
Rev: Shield containing Arms; a chevron between three ostrich feathers.
Ex Gilbert; ex Norweb 9387, illustratted.
M Dickinson 100 / 110 variant.

Extremely rare.

Hand and arm from same punch as Norweb 9388 but whip differs.

School Reward Tokens; see Numismatic Chronical 1896, third series vol. XVI, Perkin's School Reward Tokens by F. P. Weber, M.D., F.S.A.

Sold Oct 24