Kent 1a (RR). Gravesend. Æ halfpenny. 9.13 gm. 27 mm. Made by Denton for sale (Waters correction of D&H). 1797. A Gravesend boat sailing left; GRAVESEND TOKEN / A crown and a naval coronet between laurel sprigs; NAVAL PENNY around above; 17—97 below. Uncirculated; lightly toned over original surfaces with mint red particularly on reverse; a slight spot on the obverse and the reverse. This example has an uncommonly high rim around the edges. The edge is plain with vertical marks suggesting the flan was oversized and forced into what served as the collar.
This is a rare and dramatic token of exceptional design that has commanded strong prices. The Wayne Anderson piece, ex Jan, sold for $5310 in 2000. Baldwin sold an example in 2006 for about $3000 US including the commission. The R.S. Brown example (ex Noble) sold for just under $2500 in 2009. The reverse die was weak, accounting for the limited number of pieces known. The dies on this piece are fully intact. It is possible that this was an early trial of the die.
Davissons Ltd uses a soft close for its auctions, which means no lot closes until everyone is done bidding. Every time a bid is placed within the final 40 seconds of a lot closing, the timer is reset to 40 seconds. This continues until no bids are placed for 40 seconds, at which point the lot closes. There will never be more than one lot closing at once, as the next lot is not allowed to begin closing until the current lot closes.
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Bids are reduced automatically, so feel free to bid your maximum and it will be reduced to one increment over the current high bid. If a user places a bid that is higher than necessary to be the current high bidder on the lot, the displayed bid will reflect one advance over the next lower bid. For example, if a user "A" places a bid of $120 on a lot which opens at $100, "A" will be winning that lot at $100. If another user "B" bids $110, the winning bidder will be "A" at $120, one advance over the supporting bid of $110. If user "B" in this example instead placed a bid at $120, then user "A" will still be winning at $120 because they placed that maximum bid value first.
Increments can be viewed here. The next bid will always be on the next increment, so if a user is winning a lot at $100, or $105, or $109, the next bid will still always be $110.
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