Highly Rare George III Irish Bank Token, Silver Ten Pence, stamped 1806

An extremely rare George III Irish Bank Token, Silver Ten Pence, stamped 1806.
By the early 1800s the poor state of currency in Ireland was placing a severe restriction on the functioning of the Irish economy with a mixed variety of foreign coins of varying quality silver content making up the middle tier of the circulating coinage. The lower tier being made up of a series of poorly made copper tokens and even poorer forgeries of these tokens.
In 1805 and 1806 the Royal Mint authorised Mathew Boulton to strike an issue of copper pennies, halfpennies and farthings for issuing in Ireland.
The Bank of Ireland continued its production of bank tokens in silver with the release of a five and ten pence coin dated 1805 and 1806. The Act authorising the tokens was only effective for 1805 so the bank quickly redated the coins to 1805 and continued to issue tokens dated 1805 during 1806-1808.

This coin has been defaced as someone has had their initials monogrammed (J.W.) in a font typical of the Georgian period. However, these 1806 Irish bank tokens in silver are still particularly rare, but in conjunction with the 10 pence denomination, this would be particularly rare to find in Australia.

Numismatic Details:
George III, Bank Token, Silver Ten Pence, 1806, laureate and draped bust right, first leaf between D and E, rev inscription and date (D.F.623; S.6617).

Price marked at $300 AUD.
Measurements: 22.75 mm dia.
Condition: Monogram across obverse laureate and draped bust, overall wear as pictured. Ungraded. Toning present commensurate with age.