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Great Britain (Carmarthenshire) Caermarthen Iron Works Halfpenny Token of 1792
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According to an internet source “John Morgan, as well as being an ironmaster and tin plate manufacturer, was a banker in Carmarthen trading as John Morgan & Co. This is one of the most detailed tokens in the whole Conder series, and the fine work can only really be appreciated through an eye glass”.
Please see the following picture.