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This is one of only two unholed one shilling S&Co pieces that I am aware of. I hold the other.
I came across these two unholed 1/- coins in 1978 while counting the over 20,000 Strachan coins held by the company in its vault.
Extremely rare and unlikely to be offered for sale again. See also: Oddities in Strachan and Co tokens
For more on the Strachan coins see: http://www.tokencoins.com/main.htm
See my other items for sale, including an unholed S&Co 6d and 3d to view these extremely rare coins
Low starting price. Winning bid gets free registered airmail postage anywhere in the world.
NO RESERVE.
Scott Balson
The coin displayed is the coin on auction here: