1794 Cent Talbot, Allum & Lee, NEW YORK, Silver MS

Talbot, Allum & Lee, engaged in the India trade and located at 241 Pearl Street, New York, placed a large quantity of English-made coppers in circulation during 1794 and 1795. ONE CENT appears on the 1794 issue, and the legend PAYABLE AT THE STORE OF on the edge. The denomination is not found on the 1795 reverse but the edge legend was changed to read WE PROMISE TO PAY THE BEARER ONE CENT. Rare plain-edged specimens of both dates exist. Exceptional pieces have edges ornamented or with lettering CAMBRIDGE BEDFORD AND HUNTINGDON.X.X. Many of these tokens were later cut down and used by the U.S. Mint as planchets for coining 1795 and 1797 half cents.