This Lincolnshire Sleaford Half Penny Token from 1791 is a fascinating example of 18th-century British trade tokens. These tokens were privately minted by local businesses to address a shortage of small change in Britain during that period.

In the late 18th century, the official coinage of small denominations (halfpennies and farthings) was inadequate, leading to difficulties in everyday transactions. As a result, private issuers—often merchants and local authorities—commissioned the production of tokens to serve as substitutes for official coinage. The Sleaford Half Penny Token was one such local issue from Sleaford, a market town in Lincolnshire, England.

The front side of the token would have depicted a bust of John of Gaunt, Duke of Lancaster. He was an influential medieval figure, third son of King Edward III, and father to King Henry IV. John of Gaunt’s association with Lincolnshire stemmed from his vast landholdings, particularly in the duchy of Lancaster. His depiction on the token symbolized local pride and the historical importance of the region.

The back of the token as shown featured the words "Payable at Sleaford", indicating its use within the town. It also contains a shield or crest.

These tokens were used as a form of local currency, accepted in trade for goods and services, and were redeemable at businesses that issued or accepted them. Although not legal tender, their use was widespread in local economies. In 1797, the British government began to address the coin shortage, gradually rendering tokens obsolete.