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The obverse features a free literacy school and a circular legend: "FOUNDED BY WILLIAM WAYNEFLETE" (old spelling) "1459".
The reverse side depicts an image representing Hope with an anchor on the left side and a raised right hand. In the background is a bale of goods and a sailboat at sea. Circle legend: "WAINFLEET HALFPENNY 1793"
The customers for the production of the token were warehouse owners David Wright and Palmer (D. Wright & S. Palmer).
In 1483, William Patten, also known as Barbour, later William Wainfleet, Provost of Eton, Bishop of Winchester, Supreme Chancellor of Great Britain during the reign of Henry VI, founded a free literacy school in his hometown, serving as a branch of Magdalen College at Oxord, which he had founded earlier in 1459. At the time of the token's release, this beautiful brick building with two towers was used as a church on Sundays and is sometimes referred to as Wainfleet Abbey, although it was not originally intended as a place of worship.
Variants of edge inscriptions:
7. BIRMINGHAM REDRUTH & SWANSEA.
8. PAYABLE AT THE WAREHOUSE OF D. WRIGHT & S. PALMER . X .
8a. reads WAREHOUSES.
8b. PAYABLE IN HULL AND IN LONDON.
8c. PAYABLE IN LONDON BRISTOL & LANCASTER.
8d. ON DEMAND WE PROMISE TO PAY.
8e. CURRENT EVERYWHERE.
8f. Plain.