• Code 290121-17

South Africa, De Beers Consolidated Mines Ltd. 3d 'Ticky' token.

Brass, square. Uniface. 15.5mm. D. B. C. M. LD. and STORE above and below 3 D.  This denomination known as a 'ticky'.  Hern 150e.  EF

Issued by the well-known De Beers group in Kimberley. This company dates back to 1888, when Cecil John Rhodes, who owned the de Beers Company, persuaded his rival Barney Barnato, the owner of the rich Kimberley Mine, to join forces. The amalgamation gave rise to De Beers Consolidated Mines Limited.

Within a short time after the merger many other mines such as the adjoining Du Toitspan, Wesselton and Bultfontein mines joined the group which then controlled something like 90% of world diamond production. For over 100 years the company has maintained world dominance in all aspects of diamond exploration, mining, trading etc... These days the "De Beers" group of companies has mining operations not just in Southern Africa but also in Canada.

The use of tokens probably started as early as 1888. The native labour lived in compounds (later called hostels) that adjoined the mine, and these tokens were used to buy from the mine store. They were issued solely for buying from the store, and were not used elsewhere. Also they were not called into being because of a shortage of small change, as was often the case with issues elsewhere.   The labourers were obliged to buy these tokens out of their wages as the stores accepted only token money and not real money.

NB  All of the photographs of coins and books offered on our website are images of the actual item offered for sale.  We endeavour to grade our coins and tokens strictly and to high standards to ensure your satisfaction.

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