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Can you guess how I knew to look in Scotland first?
Well, aside from the Scottish motto mentioned above, there's also the Scottish cross of St Andrew the guy (who is presumably meant to be St Andrew) is holding, as well as the thistle flowers to either side.
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No response to my philosophical question? Is it possible to counterfeit a private token? What makes the original better than yours?
The answer to this is, "Of course". Just like in more modern times, it's possible to counterfeit a Gucci handbag or Microsoft licensed product. Counterfeiting, in this broader sense, is making an imitation of something valuable and attempting to pass that imitation off as genuine to people who had no reason to suspect the item was counterfeit.
Now, private tokens were presumably not covered by government anti-forgery laws, as the coins had no government standing. So, somebody caught issuing counterfeit tokens might be found guilty of fraud and fined, but wouldn't be hung for forging and uttering.
Eventually, laws were passed prohibiting the issuance of tokens of any kind, except under certain strict circumstances. Then, continuing to issue tokens would have been a more serious crime.
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As long as you don't state that someone else will give "ha'penny's value" for your coin, has any harm been done to anyone?
The "harm" happens when someone tries to cash in on the coin, only to find that there isn't anyone who will actually trade you a shilling for 24 of them. Gresham's Law then takes hold: the worthless tokens get circulated and circulated, if the holders of such pieces can find a sucker to take them, while the "fair dinkums" and genuine regal coins get hoarded.
I don't believe the "innocent medal-maker defence" ever carried much weight. Evasion-makers - people whose "medals" bore a suspiciously similar design to genuine coins of the realm - were rarely let off or escaped punishment when they tried this defence.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis