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WASHINGTON & FANNING ISLAND: 1 dollar token, ND, XF

Currency:USD Category:Coins & Paper Money / World Coins - Oceania Start Price:140.00 USD Estimated At:150.00 - 250.00 USD
WASHINGTON & FANNING ISLAND: 1 dollar token, ND, XF
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WASHINGTON & FANNING ISLAND: 1 dollar token, ND, TC-106332, N-419911, 38mm aluminum token, CHECK with ornaments above and below with WASHINGTON & FANNING / ISLANDS around // "GOOD FOR / $1.00", with ornaments in fields, variety with square-cornered letters G and O in GOOD FOR, plain edge, likely struck circa 1910, with flan streaks and field marks as usual, XF. Pierre Joseph Emmanuel Rougier (Father Rougier) acquired a large sum of money in what was known as the Cecille Affair in 1906, and soon afterwards left Fiji and acquired plantation interests at Fanning, Washington and Christmas Islands. In 1907, after obtaining Cecille's fortune, Rougier bought both Fanning Island and Washington Islands for £25,000 and opened a warehouse type store. He had struck 1 dollar, 50 cent, 25 cent and 12½ cent tokens for the native workers who then could spend them only at his store. These tokens were likely ordered and struck in the United States due to the style of manufacture.Rougier, being known as Abbé Rougier, resided in Tahiti and became a prominent figure there in the business and cultural worlds. As he did not live on Fanning or Washington Island, it was necessary to produce tokens; consequently, he did not to have to keep large amounts of cash on hand to pay workers each month. In October 1911, Rougier sold both islands to a Canadian syndicate for £70,000. The Islands are now part of the Republic of Kiribati and known as Tabuaeran (Fanning) and Teraina (Washington) islands.