This is the obverse of a copper farthing trade token of Andrew Melrose, an Edinburgh tea and spirits dealer. It dates from between around 1780 and 1830.
The text on the obverse advertises the issuer's goods - 'ANDW. MELROSE/TEA/& SPIRIT/WAREHOUSE/301 CANNONGATE'.
Due to a lack of low-value coins, many companies issued their own tokens, with which goods could be bought. Trade tokens also acted as advertisements for the issuer.
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