Rare token.
Obverse: three men working at an iron smelting furnace, HALFPENNY in exergue
CAERMARTHEN IRON WORKS
Reverse: man working at an iron forge, I MORGAN in exergue, on the edge PAYABLE IN LONDON BRISTOL CAERMARTHEN
KIDWELLY WHITLAND BLACKPOOL AND CWMDWYFRON FORGES
Diameter 30 mm, weight 12.17 g