• Home
    • Blogs
    • Channel
    • Podcast
    • House History
    • Upcoming Events
    • Upcoming Pottery Workshops
    • Art
    • Exhibitions
    • Local History
    • Quilt Academy
    • Skills & Craft
    • Bell Health
    • Webinar Recordings
    • Dyslexia Support
    • Adult Literacy
    • English Teaching
    • Overview
    • Bookings
    • Class Schedule
    • Courses
    • Outreach
    • Teachers
    • News
    • Donations & Partners
    • Volunteering
    • Gardening
    • Find us
Menu

Bell House

27 College Rd
England, SE21 7BG
Phone Number
Dulwich-based centre for wider learning

Bell House

  • About Us
    • Home
    • Blogs
    • Channel
    • Podcast
    • House History
  • What's On
    • Upcoming Events
    • Upcoming Pottery Workshops
  • Creative Arts & Culture
    • Art
    • Exhibitions
    • Local History
    • Quilt Academy
    • Skills & Craft
  • Health & Wellbeing
    • Bell Health
    • Webinar Recordings
  • Neurodiversity & Learning Support
    • Dyslexia Support
    • Adult Literacy
    • English Teaching
  • Pottery Studio
    • Overview
    • Bookings
    • Class Schedule
    • Courses
    • Outreach
    • Teachers
    • News
  • Get Involved
    • Donations & Partners
    • Volunteering
    • Gardening
    • Find us
BANNER3.jpg

Blogs

James Lackington's trading token

April 24, 2018 Guest User
James Lackington's portrait on his token

James Lackington's portrait on his token

Local currencies like the Brixton pound or the Totnes pound are nothing new. In the 18th century London merchants issued their own currency too, and James Lackington, an associate of Thomas Wright, the man who built Bell House, took the opportunity to issue his own currency and to advertise his business at the same time. If Thomas Wright did likewise sadly no tokens have survived. However, at Bell House we do have a Lackington token, which Thomas Wright would have known and may have used.

When the price of copper rose steeply following the wars of the eighteenth century, copper coins became more valuable due to their metallic content. Counterfeiters began melting down the coins and replacing them with ones containing less copper. Minting more coins would have encouraged the counterfeiters so the government simply closed the Royal Mint, creating a coin shortage. Enter James Lackington.

James Lackington portrait.jpg

James Lackington was the Jeff Bezos of his day, a bookseller who revolutionised the British bookselling trade. He honed his salesmanship selling pies in the street but he always said his first love was books so he became a bookseller, almost certainly selling Thomas Wright’s bibles and prayer books. The story went that on arriving in London with his wife, Lackington spent their last half-crown on a book of poems called Night Thoughts, explaining ‘for had I bought a dinner, we should have eaten it to-morrow, and the pleasure would have been soon over, but should we live fifty years longer, we shall have the Night Thoughts to feast upon’.

'Cheapest booksellers in the world.'

'Cheapest booksellers in the world.'

Lackington opened a huge bookstore in Finsbury Square, called the ‘Temple of the Muses’, said to be so big that a coach-and-four could be driven round it. He went up and down the country buying whole libraries and remaindered books, which he then sold as cheaply as he could, though he did not spare any expense in fitting out his ‘Temple’.

Lackington tokens had to be spent in his shop, cleverly ensuring shoppers had to return. He also used the tokens to advertise the shop and himself: it is his portrait on the obverse and on the reverse it says ‘Lackington, Allen & Co. Cheapest booksellers in the world’.

Lackington’s talent for publicity showed in other ways too. He flew a flag above the Temple of the Muses to let customers know when he was in the shop and when he was travelling around London (and possibly Dulwich?) his carriage was inscribed with his motto: Small profits do great things.

If you are interested in local history, Ian McInnes is leading a walk around Georgian Dulwich on Sunday 13 May 2018, as part of the Dulwich Festival. Click here for details.

token reverse.jpg
← Why should we bother about sleep?  Dr Fran Knight at Bell HouseBenjamin and Pip Rice: Artists' Open House at Bell House →

Bell House 27 College Road, Dulwich, London  SE21 7BG   registered charity number 115739

Bell House, 27 College Road, Dulwich, London  SE21 7BG | registered charity number 1157339

[email protected]

 Privacy Policy - EO, Diversity and Inclusivity Policy - VOLUNTEER POLICY

SIGN UP TO OUR NEWSLETTER