Merchant advertising token Circa 1850's, Malcolm & Gaul of New York, M-NY-516. Choice Uncirculated, certified NGC MS-64, a bright, flashy attractive example. Despite being a relatively common piece overall, only four shown in the NGC Census, one in MS-64 and three Gems in MS-65. NGC's population statistics for this series must be taken with a grain of salt, as they seem to have certified a number of pieces prior to establishing the Census, thus not all certified pieces are listed. Regardless, this example is certainly likely to be in the Condition Census for the variety.