Obv: View of gate, LUDGATE BT 1586 . (around), JACOBS. (in exergue). Rev: Cypher P S Co., DEDICATED TO COLLECTORS OF MEDALS & COINS around. Edge: Plain.
Uncirculated. Choice Red & brown.
Once the principal gate of London, standing atop Ludgate Hill, the gate shown on the token was rebuilt in 1586 with a statue of Queen Elizabeth added to it. Tradition says it was named after King Lud, a pre-Christian King of England. It was torn down in 1760.