Obv: View of castle ruins, THE CHAPPLE IN DUDLEY CASTLE around. Rev: A cypher E D, with laurel wreath below, E. DAVIES NAIL FACTOR DUDLEY around. Edge: I PROMISE TO PAY ON DEMAND THE BEARER ONE PENNY.
Uncirculated. Two tiny reverse spots. Rare. Penny.
There was an Edward Davies who was a nail manufacturer at the time. With the rarity of these and the small mintage numbers, there is a good chance these were made as private tokens to give out to friends.