No one really knows what the P stands for at the face, but it was clearly minted this way. A dark chocolate brown specimen with some even, fine porosity, yet remains somewhat glossy. (For accuracy, the reverse of the holder has a break/crack on the inside).
Beautifully preserved midgrade example!
PCGS# 800826. Pop 1 with only 4 examples graded finer.
Popular post-Colonial issue struck between 1792-1794, the Kentucky Cents (or Tokens) actually were minted in England and distributed in the colonies.