British Tokens, Tickets and Passes (27 August 2020)
Date of Auction: 27th August 2020
Sold for £100
Estimate: £30 - £40
FootnoteProvenance: Bt April 2006.
Richardson, Goodluck & Co, corner of Bank Buildings, Cornhill and King’s Mews, Charing Cross; Pidding & Co, 1 Cornhill and 3 Charing Cross; Thomas Bish, 4 Cornhill and 9 Charing Cross. Despite being called the state lottery, it was privatised. Contractors, often companies involved in stockbroking and banking, would bid for the right to run the lottery at a profit to themselves. Companies with names such as Bish, Richardson and Goodluck and Hazard and Burne would offer lottery tickets in advertisements that would dominate the front pages of newspapers and boast about the number of winning tickets they had sold. The Richardson company had paid £50 to a Mrs Goodluck for the right to use her name. Although based in London, to achieve nationwide distribution they would appoint agents all over the country. Booksellers were preferred, as it was thought that this added to their brand, but high class grocers, goldsmiths and watchmakers were also acceptable, chosen as places where the poor would not go. Lotteries of this type were declared illegal in 1826