A well struck Token from an European or Indian mint with the initials M G representing the Half task Value. i.e. half bag (half cwt) or 4½D. Issuer has not been identified.

Denomination pence
Diameter28.2 mm
Thickness1.5 mm
Weight7.92 gms
mg_half_obverse mg_half_reverse
mg_half_o_obverse mg_half_o_reverse
Lowsley #Unlisted Pridmore #74

Obverse : CenteredM G within a beaded circle inside raised rim.
Reverse : CenteredHALF within a beaded circle inside raised rim.
maybe an incuse O stamped below the word HALF

Pridmore states that all the Half value tokens examined have an incuse O is stamped below the word HALF. If observation is correct the Mint condition token displayed above is a specimen. It is also slightly heavier than Pridmore #74 (6.95grams 28mm)

See also larger Full Task Value token.

* The Coins of British Commonwealth of Nations to the end of the reign of George VI 1952 Part 2 - Asian Territories by F. Pridmore Spink & Son Ltd., 1965. Tokens

The tokens were scanned at 600 dpi and the images are displayed at 200 dpi.
I thank Shiran Cruse, Kandy, Sri Lanka, for this scan of the unstamped token from his collection now with me.
I thank Bob Lyall of UK, for the scans of the token with incuse O from his collection.