Elephant token

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What's the history and value of New England Elephant token?

[danglen]

According to the 2007 Official Red Book, the London Elephant tokens were struck between 1672 and 1694. Although they were undated, to example are known to have been struck over 1672 British halfpennies. Most were struck in copper, but one was made of brass. The legend on this piece, GOD PRESERVE LONDON, is probably just a general plea for divine aid and not a specific reference to the outbreak of plague in 1665 or the great fire of 1666.
These pieces were not struck for the colonies, and probably did not circulate widely in America, although a few may have been carried there by the colonists. They are associated with the 1694 Carolina and New England Elephant tokens through a shared obverse die. Values listed in the Red Book range from a low of $300 in Very Good to a high of $13,500 in Uncirculated.