Hibernia is the Latin name for the island of Ireland, and a personification of Hibernia, a woman and harp, is often used on old coinage that was minted in Ireland and circulated in the New World. The North American Token is one such coin.
Professional numismatists (coin collectors) believe the 1781 date is bogus, favoring actual mintage in Dublin between 1810 and 1830 and backdated to evade Canadian importation laws. These pieces circulated in America mostly near the Canadian border.
The Red Book, a popular price guide for US coinage, quotes the following catalog values for North American Tokens:
worn: $60 US dollars approximate catalog value
average circulated: $200
well preserved: $650
These are catalog values. Apply the concepts shown on our Important Terminology page to convert them to actual buy and sell values, which will be lower.
The image here is courtesy of Stacks Bowers, and CoinQuest thanks them for use of this photo.