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Colonial Acres Coins

SKU: SKU:Sept.DOD-R287

LC-33A1 No Date Lower Canada Un Sou Agriculture & Commerce Token Very Fine (VF20) cleaned

LC-33A1 No Date Lower Canada Un Sou Agriculture & Commerce Token Very Fine (VF20) cleaned

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SKU:Sept.DOD-R287

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LC-33A1 No Date Lower Canada Un Sou Agriculture & Commerce Token Very Fine (VF20) cleaned

Since their formation in the 18th century, the Canadian colonies under Britain had suffered a chronic shortage of small coins. The British did little to alleviate this, shipping occasional lots of worn-out coppers overseas that quickly dwindled as colonists struggled to do commerce. By 1820, any coin that was roughly the right size could pass for a halfpenny -- be it English, American, French, Spanish, or anything in between.

Enter: the bank token. While the British would not supply the needed coinage, banks -- including the Bank of Montreal, the City Bank, La Banque du Peuple, and the Quebec Bank -- were permitted to issue penny and halfpenny tokens that were similar in weight and size to British copper coins.

In 1858, the Province of Canada adopted a new currency based on the decimal system of the American dollar (as opposed to pounds and shillings, like Britain). Tokens promptly died out. They remain interesting and sought-after collector's pieces!
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