© Ira & Larry Goldberg Auctioneers
© Ira & Larry Goldberg Auctioneers
1 Penny - Montréal Bank Token
| Copper | 18.3 g | 34 mm |
| Issuer | United Province of Canada (Canadian provinces) |
|---|---|
| Type | Token |
| Years | 1837-1842 |
| Value | 1 Penny (1⁄240) |
| Currency | Pound (1841-1858) |
| Composition | Copper |
| Weight | 18.3 g |
| Diameter | 34 mm |
| Thickness | 2.5 mm |
| Shape | Round |
| Technique | Milled |
| Orientation | Medal alignment ↑↑ |
| Demonetized | Yes |
| Updated | 2024-10-04 |
| Numista | N#10125 |
|---|---|
| Rarity index | 29% |
Reverse
The bank's coat of arms with issuing bank name on ribbon.
Script: Latin
Lettering:
BANK TOKEN
CONCORDIA SALUS
BANK OF MONTREAL
1842
ONE PENNY
Edge
Plain
Comment
"CITY BANK" on ribbonPC-2A1 Copper, Medal alignment, normal flan, Weight: 16.1 - 18.9g (1842)
PC-2A2 Copper, Coin alignment, thick flan, Weight: 23.0 - 24.0g (1870)
PC-2A3 Silver, Medal alignment, thin flan, Weight: 13.3g (1842)
Only 2 known to exist of PC-2A3.
BANK OF MONTREAL on ribbon
PC-2B Copper, Weight: 17.7 - 18.9g
Interesting fact
One interesting fact about the Token 1 Penny - Montréal Bank Token 1837-1842 from United Province of Canada (Canadian provinces) made of Copper weighing 18.3 g is that it was used as a substitute for the official Canadian coinage during a period of currency shortage in the 1830s and 1840s. The token was issued by the Montréal Bank and was accepted as legal tender in the United Province of Canada. Despite being made of copper, the token was designed to resemble the British penny, which was the standard unit of currency at the time. This fact highlights the resourcefulness and adaptability of the people of Canada during a time of economic challenge.
Price
| Date | Mintage | VG | F | VF | XF | AU | UNC |
|---|---|---|---|---|---|---|---|
| 1842 | 240000 | - | - | - | - | - | - |
Values in the table are based on evaluations by sales realized on Internet platforms. They serve as an indication only for 1 Penny - Montréal Bank Token 1837-1842 coin.
