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Can anyone give me any information on this coin??


sbvenman
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This coin is marked with, "Bank of Upper Canada 1854," on the obverse and "Bank Token One Penny" on the reverse. I'd appreciate any information on this one. A value or mintage would be great too. I can't find it in my Krause.

 

Thanks

 

 

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Charlton (Standard Cat. Canadian Tokens) doesn't make mention of a mintage. This piece probably grades good (and would be the lowest grade undamaged piece I've seen for the type), and would likely have a retail value of $1.

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  • 6 months later...
Charlton (Standard Cat. Canadian Tokens) doesn't make mention of a mintage. This piece probably grades good (and would be the lowest grade undamaged piece I've seen for the type), and would likely have a retail value of $1.

 

Britian was very slow about providing Canada with coinage and at the same time forbid Canada from producing their own. Sovereignty considerations....

 

We used American, French and Spanish coins as a result. And, then banks issued these tokens.

 

Mintages are out there and many consider them very undervalued. Not much supply, but not much demand either.

 

Frank

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  • 2 weeks later...
Guest Aidan Work

The 1850's occasionally turn up over here in New Zealand.It is the 1852 & 1854 issues that are pretty common over here.The 1857's very seldom turn up over here.I had to wait years before a pair of the 1857's turned up in a coin auction.I ended up being the only bidder on them.I can't recall off hand how much I paid for them though.

 

Aidan.

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