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Dominion of Canada • with the creation of the Dominion of Canada, the central government assumed responsibility for money and banking and undertook to legalize its own currency • Ottawa issued a new series of coins in the denominations of , 5, 0, 5 and 50 cents • the coins were legal tender in the four provinces that signed the
The Canadian Dollar under the Gold Standard. Although Newfoundland issued gold coins as early as 1865, (1854-1914) the Dominion of Canada did not do so until 1912–14, when the recently established Royal Mint in Ottawa struck $5 and $10 pieces. When the redemption of Dominion notes into gold was suspended at the beginning of the First World ...
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Following the return to the gold standard, British and United States gold coins, government of Canada notes, and Canadian coins were legal tender. Bank notes ceased to be legal tender. However, the return was short-lived. Britain went off the gold standard in September 1931, during the depths of the Great Depression. Canada followed suit by ...
- First Coins in Canada
- French Coins
- British Coins
- Prince Edward Island
- Newfoundland and Labrador
- Nova Scotia
- New Brunswick
- Lower Canada
- Upper Canada
- Vancouver Island, British Columbia and The Hudson’s Bay Company Territory
The earliest coins in use in what is now Canada were those carried by the first colonists and visitors to our shores. French coins predominated along the St. Lawrence and in other areas under French control (see New France). English coins were most common in their territories, and a mix of coins from Portugal and elsewhere dominated along the coast...
The first coins struck for use anywhere in Canada were the famous “GLORIAM REGNI” silvercoins of 1670, struck in Paris for use in all French colonies in the Americas. Few specimens have been found in Canada; the piece of 15 sols is especially rare. In 1672, the value of these coins was raised by one-third in a vain attempt to keep them in local cir...
For the first 50 years after the Conquest (1760), the British did almost nothing to provide coin, other than sending an occasional shipment of badly worn copper withdrawn from circulation in Britain. Goldcoins consisted of British guineas and, later, sovereigns, some American eagles, French louis d’or, Spanish doubloons (and fractions thereof), and...
During this period in PEI, various tokens were also in use. Large numbers of lightweight halfpenny tokens circulated from about 1830 till well after 1860. The most numerous were the SHIPS COLONIES & COMMERCE halfpennies and tokens inscribed “SUCCESS TO THE FISHERIES” or “SELF GOVERNMENT AND FREE TRADE.”
The earliest private tokens in Newfoundland and Labrador date from the 1840s and include the issues of Peter McAusland and the Rutherford Brothers, who operated stores in St. John’s and Harbour Grace. In later years, large numbers of SHIPS COLONIES & COMMERCE tokens were imported from Prince Edward Island. Following several attempts by the local go...
In 1813, certain Halifax businessmen began importing halfpennies into Nova Scotia and, by 1816, a great variety was in circulation. The government ordered their withdrawal in 1817. Beginning in 1823, and again in 1824, 1832, 1840 and 1843, the government issued a copper coinage, without authority from England. In 1856, Nova Scotia issued one of the...
An anonymous halfpenny appeared in Saint Johnabout 1830. In 1843, the government issued copper pennies and halfpennies without authority from England. These were followed in 1854 with another issue, this time with the permission of the British authorities.
Lower Canada (what is now Quebec) had the greatest number and variety of tokens in circulation. The Wellington tokens, a series of halfpenny and penny tokens with a bust of the duke of Wellington, appeared in about 1814. They were popular, and many varieties were issued locally after 1825. In 1825, a halfpenny of Irish design was imported; its popu...
Upper Canada (what is now Ontario) first used local tokens after 1812, when a series of lightweight halfpennies was issued in memory of Sir Isaac Brock. These were superseded after 1825 by a series of tokens with a sloop on one side and various designs (e.g., plow, keg, crossed shovels over an anvil) on the other. In 1822, a copper twopenny token w...
There was little need for coinage in the territories controlled by the Hudson’s Bay Company; the fur trade depended primarily on barter, although brass tokens (see Made Beaver) served the purpose of coinage. In colonial British Columbia, very few coins were in circulation. Small shipments of English silver and gold were sent to BC in 1861 and these...
Nov 29, 2012 · By the end of that summer, $600,000 worth of gold coins had been circulated to Assistant-Receivers General across Canada. Production of the gold coins continued until 1914. The first canadian gold coins. These first gold coins struck by the Mint were Canadian in almost every aspect, from raw material to design.
Feb 7, 2006 · The Canadian dollar became the official currency of the united province of Canada on 1 January 1858 and was defined as 15/73 of the British gold sovereign. This established the par rate of exchange between the British pound and the dollar at $4.867. In 1910 the Canadian dollar was officially defined in terms of fine gold instead of the gold ...
People also ask
When did the Dominion of Canada stop making gold coins?
When did Canada stop making gold coins?
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When did Canada go off the gold standard?
sovereigns and other current British gold coins, U.S. gold eagles ($10), double eagles, and half eagles, Canadian gold coins (denominations of $5 and $10), and Dominion notes. Limited legal tender status was also accorded silver, nickel, and bronze coins minted in Canada.59 Canada’s return to the gold standard proved to be short-lived.
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