Nova Scotian pound

The pound (sign: £) was the currency of Nova Scotia until 1860. It was subdivided into 20 shillings (sign: s or /–), each of 12 pence (sign: d). It was equivalent to sterling and was replaced by the dollar in 1860,[1] at a rate of $5 dollars = £1 ($1 = 4/–), although coins and notes of the dollar currency were not issued until 1861.

Copper penny token minted for Nova Scotia in 1824. On the obverse is a portrait of King George IV.

TokensEdit

In addition to British coins, copper tokens were issued in 1823 and 1856 in denominations of ½d and 1d.

BanknotesEdit

In 1812, the Provincial Government introduced Treasury notes in denominations of £1, £2½, £5 and £50. Between 1813 and 1830, notes for £1, £2 and £5 were issued. 5/– and 10/– notes were added in 1830. Along with the Treasury notes, two chartered banks issued paper money in Nova Scotia, the Bank of Nova Scotia, and the Halifax Banking Company. The Halifax Banking Company issued notes from 1825, in denominations of £1½, £5, £6, £6½ and £7, whilst the Bank of Nova Scotia began issuing notes in 1834, with denominations of £1½, £2, £2½, £5¼, £6, £7, £7½ and £10.

See alsoEdit

ReferencesEdit

  1. ^ "Archived copy". Archived from the original on 2011-11-24. Retrieved 2011-11-26.{{cite web}}: CS1 maint: archived copy as title (link) A History of the Canadian Dollar

External linksEdit