1857 Canada Bank of Upper Canada Token HALF PENNY St. George VG KM# TN2

Description

1857 Canada Bank of Upper Canada Token  HALF PENNY St. George VG  Copper, KM# TN2
kc
Bank of Upper Canada, half penny token, 1850
By
Library and Archives Canada
|
Monday, March 29, 2004
The Bank of Upper Canada was established in 1821 in York (Toronto, Ontario) under a charter granted by the Province of Upper Canada in 1819. When Upper and Lower Canada were united in 1841 to form the Province of Canada, it was decided that only the bank that held the government accounts should have the right to issue copper tokens. This privilege was enjoyed by the Bank of Montreal until 1848. Following the passage of the Rebellion Losses Bill in 1849, rioting in Montreal led to the destruction of the legislative buildings and the capital of the province was transferred to Toronto. As a result, the right to issue tokens passed to the Bank of Upper Canada.
Between 1850 and 1857 the Bank of Upper Canada issued a series of handsome penny and halfpenny copper tokens. The obverse of a penny token issued in 1850 is shown and features a St. George and the dragon motif encircled by the legend BANK OF UPPER CANADA and the date. The St. George motif was designed by Benedetto Pistrucci for the British sovereign of 1817 and is considered to be the definitive representation of the theme. The token is about the size of a Canadian silver dollar and is part of the National Currency Collection, Bank of Canada.
One in a series of CLASSIC 19th - 20th Century Canada and British Colonial Coin Issues
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