Coinage of Upper Canada

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Upper Canada had a short history as a coin-issuing entity.

Upper Canada 19th century British colony in present-day Ontario

The Province of Upper Canada was a part of British Canada established in 1791 by the Kingdom of Great Britain, to govern the central third of the lands in British North America, formerly part of the Province of Quebec since 1763. Upper Canada included all of modern-day Southern Ontario and all those areas of Northern Ontario in the Pays d'en Haut which had formed part of New France, essentially the watersheds of the Ottawa River or Lakes Huron and Superior, excluding any lands within the watershed of Hudson Bay. The "upper" prefix in the name reflects its geographic position along the Great Lakes, mostly above the headwaters of the Saint Lawrence River, contrasted with Lower Canada to the northeast.

Coin piece of hard material produced in large quantities to facilitate trade

A coin is a small, flat, round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them.

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King George IV Posthumous Issue (1832)

This coin was a 1/2d. token bearing a portrait of King George IV, even though it was issued two years after his death. The obverse of this piece is inscribed "PROVINCE OF UPPER CANADA". The reverse has a representation of Britannia facing from right to left.

Token coin coin-like object used instead of coins

In numismatics, token coins or trade tokens are coin-like objects used instead of coins. The field of token coins is part of exonumia and token coins are token money. Tokens have a denomination either shown or implied by size, color or shape. "Tokens" are often made of cheaper metals: copper, pewter, aluminium, brass and tin were commonly used, while bakelite, leather, porcelain, and other less durable materials are also known.

George IV of the United Kingdom King of the United Kingdom and Hanover

George IV was King of the United Kingdom of Great Britain and Ireland and King of Hanover following the death of his father, King George III, on 29 January 1820, until his own death ten years later. From 1811 until his accession, he served as regent during his father's final mental illness.

Obverse and reverse Front and back side of coins, medals, orders of merit, and paper bills

Obverse and its opposite, reverse, refer to the two flat faces of coins and some other two-sided objects, including paper money, flags, seals, medals, drawings, old master prints and other works of art, and printed fabrics. In this usage, obverse means the front face of the object and reverse means the back face. The obverse of a coin is commonly called heads, because it often depicts the head of a prominent person, and the reverse tails.

Bank of Upper Canada Coinage (1850-57)

1857 Bank of Upper Canada Half-Penny Token obv.jpg
Obverse
1857 Bank of Upper Canada Half-Penny Token rev.jpg
Reverse
A Bank of Upper Canada half-penny token struck in 1857.

In 1850, the Bank of Upper Canada received the right to issue a coinage due to a severe coin shortage. The coinage consisted of 1/2 Penny and 1 Penny Bank Tokens. The obverse of the coins carried a representation of St.George slaying the dragon based on Benedetto Pistrucci's gold sovereign coinage design. The reverse of the coins carried the then obsolete Coat-of-Arms of Upper Canada. The 1850 issue was struck at the Royal Mint, London, but the coins did not arrive in Canada until 1851. Some of the 1d. pieces bear a dot between the tips of the cornucopiae, but the significance of this is unknown. The letters "R.K. & Co." is not a mintmark. It is the mark of Rowe, Kentish and Company of London, the agents the Bank of Upper Canada used to place their coin orders.

Bank of Upper Canada

The Bank of Upper Canada was established in 1821 under a Charter granted by the legislature of Upper Canada in 1819 to a group of Kingston merchants. The charter was appropriated by the more influential Executive Councillors to the Lt. Governor, the Rev. John Strachan and William Allan and moved to Toronto. The bank was closely associated with the group that came to be known as the Family Compact, and formed a large part of their wealth. The association with the Family Compact and its underhanded practices made Reformers, including Mackenzie, regard the Bank of Upper Canada as a prop of the Government. Complaints about the bank were a staple of Reform agitation in the 1830s because of its monopoly and aggressive legal actions against debtors.

Saint George 4th-century Christian saint and martyr

Saint George was a soldier of Cappadocian Greek origins, member of the Praetorian Guard for Roman emperor Diocletian, who was sentenced to death for refusing to recant his Christian faith. He became one of the most venerated saints and megalo-martyrs in Christianity, and he has been especially venerated as a military saint since the Crusades.

Benedetto Pistrucci Italian engraver

Benedetto Pistrucci was an Italian gem-engraver, medallist and coin engraver, probably best known for his Saint George and the Dragon design for the British sovereign coin. Pistrucci was commissioned by the British government to create the large Waterloo Medal, a project which took him thirty years to complete.

In 1852, the Royal Mint started to strike the second issue, but due to a heavy schedule and time pressure, the coin dies and planchets were transferred to Heaton's Mint. There is a way that the strikings can be distinguished. The Royal Mint issue has the dies in medallic alignment, whereas, the Heaton's Mint issue has the dies in coin alignment.

Planchet

A planchet is a round metal disk that is ready to be struck as a coin. An older word for planchet is flan. They are also referred to as blanks.

Birmingham Mint

The Birmingham Mint, a coining mint, originally known as Heaton's Mint or Ralph Heaton & Sons, in Birmingham, England, started producing tokens and coins in 1850 as a private enterprise, separate from, but in co-operation with the Royal Mint. Its factory was situated in Icknield Street, on the edge of the Jewellery Quarter. It was created by Ralph Heaton II, using second-hand coin presses bought from the estate of Matthew Boulton.

In 1854, Heaton's Mint were asked to strike a new coinage. There are two types of '4's' in the date: a plain '4', and a crosslet '4'.

In 1857, Heaton's Mint were asked to strike this final coinage. The reason why this was the final coinage was, because the introduction of a decimal currency into Canada was being contemplated.

In 1863, the Bank of Upper Canada complained to the Canadian government that it had a hard time trying to issue their final coinage because of the change to decimal currency. The government bought the coins and stored them in a warehouse as copper bullion. After Canadian Confederation, the coins were melted in 1873 under government supervision.

Copper Chemical element with atomic number 29

Copper is a chemical element with the symbol Cu and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orange color. Copper is used as a conductor of heat and electricity, as a building material, and as a constituent of various metal alloys, such as sterling silver used in jewelry, cupronickel used to make marine hardware and coins, and constantan used in strain gauges and thermocouples for temperature measurement.

Bullion is gold, silver, or other precious metals in the form of bars, ingots, or specialized coins that is said to maintain its worth better than conventional currencies and is therefore kept as a form of emergency currency by both governments and private citizens alike. Typically, bullion is used for trade on a global market where government backed currencies may not be sufficent. The word "bullion" comes from the French word bouillon, which meant "boiling", and was the term for the activity of a melting house which creates the ingots or bars from the raw material. The value of bullion is typically determined by the value of its precious metals content, which is defined by its purity and mass. To assess the purity of gold bullion, the centuries-old technique of fire assay is still employed, together with modern spectroscopic instrumentation, to accurately determine its quality to ensure that the true worth of the bullion is paid out; maintaining its security as an investment.

Canadian Confederation process by which the British colonies of Canada, Nova Scotia, and New Brunswick were united into one Dominion of Canada on July 1, 1867

Canadian Confederation was the process by which the British colonies of the Province of Canada, Nova Scotia, and New Brunswick were united into one federation, Canada, on July 1, 1867. Upon confederation, the old province of Canada was divided into Ontario and Quebec; along with Nova Scotia and New Brunswick, the new federation thus comprised four provinces. Over the years since Confederation, Canada has seen numerous territorial changes and expansions, resulting in the current union of ten provinces and three territories.

Popularity

The coins of Upper Canada are very popular with collectors of British Empire coins, not only those of Canada. There are a few scarce pieces in this series. The 1857 issue is quite difficult to find. The pieces have been given the affectionate nickname of "St. George Pieces", because of the obverse design.

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Newfoundland 2-dollar coin

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Bouquet sou

Bouquet sou were a series of tokens that were created for use primarily within Lower Canada in the mid- to late-1830s. Roughly equivalent in value to a half penny, the "bouquet sou" were so called because they displayed a group of heraldic flowers tied together with a ribbon on their obverse. The group of flowers were encircled by one of several legends, which might say "Trade & Agriculture / Lower Canada", "Agriculture & Commerce / Bas Canada" or some variant of these that might also substitute the name of the issuing bank. The other side most typically gave the denomination of "un sou", surrounded by a wreath and the words "Bank Token" and "Montreal". There are a large variety of these tokens, distinguished primarily by the number and variety of flowers that appear in the "bouquet", along with the differences in the legends that appeared on either side of the token. They were initially issued by the banks of Lower Canada, and were later imitated by speculators who produced tokens that looked similar, but were underweight for their denomination. These coins also circulated to Upper Canada, as at least one archeology dig attests. Large numbers of these tokens were produced and many examples can easily be obtained for only a few C$dollars, though a few rare varieties can command significantly higher prices.

Habitant token

The Habitant token were a series of tokens that were created for use primarily within Lower Canada and were issued in 1837. Produced as a successor to the popular bouquet sous, these tokens depicted a Habitant on the obverse, a traditional depiction of a French-Canadian farmer in winter clothing, and the coat of arms for the City of Montreal on the reverse. The tokens were issued in both one penny/deux sous and half penny/un sou denominations by the leading commercial banks of Montreal. They were issued in large numbers and can be easily acquired by the modern collector, though some varieties are rare and command a premium.

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