half pennies went out of use in 1922.
half pennies went out of use in 1922.
when did half pennies go out of use?
1922
Na
Na
in 1837 the bank of montreal applied for permission from britain to import copper tokens to a value of £5,000. permission was granted, but only on the condition that the other major commercial banks of montreal also participated. the other banks agreed, and an order was placed with the minting firm boulton and watt to produce the tokens, each containing the name of the issuing bank on a ribbon contained on the reverse of the token. the bank of montreal paid £2,000 for the production of these tokens, and the other three montreal banks—city bank of montreal, the quebec bank and la banque du peuple— £1,000 apiece. the £5,000 (paid in sterling), was for the cost of production of the tokens, which amounted to roughly £7,700 of half pennies and pennies being produced against the halifax rating, the money standard used in lower canada at the time. from these figures it has been estimated that roughly 1.8 million half pennies and just over 900,000 pennies were minted. the tokens arrived in lower canada in four separate shipments, beginning in late may 1838 and ending in late 1839. while the tokens were originally intended to be struck at five-sixths of the weight of british copper coins, they were struck at full weight instead, making them more substantial than the bouquet sous they were designed to replace, and closer to their actual value in copper.
habitant token