Coins and Canada - 1 penny 1837 - Banks tokens

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1 penny 1837

1 penny 1837
Source : Bank of Canada

Description

During the 1830s and the Patriotes Rebellion in Canada there was a shortage of small change, which encouraged private companies to carry out several copper coins. The first token of Quebec was that of an ironmonger named John Shaw. This was a token strike on one side various tools sold in his business and the other his name and the place Upper Town Quebec.

In 1838, he created pennies representing a character on the reverse wearing a sash. Even if it's the year 1837 on the token, it was really struck early in 1838 by several different banks, including Quebec Bank which produced 120,000 1/2 penny and 240,000 pennies.

In 1852, the Quebec Bank also made a series tokens. Mintage doubled compared to 1838. The design of the token remains the same on the reverse, but the obverse bears the crest of the City of Quebec.

After the creation of Canada, the vast majority of these tokens were re-struck with advertising marks like H. Gagnon & Cie, Michel Bacquet, Laval Dairy, HO Martineau, and more.

1 penny 1837 values and prices

Depending on its condition, its scarcity, supply and demand and errors and varieties, the value of a 1 penny 1837 varies. Below, the details of the value of the coin according to its grade.

1 penny 1837 circulated tokens1

Slide

Varieties AG-3 G-4 VG-8 F-12 VF-20 EF-40 AU-50
With period --$20.00$25.00$30.00$45.00$55.00
No period --$20.00$25.00$30.00$45.00$55.00

Varieties

With period

1 penny 1837 - With period

No period

1 penny 1837 - No period

Another error and variety

Specifications

With period

  • Mintage : 240 000
  • Issuer: Quebec Bank
  • Engraver : John Shaw
  • Mint : Soho Mint
  • Issuing date : 1838
  • Denomination : 1 penny
  • Composition : Copper
  • Weight : 18.5 grams
  • Diameter : 34 mm
  • Edge : Smooth
  • Breton # : 521
  • Km # : Tn11

No period

  • Issuer: Quebec Bank
  • Engraver : John Shaw
  • Mint : Soho Mint
  • Issuing date : 1838
  • Denomination : 1 penny
  • Composition : Copper
  • Weight : 18.5 grams
  • Diameter : 34 mm
  • Edge : Smooth
  • Breton # : 521
  • Km # : Tn11

Notes

  1. The value of circulated tokens generally concerns coins with a certain wear due to the circulation. These coins rarely retain their original luster.
  2. The value of a uncirculated tokens generally concerns coins with little wear almost not visible with the eye. These coins generally retain their original luster.
  3. The values displayed on this page are in Canadian dollars.

Last update : Wednesday, January 23, 2013

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