Introduction

The 1 Penny Montréal Bank Token holds a significant place in Canadian numismatic history. Struck between 1837 and 1842 by the United Province of Canada, this copper coinage served as a crucial medium of exchange during a pivotal period in the region's economic development.

Historical Background

During the mid-19th century, the United Province of Canada faced a growing need for reliable currency. The Montréal Bank, a prominent financial institution of the era, issued the 1 Penny token to facilitate daily transactions and alleviate the scarcity of small denomination coins. This initiative played a vital role in stabilizing the local economy and promoting commerce within the region.

Coin Images

Obverse

Reverse

Design Features

The obverse of the 1 Penny Montréal Bank Token showcases a detailed depiction of the Bank building flanked by majestic trees on either side. This artistic representation symbolizes strength and stability, reflecting the bank's trusted reputation in the community. On the reverse, the bank's coat of arms is prominently displayed, with the issuing bank's name elegantly inscribed on a ribbon below. The intricate design elements highlight the token's official status and contribute to its aesthetic appeal.

Technical Specifications

• Denomination: 1 Penny
• Issuing Authority: Canada, United Province of
• Composition: Copper
• Weight: 18.30g
• Diameter: 34.00mm
• Years of Issue: 1837-1842

Collectible Value

The 1 Penny Montréal Bank Token is highly sought after by collectors due to its historical significance and limited mintage. Its rarity and unique design features make it a prized addition to any numismatic collection. The market value of this coin can vary based on its condition, with well-preserved specimens commanding higher prices at auctions and among enthusiasts. As a tangible link to Canada's economic past, owning a Montréal Bank Token offers collectors a glimpse into the country's rich numismatic heritage.

Conclusion

In conclusion, the 1 Penny Montréal Bank Token stands as a testament to Canada's evolving monetary landscape during the 19th century. Its role in facilitating everyday transactions and supporting the local economy underscores its importance in Canadian numismatics. Whether for its historical significance, intricate design, or collectible value, this rare copper coin continues to captivate collectors and enthusiasts alike, preserving a piece of Canada's numismatic legacy for generations to come.