Canada 1839 penny token KM-Tn16
This specimen was lot 29460 in Heritage sale 3064 (Chicago, April 2018), where it sold for $10,200. The catalog description[1] noted, "Lower Canada. Bank of Montreal/Banque Du Peuple. "Side View" Penny Token 1839 AU53 Brown NGC. Coinage alignment, BANQUE DU PEUPLE on ribbon. Slight scrape on obverse. Ex. John McKay-Clements collection (Frank Rose, May 1976, lot 51). From the Doug Robins Collection of Canadian Tokens." The SCWC notes that the Bank of Montreal, the Banque du Peuple and City Bank were granted the right to issue halfpenny and penny tokens, which right was exercised 1837-39, 1842-45 and 1852. However, when official provincial coinage was issued in 1858, decimal coinage similar to United States coins was chosen. This type was struck along with a half penny token (KM Tn15) in 1838-39 but was never placed into circulation. It is now rare.
Recorded mintage: 120,000 but mostly melted without being issued.
Specification: copper, this specimen 19.02 g.
Catalog reference: Br-525, LC-11C, Courteau-39, KM Tn16.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
- Cross, W. K., The Charlton Standard Catalogue of Canadian Coins, 62nd Ed., Toronto: Charlton International, 2008.
- [1]Cristiano Bierrenbach and Warren Tucker, Heritage World Coin Auction 3064, featuring the Doug Robins Collection of Canadian Tokens, Dallas, TX: Heritage Auction Galleries, 2018.
Link to:
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- Canada 1839 1/2 penny token KM-Tn15 "side view"
- Canada 1838 penny token KM-Tn16 "side view"
- Montreal 1842 penny token, front view
- Montreal 1844 half penny token, front view
- Coins and currency dated 1839
- return to coins of Canada