Canada 1842 penny token KM-Tn18
This specimen was lot 55629 in Stack's Bowers NYINC sale (New York, January 2024), where it sold for $1,320. The catalog description[1] noted, "CANADA. Province of Canada. Bank of Montreal Copper Penny Token, 1842. PCGS PROOF-64 Brown." 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 specimen sold for nearly four times the catalog value. It is listed in the SCWC as a two sous.
Recorded mintage: 240,000.
Specification: copper.
Catalog reference: KM-Tn19, Br-526; PC-2B.
- Cross, W. K., The Charlton Standard Catalogue of Canadian Coins, 62nd Ed., Toronto: Charlton International, 2008.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
- [1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, January 2024 NYINC Auction, featuring the Emilio M Ortiz Collection and a Symphony of Russian Rarities, the Rothschild-Piatigorsky Collection, Costa Mesa, CA: Stack's Bowers Galleries, Inc., 2023.
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