The dollar was the currency of Nova Scotia between 1860 and 1871.[1] It replaced the Nova Scotian pound at a rate of 5 dollars = 1 pound (1 dollar = 4 shillings) and was consequently worth less than the Canadian dollar (worth 4s 1.3d). The Nova Scotian dollar was replaced by the Canadian dollar at a rate of 73 Canadian cents = 75 Nova Scotian cents,[2] thus maintaining the difference between the two currencies established in 1860.
Between 1861 and 1864, bronze ½ and 1 cent coins were issued. These were the only coins issued for the Nova Scotian dollar. A half-cent coin was required because British six-pence coins in circulation were valued at 12½ Nova Scotian cents. [3]
Banknotesedit
Between 1861 and 1866, the Provincial Government introduced Treasury notes for 5 dollars. In addition, three chartered banks issued paper money in Nova Scotia, the Bank of Nova Scotia, the Halifax Banking Company and the Merchants Bank of Halifax. The private banks all issued notes in a single denomination, 20 dollars. They later issued notes in Canadian dollars.
The Province of Canada issued notes dated 1866 overprinted with "Payable in Halifax / only". These were for circulation in Nova Scotia as local currency. Notes for 5 dollars were issued, worth $4.86 in Canadian currency.[1]
Referencesedit
^ ab. Archived from the original on 2011-11-24. Retrieved 2011-11-26.] A History of the Canadian Dollar
^Canada Gazette, 9-10 Edward VII, Chapter 14, page 29, paragraph 17, June 4, 1910
^’’Canadian Coins’’, 60th Anniversary Edition, A Charlton Standard Catalogue, 2006, Toronto, p. 27
nova, scotian, dollar, dollar, currency, nova, scotia, between, 1860, 1871, replaced, nova, scotian, pound, rate, dollars, pound, dollar, shillings, consequently, worth, less, than, canadian, dollar, worth, replaced, canadian, dollar, rate, canadian, cents, no. The dollar was the currency of Nova Scotia between 1860 and 1871 1 It replaced the Nova Scotian pound at a rate of 5 dollars 1 pound 1 dollar 4 shillings and was consequently worth less than the Canadian dollar worth 4s 1 3d The Nova Scotian dollar was replaced by the Canadian dollar at a rate of 73 Canadian cents 75 Nova Scotian cents 2 thus maintaining the difference between the two currencies established in 1860 Nova Scotian dollarNova Scotia half cent and one cent coinsUnitSymbol DenominationsSubunit 1 100centSymbol cent Banknotes 5 20Coins 1 DemographicsReplacedNova Scotian poundReplaced byCanadian dollarUser s NewfoundlandValuationPegged withCA 1 1 02774922919This infobox shows the latest status before this currency was rendered obsolete Contents 1 Coins 2 Banknotes 3 References 4 External linksCoins editBetween 1861 and 1864 bronze and 1 cent coins were issued These were the only coins issued for the Nova Scotian dollar A half cent coin was required because British six pence coins in circulation were valued at 12 Nova Scotian cents 3 Banknotes editBetween 1861 and 1866 the Provincial Government introduced Treasury notes for 5 dollars In addition three chartered banks issued paper money in Nova Scotia the Bank of Nova Scotia the Halifax Banking Company and the Merchants Bank of Halifax The private banks all issued notes in a single denomination 20 dollars They later issued notes in Canadian dollars The Province of Canada issued notes dated 1866 overprinted with Payable in Halifax only These were for circulation in Nova Scotia as local currency Notes for 5 dollars were issued worth 4 86 in Canadian currency 1 References edit a b A History of the Canadian Dollar by James Powell Bank of Canada Archived from the original on 2011 11 24 Retrieved 2011 11 26 A History of the Canadian Dollar Canada Gazette 9 10 Edward VII Chapter 14 page 29 paragraph 17 June 4 1910 Canadian Coins 60th Anniversary Edition A Charlton Standard Catalogue 2006 Toronto p 27 Krause Chester L Clifford Mishler 1991 Standard Catalog of World Coins 1801 1991 18th ed Krause Publications ISBN 0873411501 Pick Albert 1990 Standard Catalog of World Paper Money Specialized Issues Colin R Bruce II and Neil Shafer editors 6th ed Krause Publications ISBN 0 87341 149 8 External links editPortals nbsp Canada nbsp Money nbsp Numismatics Retrieved from https en wikipedia org w index php title Nova Scotian dollar amp oldid 1205989057, wikipedia, wiki, book, books, library,
