Canada 1857 penny token KM-Tn3
This specimen was lot 32612 in Heritage sale 3064 (Chicago, April 2018), where it sold for $312. The catalog description noted, "Upper Canada Penny Token 1857 MS65 Brown NGC. Bank of Upper Canada issue. Much red in the devices and worthy of a strong bid." 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. The Bank of Upper Canada issued halfpenny and penny tokens 1850-57 (Upper Canada is now Ontario). However, when official provincial coinage was issued in 1858, decimal coinage similar to United States coins was chosen.
Recorded mintage: 1,500,000.
Catalog reference: KM-Tn3, PC-6D.
- Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
- Cross, W. K., The Charlton Standard Catalogue of Canadian Coins, 47th Ed., Toronto: Charlton International, 1993.
- Cristiano Bierrenbach and Warren Tucker, Heritage World Coin Auction 3064, featuring the Doug Robins Collection of Canadian Tokens, Dallas, TX: Heritage Auction Galleries, 2018.