Nova Scotian dollar
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, thus maintaining the difference between the two currencies established in 1860.
Coins[]
Between 1861 and 1864, bronze ½ and 1 cent coins were issued. These were the only coins issued for the Nova Scotian dollar.
Banknotes[]
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]
References[]
- ^ a b "Archived copy". Archived from the original on 2011-11-24. Retrieved 2011-11-26.
{{cite web}}: CS1 maint: archived copy as title (link)] A History of the Canadian Dollar
- 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[]
- Dollar
- Currencies of Canada
- Modern obsolete currencies
- 1860 establishments in Nova Scotia
- 1871 disestablishments in Canada
- Economy of Nova Scotia
- 19th century in Nova Scotia
- 19th-century economic history
- 1860 establishments in Canada