New Brunswick dollar

1100centBanknotes1, 2, 3, 4, 5, 8, 10, 20, 50, 100 dollarsCoins12, 1, 5, 10, 20 centsDemographicsDate of introduction1860ReplacedNew Brunswick poundDate of withdrawal1867Replaced byCanadian dollarUser(s) New BrunswickValuationValueNB$1 = CA$1This infobox shows the latest status before this currency was rendered obsolete.

The dollar was the currency of New Brunswick between 1860 and 1867. It replaced the pound at a rate of 4 dollars = 1 pound (5 shillings = 1 dollar) and was equal to the Canadian dollar. The New Brunswick dollar was replaced by the Canadian dollar at par when New Brunswick entered the Canadian Confederation.

Coins

New Brunswick one cent coin

Coins were issued between 1861 and 1864 in denominations of 12, 1, 5, 10 and 20 cent. The 12 and 1 cent were struck in bronze, the others in silver. The 12 cent piece was struck in error by the Royal Mint, as New Brunswick used a different pound conversion rate than Nova Scotia and did not require the denomination. As most of the coins were returned for melting, surviving 12 cent pieces are scarce. [1]

Banknotes

Four chartered banks issued notes, the Bank of New Brunswick, the Central Bank of New Brunswick, the Commercial Bank of New Brunswick and the People's Bank of New Brunswick. Denominations issued were 1, 2, 3, 4, 5, 8, 10, 20, 50 and 100 dollars. The Commercial Bank's notes also bore the denominations in pounds and shillings. The Bank of New Brunswick and the People's Bank of New Brunswick continued to issue notes after Confederation, see Canadian chartered bank notes.

See also

  • New Brunswick pound

References

  1. ^ ’’Canadian Coins’’, 60th Anniversary Edition, A Charlton Standard Catalogue, 2006, Toronto, p. 29

External links

  • Currency Reforms (1841-71)
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