New Brunswick dollar (original) (raw)

From Wikipedia, the free encyclopedia

New Brunswick dollar

New Brunswick dollar (Canadian English)
Unit
Symbol $‎
Denominations
Subunit
1⁄100 cent
Banknotes 1, 2, 3, 4, 5, 8, 10, 20, 50, 100 dollars
Coins 1⁄2, 1, 5, 10, 20 cents
Demographics
Date of introduction 1860
Replaced New Brunswick pound
Date of withdrawal 1867
Replaced by Canadian dollar
User(s) New Brunswick
Valuation
Value NB$1 = CA$1
This 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.

New Brunswick one cent coin

Coins were issued between 1861 and 1864 in denominations of 1⁄2, 1, 5, 10 and 20 cent. The 1⁄2 and 1 cent were struck in bronze, the others in silver. The 1⁄2 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 1⁄2 cent pieces are scarce. [1]

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.

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