Newfoundland pound
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Newfoundland pound
The pound was the currency of Newfoundland until 1865. It was subdivided into 20 shillings, each of 12 pence. The Newfoundland pound was equal to the British pound and British coins circulated, supplemented by locally produced tokens and banknotes. In 1865, the dollar was introduced at a rate of 1 dollar = 4 shillings 2 pence.
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Contents
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Tokens
Main article: Coins of the Newfoundland dollar
Tokens for 1 farthing and ½ penny were privately produced between 1841 and 1860.
Banknotes
In 1854, the Union Bank of Newfoundland introduced 1 pound notes. The same denomination was issued by the Commercial Bank of Newfoundland from 1857. Both banks continued to issue notes denominated in pounds after the introduction of the dollar, although they did issue dollar notes in the 1880s.
See also
References
- 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.
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