Asked in British CoinsCanadian Coins
Double headed young Queen Victoria on both sides of the coin with no date?
May 13, 2010 9:35AM
The Canadian "double-headed" cent is equal to the British One Penny. The Canadian one "cent" is equal to the British 1/2 penny (so a British penny is 2 cents or 1 double-headed cent).
When first issued, the Canadian government had them struck to a standard of 100 coins to the pound of bronze rather than the the British standard of 80 coins to the pound of bronze.
The first 1858 issues, however, were unpopular and originally had to be sold at a discount.
It is believed the Canadians joined the two cents together to make them equivalent to the British Penny.