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