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Newfoundland pound

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Currency

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 sterling and sterling coin circulated, supplemented by locally produced tokens and banknotes. In 1865, the dollar was introduced at a rate of 1 dollar = 4s.2d., or 1 dollar = 50d.

Tokens

Main article: Coins of the Newfoundland dollar

Tokens were privately produced for 1 farthing in 1829, and ½d in 1841, 1846 and 1860.

Banknotes

In 1854, the Union Bank of Newfoundland introduced £1 notes. The same denomination was issued by the Commercial Bank of Newfoundland from 1857. Both banks continued to issue notes denominated in £sd after the introduction of the dollar, although they did issue dollar notes in the 1880s.

See also

References

Canadian currency
Topics
Circulating currency
Coinage
Banknotes
Historical coinage
Confederation
Newfoundland
Banknote series
Historical currencies
Commemoratives
Bullion
Pre-confederation
tokens
Community currencies
Other
Currency units named pound, lira, or similar
Circulating
Local alternative currency
Defunct
Historical antecedents (mass)
See also


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