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CANADA: Upper Canada, AE 1/2 penny token, ND (1840), VG

Currency:USD Category:Coins & Paper Money / World Coins - Canada Start Price:50.00 USD Estimated At:50.00 - 75.00 USD
CANADA: Upper Canada, AE 1/2 penny token, ND (1840), VG
SOLD
70.00USD+ buyer's premium (14.00)
This item SOLD at 2025 Jul 15 @ 14:25UTC-07:00 : PDT/MST
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CANADA: Upper Canada, AE 1/2 penny token, ND (1840), Breton-1010, Charlton-UC4A3, Near H - Long floor variety, this is the scarcest of the three varieties for this type, VG. The original token was introduced by a dry goods merchant, Perrin Brothers, of Toronto.If, for example, someone brought in a few beaver pelts to trade for food, Perrin Brothers would pay with the tokens.It was a lot more convenient to shop with tokens than beaver pelts, which were fetching about £1 in 1827.There were two categories of currency back then: coin made and backed by the government and tokens that anyone could produce for trade purposes. Tokens were subsequently outlawed in 1825 in an effort to standardize currency and in 1830 a bunch of the Perrin Brothers tokens were seized by the government and melted down.