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New Brunswick dollar

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New Brunswick dollar
New Brunswick dollar (Canadian English)
Unit
Symbol$
Denominations
Subunit
1100cent
Banknotes1, 2, 3, 4, 5, 8, 10, 20, 50, 100 dollars
Coins12, 1, 5, 10, 20 cents
Demographics
Date of introduction1860
ReplacedNew Brunswick pound
Date of withdrawal1867
Replaced byCanadian dollar
User(s) New Brunswick
Valuation
ValueNB$1 = CA$1
This infobox shows the latest status before this currency was rendered obsolete.

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

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New Brunswick one cent coin

Coins were issued between 1861 and 1864 in denominations of 12, 1, 5, 10 and 20 cent. The 12 and 1 cent were struck in bronze, the others in silver. The 12 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 12 cent pieces are scarce.[1]

Banknotes

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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

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References

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  1. ^ ’’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.
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