Prince Edward Island pound

The pound was the currency of Prince Edward Island until 1871. It was divided into 20 shillings, each of 12 pence. It was replaced by the dollar in 1871. Initially sterling coin circulated, together with locally produced coins and paper money.

Coins

The only coins issued exclusively for Prince Edward Island were issued in 1813. There were two denominations, the 1/– and 5/–. Both were produced by cutting a central plug from a Spanish dollar (8 real) coin. The plug, stamped with a sunburst, made the 1/– piece, whilst the similarly stamped ring made the 5/– piece. Due to its shape, the 5/– coin was known as a holey dollar.

Banknotes

In 1790, the Island of St. Jean (as Prince Edward Island was then known) issued Treasury notes in denominations of 1/–, 1/6, 2/6, 5/–, 10/–, 20/– and 40/–. A further issue of Treasury notes was made between 1834 and 1870, with denominations of 5/–, 10/–, £1, £2, and £5.

Along with the Treasury notes, two chartered banks issued paper money, the Bank of Prince Edward Island which commenced operations Aug 13, 1854 ^[1] and the Union Bank of Prince Edward Island. However, the pounds issued by these two banks had different values relative to sterling. The Bank of Prince Edward Island issued notes in denominations of 5/–, 10/–, £1, £2 and £5 between 1856 and 1863. This pound unit was worth 13s.4d. sterling and the notes also carried the denomination in sterling (3s.4d., 6s.8d., 13s.4d., £1.6s.8d. and £3.6s.8d.). The Union Bank issued notes between 1864 and 1865 denominated in both dollars (worth 4s.2d.) and sterling. Denominations were $1, $2, $5 and $20 (4s.2d., 8s.4d., £1.0s.10d, £4.3s.4d sterling).

References

^ Pound, Richard W. (2005). 'Fitzhenry and Whiteside Book of Canadian Facts and Dates'. Fitzhenry and Whiteside.

Krause, Chester L.; Clifford Mishler (1978). Standard Catalog of World Coins: 1979 Edition. Colin R. Bruce II (senior editor) (5th ed.). Krause Publications. ISBN 0873410203.
Pick, Albert (1990). Bruce, Colin R. II; Shafer, Neil (eds.). Standard Catalog of World Paper Money: Specialized Issues (6th ed.). Krause Publications. ISBN 0-87341-149-8.

External links

Canadian currency

Topics

Circulating currency

Coinage	5¢ (nickel) 10¢ (dime) 25¢ (quarter) 50¢ $1 (loonie) $2 (toonie)
Banknotes	$5 $10 $20 $50 $100

Historical coinage

Confederation	1¢ (penny) 20¢ $1 (Voyageur dollar) $5 gold piece $10 gold piece Ottawa Mint sovereign
Newfoundland	1¢ 5¢ 10¢ 20¢ 25¢ 50¢ $2

Banknote series

Historical currencies

Commemoratives

Bullion

Pre-confederation
tokens

Community currencies

Other

v t e Currency units named pound, lira, or similar
Circulating	Egyptian pound Lebanese pound Pound sterling Alderney pound Falkland Islands pound Gibraltar pound Guernsey pound Jersey pound Manx pound Saint Helena pound South Sudanese pound Sudanese pound Syrian pound Turkish lira
Local alternative currency	Bristol pound Brixton pound Exeter pound Lewes pound Liverpool pound Stroud pound Totnes pound
Obsolete and historical	Aeginetan mina AM-Lira Angevin pound Attic mina Australian pound Bahamian pound Bermudian pound Biafran pound British West African pound Byzantine litra Canadian pound Connecticut pound Cypriot pound Delaware pound Fijian pound French livre Livre parisis Livre tournois French colonial livre Guadeloupe livre Haitian livre New France livre Saint Lucia livre Gambian pound Georgia pound Ghanaian pound Irish punt Israeli lira Italian lira Italian East African lira Italian Somaliland lira Jaca pound Jamaican pound Japanese government-issued Oceanian pound Jersey livre Libyan pound Lombardo-Venetian lira Luccan lira Luxembourg livre Malawian pound Maltese pound Maryland pound Massachusetts pound New Brunswick pound New Guinean pound New Hampshire pound New Jersey pound New York pound New Zealand pound Newfoundland pound Nigerian pound North Carolina pound Nova Scotian pound Ottoman lira Palestine pound Papal lira Parman lira Pennsylvania pound Peruvian libra Pound Scots Prince Edward Island pound Rhode Island pound Rhodesian pound Rhodesia and Nyasaland pound Roman pound Sammarinese lira Sardinian lira Solomon Islands pound South Carolina pound Southern Rhodesian pound South African pound South West African pound Tongan pound Tripolitanian lira Tuscan lira Vatican lira Venetian lira Virginia pound Western Samoan pound Zambian pound
Historical antecedents (mass)	Roman pound (libra) Moneyer's pound (England) Grzywna (Grivna)
See also	Pound sign (£) Dinar Pound (mass) (℔) Roman currency Carolingian monetary system £sd

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Parity of a permutation