The dollar was the currency of

Nova Scotia Nova Scotia ( ; ; ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the four Atlantic provinces. Nova Scotia is Latin for "New Scotland". Most of the population are native Eng ...

between 1860 and 1871.] A History of the Canadian Dollar It replaced the

Nova Scotian pound The pound ( sign: £) was the currency of Nova Scotia until 1860. It was subdivided into 20 ''shillings'' (sign: s or /–), each of 12 '' pence'' (sign: d). It was equivalent to sterling and was replaced by the '' dollar'' in 1860, A History of ...

at a rate of 5 dollars = 1 pound (1 dollar = 4

shilling The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence ...

s) and was consequently worth less than the

Canadian dollar The Canadian dollar (symbol: $; code: CAD; french: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, there is no standard disambiguating form, but the abbreviation Can$ is often suggested by notable style g ...

(worth 4s 1.3d). The Nova Scotian dollar was replaced by the Canadian dollar at a rate of 73 Canadian cents = 75 Nova Scotian cents, thus maintaining the difference between the two currencies established in 1860.

Coins

Between 1861 and 1864, bronze ½ and 1 cent coins were issued. These were the only coins issued for the Nova Scotian dollar. A half-cent coin was required because British six-pence coins in circulation were valued at 12½ Nova Scotian cents. ’’Canadian Coins’’, 60th Anniversary Edition, A Charlton Standard Catalogue, 2006, Toronto, p. 27

Banknotes

Between 1861 and 1866, the Provincial Government introduced Treasury notes for 5 dollars. In addition, three chartered banks issued paper money in Nova Scotia, the ''

Bank of Nova Scotia The Bank of Nova Scotia (french: link=no, Banque de Nouvelle-Écosse), operating as Scotiabank (french: link=no, Banque Scotia), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada ...

'', the ''Halifax Banking Company'' and the ''Merchants Bank of Halifax''. The private banks all issued notes in a single denomination, 20 dollars. They later issued notes in Canadian dollars. The Province of Canada issued notes dated 1866 overprinted with "Payable in Halifax / only". These were for circulation in Nova Scotia as local currency. Notes for 5 dollars were issued, worth $4.86 in Canadian currency.

References

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External links

{{dollar Currencies of Canada Modern obsolete currencies 1860 establishments in Nova Scotia 1871 disestablishments in Canada Economy of Nova Scotia 19th century in Nova Scotia 19th-century economic history 1860 establishments in Canada