The pound was the currency of
Newfoundland
Newfoundland and Labrador (; french: Terre-Neuve-et-Labrador; frequently abbreviated as NL) is the easternmost province of Canada, in the country's Atlantic region. The province comprises the island of Newfoundland and the continental region ...
until 1865. It was subdivided into 20 ''
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 o ...
s'', each of 12 ''
pence
A penny is a coin ( pennies) or a unit of currency (pl. pence) in various countries. Borrowed from the Carolingian denarius (hence its former abbreviation d.), it is usually the smallest denomination within a currency system. Presently, it is th ...
''. 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
Tokens were privately produced for 1
farthing
Farthing or farthings may refer to:
Coinage
*Farthing (British coin), an old British coin valued one quarter of a penny
** Half farthing (British coin)
** Third farthing (British coin)
** Quarter farthing (British coin)
*Farthing (English coi ...
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
£sd (occasionally written Lsd, spoken as "pounds, shillings and pence" or pronounced ) is the popular name for the pre-decimal currencies once common throughout Europe, especially in the British Isles and hence in several countries of the B ...
after the introduction of the dollar, although they did issue dollar notes in the 1880s.
See also
*
Newfoundland dollar
The dollar was the currency of the colony of Newfoundland and, later, the Dominion of Newfoundland, from 1865 until 1949, when Newfoundland became a province of Canada. It was subdivided into 100 cents.
History
In 1865, Newfoundland adopted the ...
References
*
Currencies of Canada
Currencies of the British Empire
Modern obsolete currencies
1865 disestablishments
Economy of Newfoundland and Labrador
Pre-Confederation Newfoundland
1854 establishments in the British Empire
{{Newfoundland-stub, Dollar, Newfoundland