The Hudson's Bay Company tokens represented the unit of

currency A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific envi ...

used in the

fur trade The fur trade is a worldwide industry dealing in the acquisition and sale of animal fur. Since the establishment of a world fur market in the early modern period, furs of boreal ecosystem, boreal, polar and cold temperate mammalian animals h ...

for many decades. The largest—one " Made Beaver"—was equal in value to the skin on an adult male

beaver Beavers (genus ''Castor'') are large, semiaquatic rodents of the Northern Hemisphere. There are two existing species: the North American beaver (''Castor canadensis'') and the Eurasian beaver (''C. fiber''). Beavers are the second-large ...

in good condition. Smaller sizes represented one-half, one-quarter, and one-eighth of a Made-Beaver. One side of the brass token bears the

Hudson's Bay Company The Hudson's Bay Company (HBC), originally the Governor and Company of Adventurers of England Trading Into Hudson’s Bay, is a Canadian holding company of department stores, and the oldest corporation in North America. It was the owner of the ...

's coat of arms and the other its value. Charlotte Gray 'The Museum Called Canada: 25 Rooms of Wonder' Random House, 2004 Before these

brass Brass is an alloy of copper and zinc, in proportions which can be varied to achieve different colours and mechanical, electrical, acoustic and chemical properties, but copper typically has the larger proportion, generally copper and zinc. I ...

tokens came into use, a Made-Beaver was represented by a stick,

porcupine Porcupines are large rodents with coats of sharp Spine (zoology), spines, or quills, that protect them against predation. The term covers two Family (biology), families of animals: the Old World porcupines of the family Hystricidae, and the New ...

quill, an

ivory Ivory is a hard, white material from the tusks (traditionally from elephants) and Tooth, teeth of animals, that consists mainly of dentine, one of the physical structures of teeth and tusks. The chemical structure of the teeth and tusks of mamm ...

disc, a

musket A musket is a muzzle-loaded long gun that appeared as a smoothbore weapon in the early 16th century, at first as a heavier variant of the arquebus, capable of penetrating plate armour. By the mid-16th century, this type of musket gradually dis ...

ball, or anything else agreed upon by trader and trapper. The trapper would be handed a number of units agreed upon—representing the value of his catch—and with these would make his purchases from the store. The tokens were designed by George Simpson Mctavish of Albany Fort in 1854.

References

Hudson's Bay Company Token coins {{Exonumia-stub