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Found a strange foreign coin today..............

K

Kelley (Texas)

New member
While hunting behind an old building that was once a school, I found a foreign coin, a large Canadian penny. It gave out a strong signal and I found it at approximately 6" deep. For the life of me, what is a Canadian coin doing in South Texas, so far from home? I also found two silver dimes and the normal assortment of clad coins...all found at a depth of from 2 to 6 inches. I was using the Eclipse 5.3 coil. Kelley (Texas) :)

[attachment 146426 BJ_1.jpg]

[attachment 146427 BJ_2.jpg]

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What a beautiful Upper Canadian coin Kelly. I've never seen one before. Have you researched it yet? Nice silver finds also. Heck, all your finds are something to jump up and down about. It was cloudy and rainy here in Central Illinois and nothing to shout about here. Thanks for sharing and for the pictures. HH to all, Nancy
 
Talk about strange........Why is it that the Canadian coin is called "Penny" and our U.S. coin is called a "Cent", but we call them a "Penny". Why is that? Can someone answer that for me? :confused: :shrug: Thanks, Nancy
 
we get some cold, wet weather. While doing some research, I discovered that this business was housed in an old building that was once a school. This is my second visit to the site...I found some silver the first time too! I keep wondering why a Canadian coin would be at that site. Kelley (Texas) :)
 
That is a beautiful token find Kelley. Canadian coins were not being stuck yet, I believe that started in 1858. It has the dragon slayer on the obverse and minted by banks and businesses. Yours obviously by the Bank of Upper Canada. A find to be proud of, Congratulations.
 
The USA came into being in 1776. The constitution was signed in 1786. The Mints did not come into being until after this. States produced their own coins and so too did Canadian provinces (like States) and the Bank of Canada, at the time. We still used Reales and English money freely as negotiable currency. The loyalists settled Canada (Newfoundland and Nova Scotia). They were loyal to England and still used money similar to England....penny, halfpenny....etc. The war was over and like all wars, the regular folk got along fine and exchanged monies. I have Reales with chopmarks minted in Mexico City that were used as currency in NY, San Francisco, and other large US cities. I find the chopmarks more interesting than the coin.
 
I'm sure you'll find some more interesting items there. Sounds like you've got yourself a good hunting spot for a while and then some. Please keep us posted. HH, Nancy
 
Just a small glimpse into our history. I love the Reales. They're one sweet 'piece' of silver. Thanks for sharing and HH, Nancy
 
Good score, found one this past summer in Ontario not in as nice of condition as yours.
Bank tokens were common trade before 1858. All banks had there own, the day I got the Upper Canada token I scored a 1844 Bank of Montreal token.
Yes the penny is Englands influence and no longer in use.

In 1850, the Bank of Upper Canada received the right to issue a coinage due to a severe coin shortage. The coinage consisted of 1/2 Penny and 1 Penny Bank Tokens. The obverse of the coins carried a representation of St.George slaying the dragon based on Benedetto Pistrucci's gold sovereign coinage design. The reverse of the coins carried the then obsolete Coat-of-Arms of Upper Canada. The 1850 issue was struck at the Royal Mint, London, but the coins did not arrive in Canada until 1851. Some of the 1d. pieces bear a dot between the tips of the cornucopiae, but the significance of this is unknown. The letters "R.K. & Co." is not a mintmark. It is the mark of Rowe, Kentish and Company of London, the agents the Bank of Upper Canada used to place their coin orders.

In 1852, the Royal Mint started to strike the second issue, but due to a heavy schedule and time pressure, the coin dies and planchets were transferred to Heaton's Mint. There is a way that the strikings can be distinguished. The Royal Mint issue has the dies in medallic alignment, whereas, the Heaton's Mint issue has the dies in coin alignment.
 
Thanks for the history lesson Daniel, very interesting.
 
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