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Encyclopedia > Holey dollar

The Holey Dollar of P.E.I.

Back in the 1700's, the Spanish government minted a large silver coin which through wide circulation became known as the Spanish dollar. Around the end of the 18th Century, this coin was in constant circulation in Eastern Canada and the United States. The value of the coin varied in different centers but was highest in Halifax, with the result that, whenever the merchants of Prince Edward Island secured them, they sent them to Halifax, to take advantage of the higher rate. The resulting shortage of coins in P.E.I. prompted the Governor to gather in all the Spanish Dollars he could and have their centers punched out. The punched centers were passed as shillings and the outer rims as five shillings. The mutilated coins were, of course, no longer accepted outside of the island and as a consequence, remained there. Events January 1 - Russia accepts Julian calendar. ... General Name, Symbol, Number silver, Ag, 47 Chemical series transition metals Group, Period, Block 11, 5, d Appearance lustrous white metal Atomic mass 107. ... The Spanish dollar or peso (literally, weight) is a silver coin that was minted in the Spanish Empire after a Spanish currency reform in 1497. ... Atlantic Canada consists of the four Canadian provinces on the Atlantic Ocean: Newfoundland and Labrador, New Brunswick, Nova Scotia, and Prince Edward Island. ... Halifax can refer to any of several things: Halifax, West Yorkshire Halifax Regional Municipality, Nova Scotia Halifax (UK Parliament constituency) Earl of Halifax, The Edward Wood, 1st Earl of Halifax Halifax bank Halifax, Nova Scotia Halifax County, Nova Scotia Halifax (electoral district) (Canada) Halifax class frigate HMCS Halifax (FFH 330... Motto: Parva Sub Ingenti (The small under the protection of the great) Other Canadian provinces and territories Capital Charlottetown Largest city Charlottetown Lieutenant Governor J. Léonce Bernard Premier Pat Binns (PC) Area 5,660 km² (13th) Land 5,660 km² Water 0 km² (0%) Population (2004) Population 137,900... A governor is also a device that regulates the speed of a machine. ... The shilling was a British coin first issued in 1548 for Henry VIII, although arguably the testoon issued about 1487 for Henry VII was the first shilling. ...


External Links

Currency Museum of the Bank of Canada


 
 

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