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found my oldest coin yet even though its really not a coin

montanagold

New member
I thought it was a large cent when I pulled it out. the back says one penny. its about the size of a half dollar. This is all i found yesterday besides a few wheat's.
 
It's not a coin :confused: Is it a some kind of token from Cananda?
 
Hey, not bad. That's a Bank of Upper Canada token. They come in half penny and one penny varieties. It's a BIG coin, actually bigger than a half dollar. I bet you couldn't miss the tone that gave you. I got an identical one to yours last year here in mass, and I thought I was about to dig a silver half or dollar from the tone it gave me.

My understanding is they were used as small coinage prior to Canada becoming a formal country in 1867.
 
From Wikipedia:

The Bank of Upper Canada was a Canadian bank established in 1821 under a Charter granted by the colony of Upper Canada in 1819. At one point it was headed by William Allan, a member of the elite Toronto society called the Family Compact. The bank was a small operation which, like many early Canadian banks, collapsed in 1866.

The building which housed the bank, constructed in 1825, still exists in Toronto and has been designated a National Historic Site of Canada.

Here's their former building in Toronto:
 
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