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1 Penny / 2 Sous Montréal - Mule : City Bank

Issuer City Bank (Montreal)
Year 1837
Type Emergency coin
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Obverse lettering BANK TOKEN CONCORDIA SALUS CITY BANK 1837 ONE PENNY
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Mintage 1837 - Original error -
1837 - Proof -
1837 - Same error, but restrike of Taylor -
Additional information

This piece is a mule — a coin struck from two dies not originally intended to pair together. The City Bank of Montreal never formally commissioned a token series, which is precisely why these exist: private die sinkers in the 1837 period had commercial dies on hand and combined them opportunistically, sometimes with bank authorization and sometimes without. The result was a loose, inconsistent coinage filling a desperate void left by the near-total disappearance of small government-issued copper from Lower Canada circulation.

The Rebellions of 1837–38 and the preceding commercial panic had choked legitimate coin supply entirely.

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