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Info on Token

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"Ships, Colonies & Commerce -- one of the tokens most readily recognized as Canadian, the legend reflects a remark made by Napoleon about the basis of the British empire’s strength. Different varieties (over 25) were struck by Halliday, Heaton, and others. There is a variety that shows an American flag on the ship; it was struck by the New York mint of Wright & Bale."

 

http://www.glencoin.com/presentation_to_glendale_coin_club.htm

 

""Ships Colony and Commerce" tokens were emergency money that passed

as a halfpenny. The issue circulated primarily in Prince Edward Island

between 1830 and the 1860's though they were also known in

Newfoundland, Isle of Man and in Lower Canada. The later pieces with a

well defined sailing ship were designed by Thomas Halliday whose

initial "H" appears on many varieties. An article in the January 1917

Numismatist, the monthly publication of the American Numismatic

Association, by W.A.D. Lees, identifies 54 varieties of SC&C tokens.

There are also pieces that were struck by the New York firm of Wright

& Bale. These tokens often show W & B N.Y. in exergue under the water

line of the ship."

 

http://answers.google.com/answers/threadview?id=302420

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There is a variety that shows an American flag on the ship;

Common misconception, it actually shows an early Canadian flag with a small union jack in the upper left quadrant and the balance of the flap as a series of red and white stripes. On the very small size seen on the coin it does look a LOT like a US flag. There used to be the same rumour about the flag shown over the Parliment building on the back of the old five dollar note. (Think it was the five, might have been the two.) You had to really blow up the image to recognize that it was the Union Jack in the upper left corner.

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