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Newfoundland Coins

Before the Bank of Newfoundland issued currency in 1865, Newfoundlanders  used American British, French, Portuguese and Spanish currency. Until 1919, the Government of Newfoundland tolerated the use of foreign currencies in the Newfoundland economy.

In addition Newfoundlanders have used codfish, raw materials credit notes and private companies "tokens" as currency.

The first Newfoundland coins were issued in 1865. Coins that were minted included: large pennys (similar in size and appearance to the English Half Penny) , five, ten twenty and fifty cent pieces, one dollar and two dollar bills. As well as two dollar gold coins.

In the 1920's the twenty five cent piece, or "quarter", was introduced and Newfoundland's twenty cent piece...known as the "fifth" was slowly phased out.

In 1938, the Newfoundland penny was reduced in size and came to closely resemble the Canadian penny or the American cent. From 1865 until 1940, all Newfoundland coins were minted in Birmingham, England. From 1940 until 1947, Newfoundland coins were minted in Canada's Royal Mint at Ottawa.
 

"CODFISH, NEWFOUNDLAND CURRENCY" This pre-confederation stamp illustrates the importance of the Cod Fishery to Newfoundland settlers. In the absence of "hard currency" Newfoundland settlers would use "quentils" of salted fish as a medium of exchange.

 

ONE CENT. The obverse of the 1865 cent has the lauriente bust of Queen Victoria by L.C. Lyon.	ONE CENT. The reverse of the Victorian  was designed by Horace Moreham.

ONE CENT. The obverse of the 1907 cent has the a crowned and robed bust of the King with a chain of the Order of Garter. It was created by G.W. DeSaulles.	ONE CENT. The reverse of the Edward VII coin replaces Victoria's Imperial Crown with the Crown of St. Edward.

ONE CENT. The obverse of the George V coin.	ONE CENT. The reverse of the George V coin

FIVE CENTS. The reverse of Newfoundland's 1865 five cent piece.	FIVE CENTS.  The obverse of the 1865 five cent piece has the lauriente bust of Queen Victoria by L.C. Lyon.
TWENTY FIVE CENTS.  The obverse of the 1917 twenty five cent piece has the lauriente bust of King George V.	TWENTY FIVE CENTS. The reverse of Newfoundland's 1917 twenty five cent piece.
FIVE CENTS.  The obverse of the 1865 "Fifth" has the lauriente bust of Queen Victoria by L.C. Lyon.	TWENTY CENTS.  The obverse of the 1865 "Fifth" has the lauriente bust of Queen Victoria by L.C. Lyon.

 

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