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1 Penny / 2 Sous City Bank
| Issuer | City Bank of Montreal |
|---|---|
| Year | 1837 |
| Type | Log in to see details |
| Value | 2 Sous = 1 Penny (1⁄240) |
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| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse script | Latin |
| Reverse lettering | BANK TOKEN CONCORDIA SALUS CITY BANK 1837 ONE PENNY |
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| Mint | Log in to see details |
| Mintage | Log in to see details |
| Additional information |
City Bank of Montreal issued these tokens in 1837 precisely because it had to. The suspension of specie payments that year — triggered by the financial panic spreading north from American markets — drained small change from circulation almost overnight. Private banks across Lower Canada rushed tokens into use to fill the gap left by hoarded government coinage. City Bank's issue was among the more substantial by weight, a deliberate signal of institutional credibility at a moment when public confidence in banks was collapsing.
The LC-9A designation distinguishes this variety within a crowded field of contemporaneous Canadian bank tokens, several of which share dies or were struck by the same Birmingham contractors.