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Br. 527. Bank of Montreal Front View Halfpenny, dated 1845.

Currency:CAD Category:Coins & Paper Money / World Coins - Canada Start Price:50,000.00 CAD Estimated At:50,000.00 CAD
Br. 527. Bank of Montreal Front View Halfpenny, dated 1845.
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A Special Strike. The 1845 Bank of Montreal Halfpenny.
One of only four known, the ONLY one in private hands.

Courteau does not list it in his catalogue, The copper Coins of the Bank of Montreal. He comments, on completing his description of the halfpennies of 1842 and 1844: Before closing with this series, let me mention here that there is to be found a halfpenny dated 1845, but as this token is generally known as a pattern, I feel justified in mentioning the fact only and in not assigning to it a separate number. The coin does not fall into the category of a pattern. The document authorizing the coinage, signed by the Solicitor General, dated April 8th, 1842 authorized the coinage until the first day of January, 1845, and no longer. As there was an anticipation of a coinage for 1845, and the last delivery of coins which arrived in Montreal in June of that year, it is possible that dies may have been prepared in late 1844, anticipating an early delivery of bank coppers for 1845, but when it became apparent that the dies for 1844 would continue to be used for the 1845 delivery of coppers, only the early productions of a very few proofs represent that issue. The coin may be a special strike initiated by Boulton and Watt, perhaps for collectors. McLachlan made no claim as to the status of the 1845 halfpenny, simply stating that he only knew of two specimens, that of Thomas Wilson, which was subsequently sold to W.W.C. Wilson, and that sold at the Murdoch Sale in 1903, purchased by Austin for £5 (with an 1842 and 1844 halfpenny). The Murdoch specimen may be the one that resides in the British Museum today, but that is uncertain. The W. W. C. Wilson Sale of 1925, and 1926 both offered specimens of the 1845 halfpenny. In the 1925 Sale the piece sold for $80.00 to "Order". One of my copies, said to be that of Chapman, noted "W.R.", indicating Wayte Raymond was the purchaser, but I'm uncertain as to the accuracy of this. The Wilson Plate coin is nigh perfect, but so is the Loye specimen, and it may represent the same coin. The specimen in the 1926 Sale sold for $125.00 to Renaud, probably for the Château de Ramezay. This coin presently resides in the National Currency Collection at the Bank of Canada in Ottawa. Another specimen was offered for $500 in a newspaper advertisement, sometime between 1913 and 1917 by George Wilfrid Parent, a prominent Montreal collector and dealer, and this may be the one that came into the hands of John Loye, or it could have been purchased by W.W.C.W. himself. W.B. Tennant also had a specimen, graded as unc. in his inventory. This is probably the one that presently resides in the American Numismatic Society's Collection. It had been purchased in 1955 with the rest of the Tennant coin collection by New Netherlands, represented by John Ford. It seems, therefore, that though three of the specimens are now secured in important public collections, at least two were acquired from private collections.

Documents relating to the copper coinage of the Bank of Montreal are held at the Bank's archives, all of which have been transcribed by McLachlan in The Copper Currency of the Canadian Banks, published in the Royal Society of Canada’s Transactions, in 1903. It contains copies of Reports, and Communications between the Bank and its officials, and the government between 1842 and 1845. The issues of 1842 and 1844 were distributed, and 49 casks of coins, valued at £1003 landed at Montreal on July 4, 1845. These coins were, however, all dated 1844.



Br. 527. Bank of Montreal Front View Halfpenny, dated 1845. - 8.39 grams. PROOF.



Note this lot is part of the Richard Cooper Collection.