Halifax rating

Halifax rating

The Halifax rating was a valuation of the Spanish dollar in the £sd accounting system. It set the Spanish dollar at a value of 5 shillings and was established c.1750 in Halifax, Nova Scotia. The rating was 6 pence higher than the actual silver content of the coins should have allowed. This was done in order to keep the coins in circulation as there was no advantage to melting the coins for their bullion content.

The Halifax rating was used officially in Upper and Lower Canada until 1841 when the gold standard was adopted for the dollar. However, United Empire Loyalists brought the York rating into Upper Canada, where it persisted well into the 19th century despite its outlawing (in favour of the Halifax rating) in 1796.


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Home in Halifax — Infobox Album | Name = Home In Halifax Type = Live album Artist = Stan Rogers Released = 1993 Recorded = March 12, 1982 Genre = Folk Length = 64:01 Label = Fogarty s Cove Music Producer = Reviews = *Allmusic Rating|3|5… …   Wikipedia

  • History of Canadian currency — Canada has an extensive history with regards to its currency. Beginning in the early 16th Century, items such as wampum and furs were actually considered currency. With the colonization of France and England, various coins were introduced in the… …   Wikipedia

  • Canadian pound — The pound was the currency of Canada until 1858. It was subdivided into 20 shillings , each of 12 pence . In Lower Canada, the sou was used, worth ½ penny.HistoryAlthough initially based on the British pound, with some British coins circulating,… …   Wikipedia

  • New Brunswick pound — The pound was the currency of New Brunswick until 1860. It was subdivided into 20 shillings, each of 12 pence, with the dollar (initially the Spanish dollar) circulating at a value of 5 shillings (the Halifax rating). Contents 1 History 2 Coins 3 …   Wikipedia

  • Kanadisches Pfund — Das Kanadische Pfund (englisch Canadian pound; CAP) war in der ersten Hälfte des 19. Jahrhunderts die gültige Landeswährung in der Provinz Kanada. Wie das britische Pfund war das kanadische Pfund in 20 Shilling zu je 12 Pence unterteilt.… …   Deutsch Wikipedia

  • cañada — /keuhn yah deuh, yad euh/, n. Chiefly Western U.S. 1. a dry riverbed. 2. a small, deep canyon. [1840 50; < Sp, equiv. to cañ(a) CANE + ada n. suffix] * * * Canada Introduction Canada Background: A land of vast distances and rich natural resources …   Universalium

  • Canada — /kan euh deuh/, n. a nation in N North America: a member of the Commonwealth of Nations. 29,123,194; 3,690,410 sq. mi. (9,558,160 sq. km). Cap.: Ottawa. * * * Canada Introduction Canada Background: A land of vast distances and rich natural… …   Universalium

  • USS Chesapeake (1799) — For other ships of the same name, see USS Chesapeake. Career (United States of America) …   Wikipedia

  • Rolls-Royce Merlin — Merlin The Rolls Royce Merlin …   Wikipedia

  • Civil parishes in West Yorkshire — A map of West Yorkshire, showing the Metropolitan Boroughs: (1) Leeds; (2) Wakefield; (3) Kirklees; (4) Calderdale; and (5) Bradford. A civil parish is a subnational entity, forming the lowest unit of local government in England. There are 97… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”