1854 Half Penny Bank of Upper Canada Token

I looked at about 50 of these today and finally found one that was close to the grade of the One Penny Token I got earlier this month:

 

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That is nice. What was it used for exactly? And are those die cracks around TOKEN and B of BANK?

 

http://metaldetectingworld.com/06_finds_tokens_index_p2.shtml

 

Yes, it's a nice die crack right down to the crown.

 

Very neat coin.

 

hi i must posted about this token but differne t year, i was unaware that the post you had was here. i have one not as good shape as the one you have its a 1 penny 1850.. from what i reads they wee only out in a certain number of years, thinking 1850 was the first year issued.. could i be right

 

sorry just looked at the spelling mistakes i made,, wow sorry about that, fingers are faster on keyboard then my brain, lol

 

You're right, 1850 was the first year they were produced and lasted until 1857.

Here's a link with more infor (second paragraph down).

http://en.wikipedia.org/wiki/Coins_of_Upper_Canada