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The E-Sylum: Volume 7, Number 23, June 6, 2004, Article 16 HUDSON'S BAY MADE BEAVER TOKENS The particular numismatic item I had in mind for last week's QUICK QUIZ was the Hudson Bay Company's Made Beaver tokens. Jess Gaylor was the first to guess the answer. But there were several possible answers, as David Gladfelter points out: "Not sure what specific numismatic item HBC is known for. The late Larry Gingras, fellow of the Royal Numismatic and Canadian Numismatic Research Societies, published a 117-page study, Medals, Tokens and Paper Money of the Hudson's Bay Company, in 1975, which lists a large variety of these items, almost all from the 19th and early 20th centuries." From the Currency Museum of the Bank of Canada web site: "In 1670 Charles II of Britain granted a charter to the "Governor and Company of Adventurers of England Tradeing [sic] into Hudson's Bay" giving the company absolute control over the territory drained by the rivers flowing into Hudson Bay. This charter marked the founding of the Hudson's Bay Company, a venture that was to figure importantly in the history of Canada and the fur trade. Initially, trading posts were built in the Hudson Bay region, but by 1821 the powerful trading company had extended its interests all the way to the Pacific coast. Most of the furs traded at these posts were trapped by Aboriginals who bartered the pelts for goods at Company stores. In order to facilitate this exchange, the "made beaver" - the value of a prime beaver pelt-was established as the unit of account. When a trapper brought his furs to the trading post he would receive in return a pile of tokens valued in made beavers. He was then able to select goods from the Company store until his supply of tokens was exhausted. Before metal tokens came into use, locally produced tokens of ivory, stone, bone and wood were used at some Hudson's Bay Company posts. The brass token is the size of a Canadian 25-cent piece and is one of a set of four denominations valued at 1, 1/2 and 1/8 made beaver. These tokens, which were used in the East Main District east and south of Hudson Bay, do not bear a date but were struck sometime after 1857. The letters on the token have the following meanings: HB (Hudson Bay), EM (East Main), NB (made beaver) - the N is a die-cutter's error for M. This token is part of the National Currency Collection, Bank of Canada." National Currency Collection See also the Hudson's Bay company web site: Hudson's Bay The web site describes the company's "amazing archives": "In London, England, during Hudson's Bay Company's 1928 Annual Meeting Governor Charles Sale announced the establishment of an Archives Department. He told the shareholders "We have, as you probably know, an immense collection of records relating to the earliest days of our history; to the wars and fighting; to the explorations by land and sea; to the customs and life of the Indians and Eskimo; to the struggle for the occupation of the Pacific Coast; to the peaceful retention of the Great West; and finally, to the general conduct of the Company and its affairs during the two centuries in which it was responsible for the government of the territory of Rupert's Land." "The Hudson's Bay Company Archives were opened to students of history in May, 1931. The records were moved to Canada in 1974 and placed on long term loan with the Provincial Archives of Manitoba. The Provincial Archives would become the permanent home of the Hudson's Bay Company Archives on January 27, 1994 through donation." Hudson's Bay Company Archives Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@coinlibrary.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum | |
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