The Hudson's Bay Company

Hudson's Bay Company

The Hudson's Bay Company , abbreviated HBC, or "The Bay" is the oldest commercial corporation in North America and one of the oldest in the world. A fur trading business for much of its existence, today Hudson's Bay Company owns and operates retail stores throughout Canada...

 tokens represented the unit of currency

Currency

In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...

 used in the fur trade

Fur trade

The fur trade is a worldwide industry dealing in the acquisition and sale of animal fur. Since the establishment of world market for in the early modern period furs of boreal, polar and cold temperate mammalian animals have been the most valued...

 for many decades. The largest - one "Made-Beaver" - was equal in value to the skin on an adult male beaver

Beaver

The beaver is a primarily nocturnal, large, semi-aquatic rodent. Castor includes two extant species, North American Beaver and Eurasian Beaver . Beavers are known for building dams, canals, and lodges . They are the second-largest rodent in the world...

 in good condition. Smaller sizes represented one-half, one-quarter, and one-eighth of a Made-Beaver. One side of the brass token bears the Hudson's Bay Company's coat of arms and the other its value.

Before these brass

Brass

Brass is an alloy of copper and zinc; the proportions of zinc and copper can be varied to create a range of brasses with varying properties.In comparison, bronze is principally an alloy of copper and tin...

 token

Token coin

In the study of numismatics, tokens are coin-like objects used instead of coins. The field of tokens is part of exonumia. Tokens are used in place of coins and either have a denomination shown or implied by size, color or shape...

s came into use, a Made-Beaver was represented by a stick, porcupine

Porcupine

Porcupines are rodents with a coat of sharp spines, or quills, that defend or camouflage them from predators. They are indigenous to the Americas, southern Asia, and Africa. Porcupines are the third largest of the rodents, behind the capybara and the beaver. Most porcupines are about long, with...

 quill, and ivory

Ivory

Ivory is a term for dentine, which constitutes the bulk of the teeth and tusks of animals, when used as a material for art or manufacturing. Ivory has been important since ancient times for making a range of items, from ivory carvings to false teeth, fans, dominoes, joint tubes, piano keys and...

 disc, a musket

Musket

A musket is a muzzle-loaded, smooth bore long gun, fired from the shoulder. Muskets were designed for use by infantry. A soldier armed with a musket had the designation musketman or musketeer....

 ball, or anything else agreed upon by trader

Merchant

A merchant is a businessperson who trades in commodities that were produced by others, in order to earn a profit.Merchants can be one of two types:# A wholesale merchant operates in the chain between producer and retail merchant...

 and trapper. The trapper would be handed a number of units agreed upon - representing the value of his catch - and with these would make his purchases from the store. The tokens were designed by George Simpson Mctavish of Albany Fort in 1854.