W ARD ▁IS L AND ", ▁and ▁the ▁den om ination , ▁" ONE ▁C ENT ". ▁ ▁The ▁coin ▁was ▁produced ▁at ▁the ▁He aton ▁M int , ▁due ▁to ▁the ▁London ▁M int ▁having ▁to ▁strike ▁domestic ▁co ins . ▁However , ▁the ▁" H " ▁mint ▁mark ▁is ▁missing . ▁The ▁coin ▁is ▁composed ▁of ▁ 9 5 % ▁co pper . ▁ 4 % ▁tin , ▁and ▁ 1 % ▁z inc . ▁It ▁has ▁a ▁weight ▁of ▁ 5 . 6 7 ▁gr ams ▁and ▁a ▁diameter ▁of ▁ 2 5 . 4 0   mm . ▁It ▁has ▁a ▁plain ▁edge . ▁ ▁Two ▁million ▁one - cent ▁pieces ▁were ▁mint ed . ▁P E I ' s ▁government ▁would ▁experience ▁difficulties ▁in ▁placing ▁the ▁co ins ▁in ▁circul ation — 1 0 ▁years ▁were ▁needed ▁for ▁the ▁government ▁to ▁get ▁rid ▁of ▁them . ▁The ▁last ▁of ▁the ▁co ins ▁were ▁sold ▁at ▁a ▁ 1 0 ▁percent ▁disc ount . ▁ ▁Bank notes ▁The ▁Prince ▁Edward ▁Island ▁Tre as ury ▁issued ▁British ▁p ound ▁notes ▁( 1 8 4 8 – 5 8 ) ▁in ▁ 5 ▁and ▁ 1 0 ▁sh illing , ▁and ▁ 1 , ▁ 2 , ▁and ▁ 5 - p ound ▁denomin ations . ▁The ▁Mer chant ▁Bank ▁of ▁Prince ▁Edward ▁Island ▁issued ▁bank notes ▁( 1 8 7 1 – 9 1 ) ▁in ▁ 1 , ▁ 2 , ▁ 5 , ▁ 1 0 , ▁and