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Eventually, traders began using various foreign coins as stores of value. In order to trade with Indigenous peoples, the HBC standardized the unit of account as the made beaver, or one high quality beaver skin. In 1795, a made beaver could buy eight knives, one kettle, or a gun could be purchased with 10 made beaver pelts. [2]
A fur trader in Fort Chipewyan, Northwest Territories, in the 1890s A fur shop in Tallinn, Estonia, in 2019 Fur muff manufacturer's 1949 advertisement. The fur trade is a worldwide industry dealing in the acquisition and sale of animal fur.
Modern fur trapping and trading in North America is part of a wider $15 billion global fur industry where wild animal pelts make up only 15 percent of total fur output. In 2008, the global recession hit the fur industry and trappers especially hard with greatly depressed fur prices thanks to a drop in the sale of expensive fur coats and hats.
These goods, and even other furs, were evaluated against one beaver pelt in prime condition, which was known as a "Made Beaver." example of hbc tokens used circa 1854. Fur Trade Tokens.
Blankets of 2.5, 3, 3.5 and 4 point were most common during the fur-trade era. Today, Hudson's Bay blankets are commonly found in point sizes of 3.5 , 4 , 6 and 8 . [3] The misconception persists that originally the points were an indication of a blanket's price in beaver pelts or even its weight.
2 scissors cost 1 beaver pelt; 20 fish hooks cost 1 beaver pelt; 1 pair of shoes cost 1 beaver pelt; 1 gun cost 12 beaver pelts; Examples of Hudson's Bay Company tokens used c. 1854, representing one made beaver along with fractional values. Other animal furs were convertible into beaver pelts at a standard rate as well, so this created a ...
The fort's main export was beaver pelts that could be used for making a beaver-pelt top hat. Over the time Fort Nisqually functioned as a trading post, about 5,000 beaver, 3,000 muskrat, 2,000 raccoon and 1,500 river otter furs were collected.
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