Only one type of coin, the one-cent piece, was struck for the Prince Edward Island dollar, in 1871.

Below the seal was located the Latin phrase "PARVA SUB INGENTI", translated as "The small beneath the great".

Around the seal and phrase was written "PRINCE EDWARD ISLAND", and the denomination, "ONE CENT".

[1] The Prince Edward Island Treasury issued British pound notes (1848–58) in 5 and 10 shilling, and 1, 2, and 5-pound denominations.

[9] In 1857 the Bank of PEI temporarily closed (citing a provision in their original charter, they suspended all financial transactions for three months) after the directors discovered that the bank president and cashier had made loans that exceeded their capital.

[7] The cashier (William Cundall) remained at the bank while the president (Ralph Brecken) resigned.