New coins

[frugalcanuck]

I just heard the mint is coming out with plated steel Loonies an Toonies.

[henrysmedford]

The New $1 Coin

Instead of traditional alloys, and like the new two-dollar circulation coins, Canada's new one-dollar circulation coins are manufactured using the same Multi-Ply Plated Steel technology found in our current 25-cent, 10-cent, 5-cent and 1-cent circulation coins This patented process covers a steel core with alternating layers of metals such as copper, nickel and brass. The resulting coins are more economical to produce, durable and secure.

While the new one-dollar circulation coin maintains the traditional "Loon" design, there is one visible change:

A single laser mark of a maple leaf positioned within a circle on the coin?s reverse – i.e. around the Loon design. This laser mark is produced during the striking of the coins using a contrasting pattern micro-engraved on the coin die itself.
Specifications:
Diameter: 26.5mm
Edge Height: 1.95mm
Weight: 6.27g
Composition: Multi-ply brass plated steel

The New $2 Coin

Like the new one-dollar circulation coins, Canada's new two-dollar circulation coins are manufactured using the Mint's Multi-Ply Plated Steel technology.

While the new two-dollar coin maintains the traditional "Polar Bear" design, there are three visible changes:

The addition of two laser marks of maple leaves, each within a circle, at the bottom of the coin's reverse – i.e. on the side with the Polar Bear design.
A virtual image of two maple leaves will appear at the top of the coin – a different image is produced as the coin is turned from side to side. The virtual image is produced by engraving different patterns on each side of two-sided grooves on the face of the coin.
Edge-lettering of the words "CANADA" and "2 DOLLARS" are engraved along the coin's outer edge.
Specifications:
Diameter: 28mm
Edge Height: 1.75mm
Weight: 6.92g
Composition:
Outer Ring –Multi-ply nickel plated steel
Insert –Multi-ply brass plated aluminum bronze

[fasTT]

Came out today.

We will have some by the end of the week.

[uthminsta]

All that technology, and they will still be sticking to the magnets on all our sorters. (grin)

[mtalbot_ca]

Wait for this ''Glow in the Dark'' Dinosaur 25 cent coin. See: http://www.mint.ca/store/coin/dinosaur- ... rod1290004

Although not a circulation piece, the RCM Mint is going wild on the innovation front.

Bye,

[twentybux]

Wait for this ''Glow in the Dark'' Dinosaur 25 cent coin. See: http://www.mint.ca/store/coin/dinosaur- ... rod1290004

Although not a circulation piece, the RCM Mint is going wild on the innovation front.

Bye,

Pretty cool ideas coming from up north!

[frugalcanuck]

Pretty cool ideas coming from up north!

I dont know if cool is the correct word... There are talks about a digital "currency".

[henrysmedford]

New coins will mean higher costs for some Canadian businesses


BY CAROLE DASTOUS, POSTMEDIA NEWSAPRIL 13, 2012


Canada's new loonies and toonies may cause headaches and extra expense for businesses.

Earlier this week, the Royal Canadian Mint put into circulation a new generation of the coins that use patented, multiply steel technology, which has been used in smaller coins since 2001.

Although the appearance, diameter and thickness of the coins remains the same, an official with the mint says the density has changed by "fractions of a gram."

The new coins also have enhanced security features.

Businesses, however, say the new coins will require upgrades to coin-operated machines.

"I don't know if the new coins will fit in our machines," said Simo Caffe owner Jessica Seguin. "If they don't fit, it will cost $300 to $600 per machine to upgrade the coin mechanism."

In Calgary, the city's parking authority expects about 700 parking machines will have to be calibrated to accept the new coins, said general manager Troy McLeod, noting it will cost about $30,000. Once the work is done, McLeod said the old loonies and toonies will still be accepted.

Jay Toporowski, who reprograms coin machines with Calgary's J-Tech Vending Sales & Services, said the new loonies and toonies will cost time and money for everybody in the vending industry.

"And later in the year," said Toporowski, "we will have to reprogram again for the new $20 polymer bills."

In the past six months the Bank of Canada has issued polymer $100 and $50 bank notes.

The $20 polymer note is expected in late 2012, while the $10 and $5 polymer bills are scheduled to arrive in late 2013.

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