4/30/2023 0 Comments Canadian coins![]() "10-cent piece"), but in practice only the 50-cent piece is known by that name. Officially they are each named according to their value (e.g. There are six denominations of Canadian circulation coinage in production: 5¢, 10¢, 25¢, 50¢, $1, and $2. I’m guessing the Icelandic vending-machine industry is against it. The comic concluded that “poutine-sucking, health care-addicted Canadians” can have their new coins, and he blasted Icelandic politicians who want to adopt the loonie as their currency, calling it a sinister plot - “just the beginning of Canada’s currency coup.” I always thought they bartered with beaver teeth and moose dewlaps.” attempt to put a friendly face on the Alberta tar-sands industry.Ĭolbert’s comic reaction to the glowing coin: “Americans, we must fight this before we lose a generation of young Americans to the scourge of Canadian politeness and fiscal sanity.” (For the record, the dino on the coin, a large herbivore, was one discovered in 1974 by an Alberta science teacher.).Ĭynics would say that the new quarter, which is sure to be a hit with kids, may be part of a P.R. The regular image of the dinosaur (a Pachyrhinosaurus lakustai if you must know) on the quarter transforms into a glowing skeleton in the dark.Ĭolbert: “Canada, keep your dinosaurs where they belong - liquefied in your tarsands and pumped directly into our gas tanks.” That’s not a misprint.Īnd if this sounds like a comedy bit, it is.Ĭlever, Canada-savvy faux cable commentator Stephen Colbert had lots of fun with the new quarter, which features a glow-in-the-dark dinosaur on one side.that uses photoluminescent technology. I’ve saved the best for last:Ī new, just-released glow-in-the-dark Canadian quarter. There are expected to be even more problems with bill-accepting machines when these arrive.īut wait, there’s more Canadian coin news besides the new loonies, toonies and soon-to-vanish pennies. The new Canuck $20 plastic bill is coming this fall, with new plastic tens and fives due next year. Yet, the new see-through Canadian bills ARE cool-looking. ![]() ![]() The lightweight plastic bills, media reports say, are easily torn if they develop nicks, and the money can even melt if exposed to heat. There have also been problems with Canada’s new paper - make that “polymeric” - $100 and $50 bills. ![]() There are no alternatives because there are no Canadian $1 or $2 bills any more more than a billion of loonie coin have been produced since it was introduced in 1987, and 700 million toonies have been minted since the coin was introduced in 1997. One Laundromat owner in Toronto says she’s having to spend C$5000 just to recalibrate the machines in her place of business. The Canada Gazette, the government’s official newsletter, estimated earlier this year that it’ll cost the vending industry C$40 million to recalibrate what it calls “coin-acceptance equipment.” Canadian media are already carrying reports of vending-machine abuse as the new coins keep returning to the slot at the bottom of machines. Vending-machine operators, not surprisingly, are not pleased, either. And Calgary says it’s budgeted over C$30,000 to convert its meters. Ottawa may be saving money with the new loonies and toonies, but the Toronto Parking Authority says it will cost more than C$1 million to recalibrate the city’s 3,000 parking meters, about C$345 per machine. It only FEELS less substantial when you pick one up. The loonie is trading near a 10-year high versus the greenback. That coinage operation has been on a cost-savings program lately: Last month the Harper government in Ottawa announced it will stop minting pennies and drop the coin from retail transactions this summer, rounding up or down. The new coins, which are being issued this month, use multi-ply steel technology, which makes them cheaper to mint than their alloy predecessors, says the Royal Canadian Mint. And that’s causing a lot of headaches (and expense) for vending-machine operators and city governments who have to recalibrate their coin slots and local parking meters. Canada’s just-released new loonies and toonies - its $1 and $2 coins - are slightly lighter than the old ones.
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