TORONTO – Canadian wallets and change purses will get a noticeably different feel as the Royal Canadian Mint unveiled a new generation of one-dollar and two-dollar circulation coins with enhanced security features.
The Government of Canada says the new coins will be more resistant, long-lasting and cheaper to produce with its patented Multi-Ply Plated Steel technology.
The next generation of the Loonie and Toonie will incorporate new visible security features which further enhance the security and integrity of Canada’s coinage system.
“As an industry leader and innovator focused on delivering the best quality and value to its customers, the Mint is pleased to have produced a new generation of one-dollar and two-dollar circulation coins which set new standards in cost-effectiveness, durability and security,” said Ian E. Bennett, President and CEO of the Royal Canadian Mint.
Get breaking National news
The reverse (or tails side) of both coins features a laser mark micro-engraving, and the two-dollar coin contains a virtual image and edge-lettering.
With the exception of these additional security features, the new coins will have the same diameter and thickness as the current coins.
The new coins will soon appear in general circulation and will be available through daily business transactions across Canada.
All previous versions of the one-dollar and two-dollar circulation coins issued since 1987 and 1996, respectively, remain legal tender and will continue to circulate as usual.
The new one-dollar and two-dollar coins are manufactured at the Mint’s facility in Winnipeg, Manitoba.
You can view the new coins in this video below.
Comments
Want to discuss? Please read our Commenting Policy first.