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Federal Budget Announces Change in Composition of $1 and $2

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canadian_coins
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USA
458 Posts

Posted 03/17/2010  10:39 am  Show Profile   Bookmark this topic Add canadian_coins to your friends list  Get a Link to this Message

"The current composition for the one-dollar coin is bronze plated nickel, while the current composition for the two-dollar coin is, for the inner core, aluminum bronze (copper, aluminum and nickel), and for the outer ring, pure nickel. The primary new composition of both coins, to be launched at the beginning of 2011, will be multi-ply plated steel. "

- http://www.mint.ca/store/news/feder...out+the+Mint





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SilverMaple
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Canada
181 Posts

Posted 03/17/2010  10:54 am  Show Profile  Check SilverMaple's eBay Listings   Bookmark this reply Add SilverMaple to your friends list  Get a Link to this Reply

interesting thanks for sharing

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tamarin
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Canada
68 Posts

Posted 03/17/2010  11:18 pm  Show Profile   Bookmark this reply Add tamarin to your friends list  Get a Link to this Reply

Why don't they just seal a supply contract with Tiddly-Winks? They could etch the coins on coloured disks. Does this mint have no shame?

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1cent
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Canada
357 Posts

Posted 03/18/2010  12:26 am  Show Profile  Check 1cent's eBay Listings   Bookmark this reply Add 1cent to your friends list  Get a Link to this Reply

It's all about the bottom line. If they could get away with stamping the coins on plastic flans, they probably would. Meanwhile, my stockpiling of pre-1982 nickels continues.

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TheForce
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USA
2380 Posts

Posted 03/18/2010  12:30 am  Show Profile   Bookmark this reply Add TheForce to your friends list  Get a Link to this Reply

I'm surprised this alloy change hasn't happened sooner.

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canadian_coins
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USA
458 Posts

Posted 03/18/2010  9:29 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list  Get a Link to this Reply


What about anodized aluminum coins? Will we ever see this from the Mint?





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1cent
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Canada
357 Posts

Posted 03/19/2010  12:20 am  Show Profile  Check 1cent's eBay Listings   Bookmark this reply Add 1cent to your friends list  Get a Link to this Reply

CC, I doubt it. Aluminum is worth twice what steel is. The mint is pretty much scraping the bottom of the barrel already with steel coins. A steel dime is smaller than a steel cent, yet carries 10X the face value. Intrinsic value has been a lost concept since 1967.

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livingdinasaur
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USA
1518 Posts

Posted 03/19/2010  3:50 pm  Show Profile   Bookmark this reply Add livingdinasaur to your friends list  Get a Link to this Reply

I sure hope not! That color hurts my eyes!


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