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Security Features On Loonies And Toonies

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TheForce's Avatar
United States
4870 Posts
 Posted 04/17/2015  2:35 pm Show Profile   Bookmark this topic Add TheForce to your friends list Get a Link to this Message Number of Subscribers
Were the security features on the loonie and toonie necessary? Was counterfeiting a real issue with these coins to warrant such measures?
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SPP-Ottawa's Avatar
Canada
10460 Posts
 Posted 04/17/2015  3:22 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

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Fixguy's Avatar
Canada
532 Posts
 Posted 04/17/2015  5:59 pm  Show Profile   Bookmark this reply Add Fixguy to your friends list Get a Link to this Reply
Now that the coins are plated steel the base metal is cheap and worth forging.
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Libertad's Avatar
Canada
3692 Posts
 Posted 04/17/2015  8:55 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Those fakes are terrible and easy to spot. I've seen at least three. The new security details are nothing more than laser engraving, which on a worn coin means nothing. If they made coins holographic like the polymer bills they would have more success, but it's an expensive process. If I were head of the mint I would have all 5 and 10 cent coins made of silver and the rest out of nickel again. They really aren't trying by making them out of steel and plating - it's lazy and cheap, just like criminals.
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TheForce's Avatar
United States
4870 Posts
 Posted 04/23/2015  4:04 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
A few days ago I contacted the Royal Canadian Mint via their website. Still waiting to hear back from them. I was asking why the Specimen toonies do not have the security features as their circulation counterparts do.
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ShareBear's Avatar
Canada
499 Posts
 Posted 04/23/2015  7:24 pm  Show Profile   Bookmark this reply Add ShareBear to your friends list Get a Link to this Reply
I think the security features are a good idea as well as the removal of older loonies and toonies. Look at UK their 1 Pound coin has so many different types of fakes. Fakes that are so good they work in vending machines.
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