2012 Toonie

source for that number?

and 3 million minted? or 3 million in circulation? there is a HUGE difference.

the early, non security type, were recalled. anything ordered by dealers/collectors made it out into the wild, any initially sent to a bank were sent back to the mint and recycled. so the only number that matters is the difference between how many were minted and how many made it out alive.

I've found countless new security types in circulation, and in the last few weeks about 10 of the 1812 type in customer wrapped bank rolls (seems about as common as the security issue), but not a single "old type". if the numbers minted of each type were similiar (between 3-5 million of each) I would expect to find a similiar number in circulation. it just isn't happening. same can be said for the 2012 "type 1" loonie.

so while I am not getting "excited" it is definately something to watch out for. I am not sure how much info the mint releases about how many coins it reclaims, but am hopeful in one of their reports for 2012 it will give an idea as to how many survived.

I have been looking for 2012 old style loon and toon. Haven't seen one yet.

along with all the non- multiply issues.

that is all part of their alloy recovery program. (any pre multi-ply canadian circulation coinage is going to get pretty thin in the coming years)

while the loon/twoon type 1 would fall under this by default I am still inclined to believe the early $1 & $2 coins for 2012 had their own set of circumstances above and beyond. they just aren't 'out there'

The issue was never counterfeiting - it was metal prices: nickel is too expensive to be on a coin. Once they are redesigning why not include security features?

Remember: the Mint strike coins for more than 70 countries. These clients like to know they are being served by top notch technical suppliers and may have requirements unknown to us.

There are a few major distribution hubs in the country. That truck had the whole supply for one of the hubs. The accident may be part of the shortage reason but I think the availability of 2011 coins is the main reason - they are being distributed first.

Commemorative coins get to the market quicker - there are other distribution tactics the Mint uses, including the special wrapping and special delivery to selected points of sale/trade (coffee shops, little banks, etc).

I really think they should have taken their time with the problem occurring around the rims of the new toonies. The RCM is a world-class mint, right up there with Britain, Australia, and the U. S. of A. The RCM innovates. Why they would get lazy on quality control is beyond me, probably to satisfy the demand for cash (the toonie is the best denomination for coffee, tips, and parking, amongst many other expenses). I doubt people even check their toonies for counterfeits anyways. Ever since getting 2 in my change in under a 3-month timespan I'm always checking them for outright Montreal 2005 fakes. But I check mainly by sound, color, and weight. I've still only found 1 "old-style" 2012 toonie and I'm holding onto it for years to come. I just hope that the 2013 toonies are up to better standards.

if there are still 2011 loonies and twoonies waiting to be distributed they aren't going to be distributed first, they are goin to be melted down for scrap.