Fair enough Rocky, They were able to add a secondary process to the coining of colour coins that incorporated laser alignment, so I have little problems with believing you. It is possible for the gold issues they are individually etched. However, I have never heard that wording "each coin is individually laser etched" . Therefore the loonie die would have a raised blank circle above the loon with no etched leaf. I don't see why they wouldn't just etch the die?