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 Replies: 10 / Views: 5,238 |
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Pillar of the Community
Canada
2019 Posts |
Ok so are these considered legal tender currency? The non test tokens in the 2011 set are but what about the loonie and toonie that has the laser T and E /   And then sets like the RCM 2004 poppy test token set.  Edited by Northerncoins
10/30/2015 05:39 am
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Bedrock of the Community
Australia
21788 Posts |
They have the issuing authority and the denomination stamped on them. Legally, they shoud be covered under Canadian currency Law as legal tender.
Wheather they are actually accepted as currency, is an entirely different thing.
If they can be stacked with other coins of the same denomination, and can be used in vending machines, they have every possibility of being used as currency.
That would be a shame, they are collectors' pieces.
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Pillar of the Community
 Canada
9864 Posts |
The 2011 loonie and toonie are legal tender.
The 2004 test tokens are not coins or legal tender as they have no denomination nor effigy of the Queen on them.
"Dipping" is not considered cleaning...
-from PCGS website
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CCF Master Historian of USA Commemoratives
 United States
12277 Posts |
The tokens in the 2004 set are just that - tokens. They are not legal tender as they don't feature a denomination. While they may be accepted by a vending machine, they are not legally coins.
The test "tokens" in the 2011/2012 are a different matter. As they feature the regular design and composition for their denomination (except for the "E" and "T" marks) and are stamped with the appropriate denomination, they are more "coin" than "token" and would have little trouble being used alongside the standard $1 and $2 coins. My understanding is that they are considered legal tender.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
Canada
5324 Posts |
One would think they are called test tokens for a reason, but who would notice the toonie and loonie
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Pillar of the Community
United States
2408 Posts |
Regardless, I would never consider using them beauties in a vending machine.
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Pillar of the Community
 Canada
2019 Posts |
Quote:
The test "tokens" in the 2011/2012 are a different matter. As they feature the regular design and composition for their denomination (except for the "E" and "T" marks) and are stamped with the appropriate denomination, they are more "coin" than "token" and would have little trouble being used alongside the standard $1 and $2 coins. My understanding is that they are considered legal tender. The 2011 loonie/toonie "test tokens" are not legal tender. I emailed the RCM mint and they confirmed it. Although I agreed you could spend them and no one would know the difference as they look identical to the untrained eye . But they do seem "lighter" and are a different composition possibly , they may not work in a vending machine. Anyone want to "test" it out?  Edited by Northerncoins
11/21/2015 09:02 am
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Pillar of the Community
Canada
5324 Posts |
Most test tokens were exact size and weight of the issued coin, except for like a loonie test token that was round at one point in it's design. These test tokens are kind of rare and worth quite a few bucks. the original design of the now loonie was a voyagauer dollar design, but the dies were lost in transit to Winnipeg and thus the loonie.
Edited by john100
11/21/2015 12:52 pm
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Pillar of the Community
Canada
2019 Posts |
Quote:
the original design of the now loonie was a voyagauer dollar design, but the dies were lost in transit to Winnipeg and thus the loonie. Seriously? They started using the loon for that reason, I doubt that lol, but what do I know I guess. I think your making a funny... |
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Pillar of the Community
Canada
5324 Posts |
Yes, the loonie was a last minute design replacement, if you can believe it the RCM in Ottawa created the new dollar dies shipped it by courier and supposively got lost in transit, one set eventually showed up in a dealer who returned them. Apparently there is a large reward for the other missing set |
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Pillar of the Community
Canada
1751 Posts |
Its true, the dies were lost in same shipment, even though packed separately. They still haven't been located. I think we are do for another design charge, especially for other coins! I wonder what became of them!
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Replies: 10 / Views: 5,238 |
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Posted 10/30/2015 07:20 am
