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 Replies: 16 / Views: 3,831 |
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New Member
Canada
48 Posts |
Poll Question
Forgive me if this question has been asked already...
It has been 79 years since Canada last updated the designs for our penny, nickel, dime, quarter, and half-dollar. Since then, the maple leaf, beaver, Bluenose II, caribou, and Canada's Coat of Arms have been staple symbols on our currency.
I'm a huge fan of these designs, yet I have to ask you all this question - is it time to revise our currency to reflect a modern Canada? We've already lost the penny, but what should we do with the remaining circulating coins? (including the $1 and $2 coins)
If you are of the opinion that we should update our designs, what news designs would you recommend? ie. First Nations, Canada's Prime Ministers, Maple Leaf, Wildlife, No Monarchy, etc.
Just interested to hear your thoughts on this - don't hold back!
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Pillar of the Community
Sweden
1078 Posts |
Quite honestly, the only update I think is needed is a 20 cent coin, smaller 5 cent coin and get the 50c coin circulating. The designs, although old, are still relevant today. They don't look to me like they are almost 80 years old  |
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Pillar of the Community
Canada
1505 Posts |
When we change monarchs, I think we could change the design. I would agree that we should go more towards a european style system with .05, .10, .20, .50, $1, $2.
For the design, I would want it to be something consistent and reflects symbols of canada, but not kiddish stuff that was seen in many of the 1999/2000 quarters. I keep trying to think what that would be, but I always come back to maple leaf, beaver, coat of arms, canoe, migratory bird, bear, fish and snowflake. Maybe just an update of some of the designs or switch it up a bit, with the first three being most important to me. I don't really like the cariboo.
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Pillar of the Community
 Canada
2360 Posts |
With the proliferation of new pay vehicles, there will be much less need for coins.
My sense is that govt will eliminate rather than augment. Maybe put out a $5 coin.
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Bedrock of the Community
Australia
21786 Posts |
I think that Canada is way ahead of the U.S. in innovation for the circulating currency. Introduction of a 20 Cent coin makes sense to me.  |
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New Member
 Canada
48 Posts |
Interesting that at this moment the poll sits 71% of favour of staying the course with the designs we have. Also interesting reading some of your discussion point so far, including: Quote:
When we change monarchs, I think we could change the design. Agreed, if we were to make a change, it seems appropriate to do so at the conclusion on of QEII's reign. Quote:
With the proliferation of new pay vehicles, there will be much less need for coins. There's no avoiding the move towards digital currency it seems. Good point, we may not even have our current hard currency around for too much longer. Quote:
For the design, I would want it to be something consistent and reflects symbols of canada, but not kiddish stuff that was seen in many of the 1999/2000 quarters. It terrifies me how much the RCM turns to contests to help them make decisions on design, much like they are doing with Canada 150 series. They no longer seem to hire experts like Alex Colville, Kruger-Gray, or Emmanuel Hahn in order to get things done right. Don't get my wrong, contest have not been all bad, but the RCM certainly has the resources to take a more professional approach. For this reason alone, I'd stick with our current designs. |
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Pillar of the Community
Canada
2495 Posts |
I voted for 'no' change. However, if I knew it would be done with class, tradition and above all else 'expertise', I would vote for a change. I would guess though, the new changes would be some modern 'off the wall' symbol that some yahoo thinks represents Canada and to boot, the design would be poorly represented on the coin (ex. the mountain lion on the silver maple).  |
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Valued Member
Canada
320 Posts |
To note on a couple comments above:
Hate the idea of reintroducing the 50 cent coin
hate the idea of bringing in a 20 cent coin.why have a 20 cent coin if we have a 25 cent...
Love the idea of making our nickel smaller!- the nickel being our lowest denomination should have the smallest dimensions.
As for the design; I don't like the idea of a complete change for all denominations. I like the idea of a snowflake and maybe we could use that design on a "small nickel" that would look fantastic on a proof or specimen issue in specific.
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Valued Member
Canada
158 Posts |
I think the 25 cent coin (quarter) is too ingrained in our culture and our southern neighbours to be changed to a 20 cent coin. I wouldn't mind getting rid of nickel and seeing the 50 cent back in circ.
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Valued Member
Canada
148 Posts |
The only thing I'd like to see changed is the obverse! Out of all the monarch portrayals I like this current one the least, no I will go one step further and say I dislike it. Lets put some variety on the obverse.
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Pillar of the Community
Canada
2845 Posts |
Quote:
With the proliferation of new pay vehicles, there will be much less need for coins.
My sense is that govt will eliminate rather than augment. Maybe put out a $5 coin.
 The original intent of coin was to make purchases. Over time considering inflation the purpose of the lower denominations is not clear. Moreover in recent years, RCM has been pulling older coin out of circulation, replacing it with low cost steel-plated coin. It's doubtful they'd encur the added expense of any other significant changes by altering denomination (20c). Has everyone forgotten next year is Canada's 150th birthday? I thought RCM was minting a complete one year circulation series to celebrate the event? My bet would also be on an updated effigy of the queen in 2017. No signs whatsoever that our newly elected federal govt has any intent on divorcing Canada from Queen Mom. |
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Pillar of the Community
Russian Federation
5172 Posts |
Quote:The designs, although old, are still relevant today. They don't look to me like they are almost 80 years old (and this also applies to the cent, which is sadly not made anymore). I suppose maybe a changed 50 cent coin is a possibility (that design does look a bit old, and it's not like anyone uses them much anyway), but, well, as doubleeagle said... Quote:
I would guess though, the new changes would be some modern 'off the wall' symbol that some yahoo thinks represents Canada and to boot, the design would be poorly represented on the coin (ex. the mountain lion on the silver maple). (I didn't know about this type, but that sure is ugly!) That said, I am somewhat sad that the beautiful alternative designs from the 1967 series had not (to my knowledge) been significantly used later; in particular, as far as I know, they are not proposed for 2017. |
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Pillar of the Community
Canada
5324 Posts |
Stable coins and currencies are signs of stable governments, except for a 60 cent dollar at the moment.
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Pillar of the Community
Canada
5588 Posts |
I vote no change. If given the chance, the RCM would put out kindergarten drawings, fluorescent designs, cartoons, superman, or some other god-awful stuff. We are used to what we have now, so why give them a chance make things worse? I would like to see the nickel get smaller. I still get them mixed up with a quarter when reaching into my pocket and just seeing the queen. Edited by okiecoiner
02/18/2016 09:53 am
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Pillar of the Community
Canada
9864 Posts |
I believe the next big change will see the 25 cent coin replaced by a 20 cent.
Somewhere down the road the 5 cent coin will suffer the same fate as the 1 cent and be discontinued.
With the nickel gone the quarter becomes useless as we will be rounding to the nearest 10 cents.
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
02/18/2016 09:53 am
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Valued Member
Canada
154 Posts |
I concur with DBM and have seen this discussed in other venues. As nickels are my favourite Canadian coin, I would not be happy though!
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Replies: 16 / Views: 3,831 |
Posted 02/17/2016 02:53 am
