Royal Canadian Mint introduces a new generation of one-dollar and two-dollar circulation coins
08 Abril 2012 - 8:04PM
PR Newswire (Canada)
Multi-ply plated steel composition and visible security features
are latest evolutions for Canada's Loonie and Toonie OTTAWA, April
10, 2012 /CNW/ - The Royal Canadian Mint is pleased to announce
that a new generation of one-dollar and two-dollar circulation
coins, which incorporate advanced security features and are
manufactured with the Mint's patented multi-ply plated steel
technology begins circulating today. More cost-effective than
their predecessors and unprecedented in their security, these new
coins retain the "Common Loon" and "Polar Bear" designs and
physical appearance familiar to millions of Canadian consumers and
businesses. Existing one-dollar and two-dollar coins remain
legal tender and will continue to circulate alongside this new
generation of circulation coins. "As an industry leader and
innovator focused on delivering the best quality and value to its
customers, the Mint is pleased to have produced a new generation of
one-dollar and two-dollar circulation coins which set new standards
in cost-effectiveness, durability and security," said Ian E.
Bennett, President and CEO of the Royal Canadian Mint. "By
combining the Mint's patented multi-ply plated steel technology and
sophisticated security features never before seen on Canadian
coinage, our new high-denomination circulation coins reinforce the
modern and innovative reputation of Canada's currency system." The
new one-dollar and two-dollar coins are manufactured at the Mint's
facility in Winnipeg, Manitoba using the same patented multi-ply
plated steel (MPPS) technology from which Canada's lower
denomination circulation coins have been made since 2001.
This proven technology, by which a steel core is plated with
alternating layers of different metals such as copper, nickel and
brass, employs far less metals than alloy coins and produces highly
cost-effective circulation coins. The Mint's ability to control the
plating thickness of each metal layer also provides greater
flexibility in controlling electromagnetic signatures. This
makes the security of MPPS coins superior to non-plated alloy coins
of the same dimensions. Thanks to the superior advantages of
its patented technology, the Mint's Winnipeg facility has been
producing MPPS circulation coins for a growing list of
international customers looking for the best combination of
cost-effectiveness, quality and security. The next generation of
one-dollar and two-dollar circulation coins also incorporates new,
visible security features which further enhance the security and
integrity of Canada's coinage system. The reverse (or tails
side) of both coins features a laser mark micro-engraving, and the
two-dollar coin also contains a virtual image and
edge-lettering. With the exception of these additional
security features, the new coins will have the same diameter and
thickness as the current coins. These changes to the one-dollar and
two-dollar circulation coins, which support the effort to modernize
Canada's currency system, are permanent. The new coins will
soon appear in general circulation and will be available through
daily business transactions across Canada. All previous
versions of the one-dollar and two-dollar circulation coins issued
since 1987 and 1996, respectively, remain legal tender and will
continue to circulate as usual. About the Royal Canadian Mint The
Royal Canadian Mint is the Crown Corporation responsible for the
minting and distribution of Canada's circulation coins. An ISO
9001-2008 certified company, the Mint is recognized as one of the
largest and most versatile mints in the world, offering a wide
range of specialized, high quality coinage products and related
services on an international scale. For more information on the
Mint, its products and services, visit www.mint.ca. Images of the
Mint's new one-dollar and two-dollar circulation coins are
available by visiting ftp://communications:RCM2007@ftp.mint.ca and
www.mint.ca/new1and2. Royal Canadian Mint CONTACT: (media only),
please contact:Alex ReevesSenior Manager, CommunicationsTelephone:
(613) 949-5777reeves@mint.ca
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