Comments on: Royal Canadian Mint to Change Coin Compositions

By: Richard

Richard — Mon, 15 Dec 2014 16:13:32 +0000

Article mentions the penny, which Canada no longer mints. Otherwise it sounds as though they’re trying to save some nickel (metal, the coin having changed years ago). See my note on the companion article on the US not changing its coinage composition. Sounds like they’re way ahead of us. Again.

By: Munze

Munze — Wed, 17 Mar 2010 23:36:49 +0000

Why should we expect the US to listen to anything that Canada does? After all, in this country coinage decisions are made by members of Congress who are more concerned about the size of the letters in “In God We Trust” than they are about whether we have an effective coinage system. Otherwise we wouldn’t be wasting $700 million to $1 billion a year printing $1 bills and refusing to use $2 notes or coins. And I’m sure if anyone proposed buying Canadian technology some back-bench bonehead would be railing about how Canada is a “socialist/communist dictatorship” because they have national health care, went metric 35 years ago, etc. etc.

By: jim

jim — Wed, 10 Mar 2010 14:08:00 +0000

I wonder if this technique would work for our penny. Of course the US would have to pay a license fee for the patent so maybe it wouldn’t be cost effective anyway in the end.

By: Edward Campbell

Edward Campbell — Wed, 10 Mar 2010 00:38:56 +0000

Proudly produced? I can understand publishing press releases, but at least edit out the puffery.

By: Vachon

Vachon — Tue, 09 Mar 2010 21:41:26 +0000

Why would they do that when the seignorage for those coins is already very high? There’s a certain wisdom in having a coin composition with an intrinsic value that’s not too low in order to avoid counterfeiting. I certainly hope the United States isn’t considering such things for our 10¢ through 100¢ coins.