Alloy recovery program keeps Canadians’ pocket change fresh

Coin sorting machines such as those owned by Coinstar, are at the front line of a program to remove older coins from circulation.

Thanks to a little-known program operated by the Royal Canadian Mint, Canadians may have the newest coins in their pockets at any time since Confederation. Called the alloy recovery program, it is system where older-composition coins are culled out of circulation and replaced with new versions. The old coins are mutilated and then melted for... Continue reading →

Circulating coin recalls costliest conflicts

The iconic Canadian photograph Wait for me, Daddy will form the basis of a new Canadian $2 to be issued later this year.

The government has approved a new circulating $2 coin, as well as two new, significantly greater, denominations of non-circulating legal tender coins. An order in council, issued July 2, has authorized coins with the values of $1,000 and $1,250, and the issue of a $2 coin, using the famous image Wait For Me, Daddy, taken... Continue reading →

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