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Topic: $2 coins  (Read 91 times)
AJG
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« on: May 04, 2019, 08:53:19 am »

$2 coins were quite abundant from its inception in 1996 and into the 21st century.  I used to see toonies in my change on a regular basis then.

But, during much of this decade, I noticed there seem to be fewer toonies circulating now than about 10 to 15 years ago.  I was at a convenience store a couple of years ago, and the cashier on duty told me she sees, in an average shift, only one toonie.  The same cashier told me that $10 notes are also rare, but she sees slightly more of them than toonies (which might be a sign that $10 notes are going through a slow but unnoticeable rebounding, possibly due to inflation).

I also noticed that the number of $5 notes has increased in recent years.  I wonder if the reason for the toonie's decline is because purchasing power of the toonie is now the $5 bill?

Has anyone noticed a drop in the number of toonies in circulation?
walktothewater
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« Reply #1 on: May 04, 2019, 11:50:33 am »

Quote
The same cashier told me that $10 notes are also rare,
Her idea of "rare" is a slight exaggeration. "Uncommon" or "limited" might be more fitting for both Tens & Toonies.

I think Tens released into circulation are limited (especially in comparison to the Twenty or Five denominations) for a number of arbitrary reasons.  It may be due to banking orders, regional demands or other factors (like polymer lasting longer).

When the new Vertical Ten came out one BMO branch refused to order some bundles for me.  She told me they had too many of the commemorative and old Tens to warrant an order.     So, not entirely sure why, but they're just not as popular a denomination. 

Quote
Has anyone noticed a drop in the number of toonies in circulation?
- I haven't noticed this around where I live but I'm sure it's possible. 

I have noticed a big drop in the new vertical Tens since their release last fall.  I was seeing fresh new notes from ATM's right up till February (but have seen nothing new since March). 
Beatrix
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« Reply #2 on: May 04, 2019, 04:46:06 pm »

Tens are definitely in relatively low circulation when compared to other denominations. Since the twenty is the most popular denomination for casual cash spending, a ten being a whopping 50% of that means that it is not used as change compared to the more versatile five. I have definitely noticed a trend in which large businesses like grocery stores with cash management programs will have an abundance of tens, but small businesses like delis and coffee shops where cash management is an afterthought have very few.

In regards to toonies honestly I have not noticed the same. I noticed they run out a lot in tills but that is because I find being the first step under a bill they are frequently given out as change more than they are given.

Of course this is all my personal guesses.
 

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