The sad state of Canadian coinage

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Hi,

I’ve been finding many disgusting coins in my searches recently.

The Royal Canadian Mint should be ashamed by the low quality of modern circulation coins.  The multi ply plated steel technology should be considered a failure.  Modern coins are not resilient and rust out after sustaining the smallest nick in the plating.

Coins are supposed to reflect the pride of a nation; are we content to have garbage like these coins in the photo in circulation for all to see?

A return to nickel or cupronickel would be the wisest choice.  We still have coins over 50 years old in circulation that are in better shape than these modern pieces of garbage.

Just my thoughts,
Dean

I see these rusty and damaged coins in my change and I'm not a big fan of it, even the ring of death coin too caused by coin rolling machines.

Sometimes the cashier won't accept it or even they put the coins that are rusted or damaged aside because customers will complain that they get those type of coins in their change and feel disgusted by it. I don't mind it as I usually just use it for bus fare and deposit it in the fare box.

The RCM should be removing those coins out of circulation so our change can be fresh and clean.

I did a coin hunt of a bucket of coins from a bar that were very dirty and disgusting like those in your photo. Beer caps, sticky stuff, miscellaneous junk, etc. gets thrown in these buckets and I wonder if this could be where your came from?

I went to Tim Horton’s to get myself a cup of French vanilla and I got this toonie back in my change? I wonder if I should try to clean it off or is it not worth it?

TN56, just spend it for another french vanilla !  

TN56, just spend it for another french vanilla !  

Will do for sure

I don't know why banks are not replacing the many rusty and damaged coins that are circulating. Maybe it's because the banks are being very frugal with ordering money due to budget issues (makes sense, since traffic is currently in decline), and/or the banks are preparing for the demise of over-the-counter teller service, in which the affected branches will have cash in ATMs only (and ATMs are obviously not going to dispense anything less than $5 or $10 bills).  But with crooks using stolen construction equipment to damage bank branches and steal ATMs (it started in Eastern Newfoundland, and now recently reported in Toronto), the future of ATMs may eventually be in limbo too.

It was reported on CTV last fall that Scotiabank is discontinuing over-the-counter teller service for some branches this year. One branch each in Ottawa and Nova Scotia are confirmed to be affected.  The Ottawa branch will keep the ATM on site, but unfortunately it won't have anything less than $10 bills.