Tuesday, May 31, 2016

7 Crazy Facts & Stories About Canadian Currency! #7 Is Just Awkward...

7 Crazy Facts & Stories About Canadian Currency 


(source)


1. The Canadian $50 & $100 banknotes smell like maple syrup. This is widely debated, but I stand by it. 

2. Pennies have been removed from Canadian circulation. The last penny struck was in 2012 on Friday, May 4th in Winnipeg, Manitoba, although the penny remains legal tender.

3. Canada has a $1,000,000 coin.  Why did The Royal Canadian Mint decide make it? Because they can.

4. There are quite a large amount of counterfeit Toonies in circulation. The RCMP & Quebec Police busted a counterfeit coin operation ring in 2006 just outside Montreal by accident while carrying out a search warrant for GST evasion. 


Can you spot the fake Toonie? 
5. There is a Canadian Currency Act that limits the amount of coins you can use to pay for a product or service. You can read up on it here, but here is the fun part

"A payment in coins referred to in subsection (1) is a legal tender for no more than the following amounts for the following denominations of coins:

  • (a) forty dollars if the denomination is two dollars or greater but does not exceed ten dollars;
  • (b) twenty-five dollars if the denomination is one dollar;
  • (c) ten dollars if the denomination is ten cents or greater but less than one dollar;
  • (d) five dollars if the denomination is five cents; and
  • (e) twenty-five cents if the denomination is one cent."
    source


6. The Queen with the "bare" bottom. As you can see from the Toonie above, there is a bear on the back. A joke started somewhere many years ago when this series was first released... "this is the Queen... & this is the Queens 'bare' bottom." Get it? 
7. 2004 Poppy Quarter = spies. In 2004 The Royal Canadian Mint released a 25¢ coin commemorating the 117,000 Canadians who have died in the wars that a coloured in red poppy on the reverse. Millions of them.The US Government believed that these quarters contained man made nanotechnology & were planting them in pockets of defence contractors.</a>