Cryptocurrency Q&A
Are loonies made of gold?
Are loonies made of gold?
Riccardo
Mon Nov 25 2024
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5 answers
1079
I have heard rumors that loonies, the one-dollar coins in Canada, might be made of gold. I'm wondering if this is true or just a myth. Could someone please confirm the material composition of these coins?
5 answers
Lucia
Wed Nov 27 2024
The loonie coins, upon their introduction, were crafted from a unique material known as aureate.
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Federico
Wed Nov 27 2024
This aureate was a combination of bronze and nickel, which had been electroplated.
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Filippo
Wed Nov 27 2024
A significant change occurred in 2007, as some loonie blanks started being produced using a cyanide-free brass plating process.
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MatthewThomas
Tue Nov 26 2024
This new process marked a shift towards more environmentally friendly manufacturing methods.
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Caterina
Tue Nov 26 2024
Further alterations were made in the second quarter of 2012, when the composition of the coins was changed to multi-ply brass-plated steel.
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