when is the five dollar coin coming out
Canadian five-dollar note In 2005, the Canadian government polled its citizens on the idea of retiring the five-dollar note, replacing it with a five-dollar coin. The money saved in making the coin would then fund the Canadian Olympic team. Canadians resoundingly rejected and ridiculed the idea of a five-dollar coin.[4] Some pointed out the note's most recent redesign took place only four years prior, while many others were averse to the idea of carrying yet another coin in their wallets and pockets. Due to the overwhelmingly negative response, plans for the five-dollar coin were discarded. Instead, on 15 November 2006, the Bank of Canada released an updated version of the five-dollar note (issue of 2006) with updated security features, including a holographic stripe found in the rest of the series, and a watermark of Laurier that appears when held to the light.[5] These features replaced the iridescent maple leaves that were in the issue of 2002.
One pound (British coin) The original, round £1 coin replaced the Bank of England £1 note, which ceased to be issued at the end of 1984 and was removed from circulation on 11 March 1988, though still redeemable at the Bank's offices, like all English banknotes. One-pound notes continue to be issued in Jersey, Guernsey and the Isle of Man, and by the Royal Bank of Scotland, but the pound coin is much more widely used. A new, dodecagonal (12-sided) design of coin was introduced on 28 March 2017 [4] and both new and old versions of the one pound coin circulated together until the older design was withdrawn from circulation on 15 October 2017. After that date, the older coin could only be redeemed at banks,[5] although some retailers announced they would continue to accept it for a limited time.[6] The original round pound remains legal tender on the Isle of Man.[7]