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.
Sixpence (British coin) Beginning with Lord Wrottesley's proposals in the 1820s, there were various attempts to decimalise the pound sterling over the next century and a half.[9][10] These attempts came to nothing significant until the 1960s when the need for a currency more suited to simple monetary calculations became pressing[citation needed]. The decision to decimalise was announced in 1966, with the pound to be divided into 100, rather than 240, pence.[11] Decimal Day was set for 15 February 1971, and a whole range of new coins were introduced. Sixpences continued to be legal tender with a value of ​2 1⁄2 new pence until 30 June 1980.[12]