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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Did the Royal Canadian Mint Have Secret Meetings with Corb Lund?

Corb Lund travels the globe and has experienced many different currency types. In this video from May 3, 2011 he described his ideas for global currency reform. It appears that the Royal Canadian Mint was listening. Corb's videoblog currency manifesto outlines the following reforms.

  1. Change to plastic bills (polymer notes)
  2. Make different denominations different colors
  3. Make all bills the same size (with Brail)
  4. Consider elmiinating lowest denominations
  5. Make the bill markings like a playing card (order 2 rotational symmetry).
  6. Get rid of the penny
  7. Develop a detachable Toonie where the center piece and surrounding ring would each be worth $1

On March 29th, 2012, Canadian Finance Minister Jim Flaherty announced that Canada would phase out use of the penny.

On May 2, 2012 (365 days later, 2012 is a Leap Year) , the Governor of the Bank of Canada, Mark Carney, introduced Canada's new $20 polymer bank note. While it doesn't use Braile, the new bill does feature raised dots (more here).  

I can only wonder if Royal Canadian mint engineers are working on bi-metallic detachable Toonie prototypes. Corb Lund is clearly a currency visionary.