Ottawa, Ontario (Oct. 16, 2019) — The Royal Canadian Mint’s tri-metal coin technology won global currency industry recognition by being named the Best new coin product, feature or distribution innovation of the International Association of Currency Affairs’ (IACA) 2019 Excellence in Currency Awards for Coins. The award was announced on Oct. 15 at the Coin Conference in Rome, Italy.
“The Mint is proud that our innovations continue to receive worldwide recognition from the International Association of Currency Affairs and our industry peers,” said Marie Lemay, President, and CEO of the Royal Canadian Mint. “We are excited to add our award-winning tri-metal coin technology to the long list of coin solutions offered to our international customers.”
The tri-metal token consists of a brass- plated steel ring, with an inner core of nickel-plated steel and copper-plated steel on the opposite side. With a complex arrangement of multiple materials, this token combines the most advanced overt and covert security features, including differentiated electromagnetic signatures in vending equipment.
RCM also manufactured the Reserve Bank of New Zealand’s 2018 colored Armistice Day circulation coin, which won awards in the Best New Commemorative Circulating or Test Coin at FaceValue and Best Circulating Coin Public Education Program, Website, or App categories.
The Excellence in Currency Awards were introduced by IACA in 2007 to promote and recognize excellence in currency issue, production, processing, management, and distribution. The mint has been recognized through several previous Excellence in Currency awards:
• the Canada 150 commemorative circulation coin program in the Best New Communications Program category (2017)
• joint recognition with the Reserve Bank of New Zealand for New Zealand’s 50-cent Anzac 100th anniversary colored circulation coin, in the Best New Commemorative or Test Circulating Coin category (2015)
• the multi-ply plated steel $1 and $2 circulation coins with advanced security features, introduced in 2012, in the Best New Coin Innovation category (2013)
• the Vancouver 2010 Winter Games commemorative circulation coin program in the Best New Coins Series category (2011)
• the 2006 25-cent Pink Ribbon circulation coin in the Best New Coin category (2007)
About the Royal Canadian Mint
The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada’s circulation coins. The Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized, high-quality coinage products and related services on an international scale. For more information on the Mint, its products and services, visit www.mint.ca. Follow the Mint on Twitter, Facebook, and Instagram.
Working hand in hand with the public and private sector, IACA’s goal is to provide an international exchange for consultation and collaboration on matters of interest to stakeholders in the cash payments cycle and to give back to the industry through the benefits provided from our various project work, programs, and information resources. Member companies include all stakeholders in the cash payments cycle, including central banks; currency-issuing authorities; ministries of finance; state and commercial printworks; state and commercial mints; cash management companies; currency industry suppliers and cash handling suppliers.
This story was originally printed in Numismatic News.