Are Canadian dollars made of real gold?

Updated: 9/16/2023
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14y ago

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They're made of a gold-coloured alloy called "aureate nickel"

"Golden" US $1 coins are made of manganese brass.

If you think about it for, oh, a half-second or so, there's no way either country's coins could have any gold in them. The price of gold has been between $900 and $1000 an ounce for several years. Canadian and US $1 coins each weigh about 8 grams so if they were made of gold they'd ring in at roughly $350 each. Neither government would be crazy enough to mint billions of coins and take a $349 loss on each one!

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Q: Are Canadian dollars made of real gold?
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