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Are loonies made of gold

Updated: 10/23/2022
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12y ago

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No, it's made of gold-coloured metal called "aureate nickel".

The price of gold has been between $1000 and $1900 an ounce for a long time, so if you think about it for a couple of seconds, it would make absolutely no sense for H. M. government to mint millions of coin each worth hundreds of dollars and put them into circulation at a buck each.

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12y ago
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