We also regularly conduct market research to assess the popularity of proposed themes, and even welcome suggestions from the general public It can take up to two years for a coin concept to be released as an actual coin. We pride ourself on depicting themes of significance to Canadians, therefore all designs must reflect Canada’s heritage, culture and values, and commemorate, celebrate and promote Canada. We receive many suggestions for coin themes every year and base our design selections on several criteria. In the event a bank branch is unaware of this procedure, customers are advised to contact us with the coordinates of the bank branch, we will take steps to inform the branch of the redemption process.Īs collector coins can only be redeemed at face value by businesses and financial institutions willing to accept them, it is recommended that individuals wishing to sell a collector coin first consult with a coin dealer, who is more likely to offer a price above face value. We have a process in place to reimburse financial institutions the face value of redeemed NCLT coins, once they have accepted them from a customer and returned them to the Royal Canadian Mint. As such, these coins are not intended for daily commercial transactions and accepting them as payment or for redemption is at the discretion of businesses and financial institutions. However, unlike Canadian circulation coins, collector coins are non-circulating legal tender (NCLT). All coins manufactured by the Royal Canadian Mint are legal tender.

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