OTTAWA, CANADA –The time has come once again where coins are outliving their plastic paper counterparts by a factor of 5. The cost of producing plastic bills has rocketed upwards along with the spiking input costs of natural gas and snail dye. It now almost costs $10 to produce a $10 bill. Having to replace these bills constantly due to people forgetting them in their laundry and running them through the dryer, or accidentally melting them to their smart phones in their pockets, has made it clear that something needs to be done to cut costs and increase the durability of the currency. Ten years ago the Royal Canadian Mint converted the $5 bill into the Fivie – the five dollar coin – and now the Tennie is entering the market with a brand new limited edition coin from the Mint. People can safely store their Tennies in their TFSA or RRSP.
Not to be confused with Toonie, the Tennie is 5 times more valuable. The initial batch of Tennies has been circulated to the public. Positive reviews on Yelp, which now rates coins, say that people in general enjoy the light weight Tennie and are impressed with the anti-glare material which helps them easily differentiate between Toonies and Tennies when pulling cash out of PayPal HappyPal™ ATM kiosks.
While it is not well known that the Royal Canadian Mint is actually a publicly traded entity. It trades on the TSX under symbol MNS.U. This makes the mint responsible for shareholder returns. According to some analysts, the Mint earns between $0.05 and $0.10 for every Tennie in circulation. Pro Canadian tennis hall of famer Milos Raonic was in fact hired by the mint to promote the new coin. Furthermore the Mint is producing 5000 limited addition Tennis Tennie tenders that tend to trade ten times too tenaciously than traditional Tennies.
Tennies have already begun swapping hands on Numista, the world’s largest coin exchange web site. Experts say that the price of the coin trades at its fair currency par value. However certain coins with defects are said to be worth more. In one case, a Tennie with a slightly smaller inner section caused a small gap to form in between the two pieces of metal that form the coin. This Tennie was sold on Amazon for over $900 USD. Other cases have been reported of Tennies melting in people’s pockets when put next to a mobile phone, however these reports seem to be fake according to YouTube comments. One 15 year-old boy in Oshawa placed a Tennie on a railroad track and derailed a 600 ton train. The Tennie was in mint condition afterwards which proves the lasting strength of the new coin and the enduring effort by the Mint to extend the lifetime of Canadian currency.