Personal Finance

Watch out for fake walrus toonies

  • Last Updated:
  • Jan 15th, 2022 10:43 pm
26 replies
Deal Addict
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Jun 23, 2009
1120 posts
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YUL
Who is using cash in the pandemic? Grinning Face With Smiling Eyes
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Deal Addict
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Feb 14, 2007
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Nova Scotia
I still keep a few toonies and loonies for the vehicle self rinse off place.
Deal Fanatic
Mar 21, 2010
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Toronto
I can't imagine someone going to the trouble of making fake coins and somehow getting basic things like that wrong. I'd guess they're deliberately intended to look real at a distance but be clearly fake in person so that they couldn't be accused of making a serious attempt to fool someone. Like a movie prop or project of some kind, or someone just messing around.
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Feb 16, 2014
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I want one of those back in my change for the novelty. :)
Deal Addict
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Feb 1, 2012
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Thunder Bay, ON
We have the Loonie and the Toonie.

Now we have the Wallie. 🤣
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Deal Fanatic
May 4, 2014
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Toronto, ON
Whoever did this clearly had the tech to produce proper counterfeit toonies, but decided instead to make a joke out of it.
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Oct 13, 2014
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Deepwater wrote: We have the Loonie and the Toonie.

Now we have the Wallie. 🤣
The $2.00 coin should have never been called the "Toonie". It should have been called the "Barely" as it is barely $2.00.
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Deal Addict
May 16, 2017
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er34er34 wrote: Whoever did this clearly had the tech to produce proper counterfeit toonies, but decided instead to make a joke out of it.
Unless the counterfeiter has industrial scale production capability, the effort and cost to produce fake coins would seem unlikely to be very profitable.

1. Was done as a one-off joke.
2. Was done as a trial and used obviously fake coins to argue that they were never intended to be circulated as counterfeits and were used by "mistake" (in case caught).
3. As above - but now that such bad fakes were accepted - next batch will be "good" fakes.
Deal Addict
Oct 18, 2007
3499 posts
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they couldn't even print the year right... first twoonie circulation was 1996...

although, i kinda want to see one...
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Deal Addict
Dec 22, 2007
1148 posts
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Mississauga
kinda want to see one as looks interesting... my take is you don't copy the coin that way it may look like $2 but its not its Z dollars

could they have made $2 and we just don't know maybe.. I do get change at times and when looking at it some coins even have the queen but are not from Canada
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Nov 28, 2016
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CRAZYBUBBA wrote: Who is using cash in the pandemic? Grinning Face With Smiling Eyes
I use it the same amount as ever. Sell me something, leave cash under the mat.

Whats to be afraid of, are you putting the money straight into your mouth?
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Nov 15, 2004
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b33zlebub wrote: I want one of those back in my change for the novelty. :)
Same. A 2 dollard coin would be a great conversation piece.
rcmpvet wrote: The $2.00 coin should have never been called the "Toonie". It should have been called the "Barely" as it is barely $2.00.
I'm still a fan of "doubloons"
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Deal Guru
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Jan 9, 2011
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Vancouver
Piro21 wrote: I'm still a fan of "doubloons"
YES, a double loonie, and also the name of a real historic coin; I thought that was the perfect name for it. I remember that actually being proposed as the coin's nickname back when it first came out; it's too bad that it never caught on. "Toonie" just seems so lame by comparison.
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Nov 26, 2012
393 posts
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Toronto
CRAZYBUBBA wrote: Who is using cash in the pandemic? Grinning Face With Smiling Eyes
Yah, most places I go don't accept cash or all seem to prefer customers to use card payment. I haven't used cash the entire pandemic now.

But I actually wouldn't mind wasting $2 on a walrus toonie. lol
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Oct 2, 2018
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I received one of these fake ones has to be a year back or so, it was sort of a bit odd and i looked it over a few times before thinking it wasn't real and chucked it in the garbage. It was like in the old days when you would find an odd looking coin in your change only to find out it was a coin from a third world country that a retailer took in and gave out as no one checks things that close for small change.

So i do suspect there are a fair bit of these in circulation, however most of us are using debit cards and not paper/coin based transactions so the effect is minimal.

I watched a show on TV where in the day someone made "casino chips" and they were almost perfect, only was discovered when someone jammed a machine and never reported or claimed the loss. When checked they found upon close inspection what was occuring, in time casino owners found the culprits who were reaping mounds of cash in the scheme.
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Aug 8, 2006
1224 posts
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Vancouver
So the police make a press release about these obviously fake toonies that are borderline satire and maybe not even illegal.

But they've been completely mum about these actual counterfeit toonies that actually threaten the legitimacy of Canadian coinage which I discovered in early 2020 myself and also which was reported here on RFD.

https://www.coincommunity.com/forum/top ... _ID=377839

My suspicion they're not doing anything is because they obviously have no idea who Is making them and flooding the marketplace with them. And secondly, these fakes are so good they don't want idiots flooding 911 or visiting police stations with them. The police, the Royal Canadian Mint are happy with just letting them circulate I guess.

Had the police acted when I first reported them, they could have had banks to see who was depositing these in large numbers at the initial stages. It is now too late, these coins which were first reported in the Markham area are now found from Vancouver to St John's.
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Deal Addict
Oct 23, 2017
2285 posts
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GTA West
Anyway, it is very rare to find toonies in my pocket these days. I came across 3 of them in the drain trap of my washer recently. I think I will spend them on a Lotto Max ticket.

Looking at my Toonies, it seems they are different for every year of issue. I think that feature makes it easier to get away with a phony coin - who knows the exact placement of the graphics for every year?

I keep a loonie or two in the car for grocery carts, or maybe to stuff in a parking meter, but that is about the only coin I handle these days. Interac and Visa rule now.

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