PARRY SOUND - The town's meters are prepared for the new lighter loonies and toonies.
Meters accept new toonies and loonies.
The Green P parking lot across from the town office.
Cody Storm Cooper/North Star
Introduced this spring, the coins are now being made from steel, replacing the more expensive nickel. The old loonies and toonies cost 30 cents to produce, the new ones cost four and six cents each.
The move saves taxpayers about $16 million annually, according the the Canadian Press. However, it will also cost coin-operated industries $40 million in re-calibration costs to make vending machines recognize the new coins.
Here, the town reconfigured its 300 meters earlier this summer to accept the new coins at a cost of about $1,500, said bylaw enforcement officer Tammy Purdy.