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The Mint states that multi-ply plated steel technology, already used in Canada's smaller coinage, produces an electromagnetic signature that is harder to counterfeit than that for regular alloy coins ; also, using steel provides cost savings and avoids fluctuations in price or supply of nickel.

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The Mint states that multi-ply plated steel technology, already used in Canada's smaller coinage, produces an electromagnetic signature that is harder to counterfeit than that for regular alloy coins ; also, using steel provides cost savings and avoids fluctuations in price or supply of nickel.

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