Nov 19, 2006
TTC to introduce two-colour token
This coming Monday, the TTC will unveil a new token designed to combat the counterfeits that have flooded the system. According to a TTC press release, the special unveiling ceremony will take place on Monday, November 20 at 2:30 p.m. in Toronto’s City Hall, Committee Room 3.
According to the press release, “the new token is designed with the latest in technology, making it next to impossible to re-produce.”
That, of course, remains to be seen. The release gives few other details, but hopefully these will be provided on Monday. One key question: will the TTC stop accepting the current subway tokens, some of which have been in circulation for over fifty years. If the tokens we have stocked away in sock drawers are to become obsolete, how long will the TTC accept these before phasing them out, and what program will the commission provide to allow individuals to exchange old tokens for new?
Studies suggest that the TTC has lost approximately $10 million due to the sale of counterfeit tokens. Riders report that the counterfeits have become so pervasive that some have been included with legitimate tokens dispensed by token machines.
The TTC has ordered 20 million new tokens at a cost of $1.7 million.
Posted by Andy at Sunday, November 19, 2006