2 dollars | The Royal Canadian Mint (2024)

Balance and Composition – the 2-dollar Coin

The 2-dollar coin, or 'Toonie', as Canadians have named it, features the image of an adult polar bear in early summer on an ice floe. It was designed by wildlife and landscape artist Brent Townsend. The 2-dollar coin was first introduced on February 19, 1996, to replace the 2-dollar bill. The 'Toonie' has a life span approximately 20 times longer than paper currency and is manufactured using a distinctive bi-metallic coin locking mechanism patented by the Royal Canadian Mint.

Reverse Side Designs

(1996-1998 and 2001-2003)

When introduced in 1996, the 2-dollar circulation coin showed a portrait of Queen Elizabeth II designed by Canadian artist Dora de Pedery-Hunt. This image of Her Majesty appeared on all Canadian circulation coins from 1990 to 2003. The iconic Polar Bear design on the reverse is the work of renowned wildlife artist Brent Townsend.

The Founding of Nunavut (1999)

Nunavut First Nations artist Germaine Arnaktauyok created a special design to commemorate the founding of Nunavut, Canada's newest territory. This design appeared on all 1999 2-dollar coins produced for general circulation. In 1999, the Polar Bear design appeared only in a limited number of special coin sets produced for the collector market.

Path of Knowledge (2000)

For the new millennium, artist Tony Bianco illustrated a female polar bear and her two cubs to represent the transfer of knowledge from one generation to the next. The inscription on the coin's outer rim reads "Knowledge - Le Savoir." This was the only "tails" design to appear on the 2000 2-dollar circulation coin.

Two new coins for the 10th Anniversary of the 2-dollar Circulation Coin (2006)

In celebration of the 10th anniversary of its introduction, the 2-dollar circulation coin was produced in two versions: the first honouring the traditional Polar Bear design of artist Tony Bianco and the second featuring his updated pose of the bear looking up at the dramatic lines of an Aurora Borealis.

It is important to note the position of 1996-2006 double date on each coin: the traditional bear design shows the date beneath the effigy of Queen Elizabeth II, while the updated bear shows the date above the effigy.

In 2006, we also introduced the Mint Mark on the obverse side of all Canadian circulation coinage. The Mint Mark encompasses the three elements of the Mint's corporate name: M for Mint; a Maple leaf for Canadian; and a crown for Royal and Crown Corporation. It features the Mint design within a circle and consists of a symbol depicting a stylized maple leaf emerging from the letter M.

With the exception of the 2008 2-dollar circulation coin celebrating the 400th Anniversary of the founding of Quebec City, the Mint Mark always appears beneath the effigy of Queen Elizabeth II on the obverse of 2-dollar circulation coins produced since 2006. Since the introduction of the Mint Mark, the maple leaf no longer appears above the effigy of Her Majesty.

400th Anniversary of the founding of Quebec City (2008)

Quebec artist Geneviève Bertrand won a design competition to create a new reverse of the 2-dollar circulation coin commemorating the 400th anniversary of Quebec City. The date 1608 appeared on the left side of the outer ring, while 2008 appeared on the right of the ring on this commemorative coin's reverse side. Only six million of these special coins circulated, in addition to more than 17 million 2008 Toonies produced with the traditional Polar Bear design.

As the date was moved to the reverse side of this commemorative coin, the Mint Mark was moved to the core of the coin on the obverse, to the immediate left of Her Majesty's effigy.

Technical Specifications

1996 – 2012

Composition: outer ring 99% nickel, inner core 92% copper, 6% aluminum, 2% nickel
Weight (g): 7.3
Diameter (mm): 28
Thickness (mm): 1.8

2012 – present

Composition: outer ring – multi-ply nickel plated steel, insert – multi-ply brass plated aluminum bronze
Weight (g): 6.92
Diameter (mm): 28
Thickness (mm): 1.75

Two laser marks of maple leaves, each within a circle, at the bottom of the coin's reverse

A virtual image of two maple leaves will appear at the top of the coin – a different image is produced as the coin is turned from side to side.

Edge-lettering of the words "CANADA" and "2 DOLLARS" are engraved along the coin's outer edge.

Mintages

1996 – 1999
YearMintage
1996375,483,000
199716,942,000
19985,309,000
199925,130,000
2000 – 2009
YearMintage
200029,847,000
200111,910,000
200227,020,000
200311,244,000
200412,908,000
200538,317,000
200635,319,000
200738,957,000
200818,400,000
200938,430,000
2010 – 2019
YearMintage
20108,220,000
201127,488,000
201289,185,000
201312,390,000
201416,305,000
201530,378,500
201625,669,000
201739,595,000
201826,730,000
201925,995,000
2020 – present
YearMintage
202017,235,000

2 dollars | The Royal Canadian Mint (1)2 dollars | The Royal Canadian Mint (2)

Canadian Circulation

Over 1 billion circulation coins are minted each year at our high-tech plant in Winnipeg. We not only produce all of Canada’s circulation coins, we also manage the national coin supply – from weekly forecasting, to production, to recycling and eventual retirement.

Learn more

2 dollars  | The Royal Canadian Mint (2024)

FAQs

Is Royal Canadian Mint a good investment? ›

Their uniformity and the trust placed in products minted by reputable sources like the Royal Canadian Mint make them easy to trade and recognized worldwide. This liquidity makes silver bars an excellent option for investors looking to maintain a level of flexibility in their investment portfolio.

What is the $2 Honouring Queen Elizabeth II coin? ›

The $2 Honouring Queen Elizabeth II coin pays solemn tribute to Queen Elizabeth II (1926-2022), her extraordinary life and her decades-long reign. A solemn first. This is the Mint's first circulation coin featuring a black-nickel coloured design feature. A special wrap.

What is the Queen's death coin? ›

The two-dollar coin with a black band of nickel-plated steel features the late monarch's effigy in the centre of one side and the usual polar bear on an ice floe on the other. It's marked 2022, the year of the queen's death.

What is Canadian $2 coin made of? ›

Collecting Canadian $2 Coins or "Toonies"

In 1996, Canada introduced a $2 coin, distinctive for being composed of two metals — aluminum bronze in the center with a nickel outer ring. Since 2012, the coins have featured brass-plated aluminum bronze centers with nickel-plated steel outer rings instead.

How to sell Royal Canadian Mint coins? ›

Wondering how to sell Royal Canadian Mint coins? At Canada Gold, we buy and sell all Canadian gold coins for the best prices – guaranteed. Visit one of our 12 local neighborhood branches or use our secure mail in service for easy, fast buying and selling today.

Why is The Royal Mint so expensive? ›

Why are your prices higher than the market price for the metal? Bullion products from The Royal Mint incur a margin or 'premium' on top of the cost of the metal. This cost covers the design, craftsmanship, production and management of the products that we sell.

How much is a Queen Elizabeth II coin worth today? ›

As Fortune reported last fall, the “one-of-a-kind” coin is valued at about $23 million and is “a little wider” than an NBA basketball.

Are Queen Elizabeth coins worth more? ›

The most expensive Queen Elizabeth II coin was a commemorative coin minted in late 2023. This coin, minted to mark the one-year anniversary of the Queen's death, is worth $23 million. It's called "The Crown."

How much is a 1996 Canadian $2 coin worth? ›

The 1996 Canadian coin is worth face value currently or $1.50 in U.S. currency .

How many black toonies were minted? ›

The mint produced about five million of the toonies, amounting to about one for every eight Canadians. "So if you had one, seven of your friends couldn't," Cutler said.

How many Queen Elizabeth coins are there? ›

Queen Elizabeth II's portrait features on each of the 29 billion coins currently in circulation in the U.K., as well as currencies of Commonwealth countries including Australia, New Zealand and Canada.

What was the last coin of Queen Elizabeth II? ›

Marking the end of her record-breaking reign, the last circulating Elizabeth II Australian $1 was issued in 2022, and unites the Jody Clark obverse portrait with Stuart Devlin's Mob of Roos reverse design.

How do I know if my $2 Canadian dollar bill is worth anything? ›

If the $2 bill was minted and printed before 1976, it would likely be worth more than its face value on the collectibles market. In some cases, it might be worth only $2.25. The highest value is $4,500 or more for uncirculated notes from 1890, although most of those bills range from $550 to $2,500.

How much is a 2 Canadian dollar coin worth? ›

$2 Circulating Coins coins
$2 Circulating CoinsValue Range
$2 Circulating CoinsValue Range
2021 $2 Discovery of Insulin, Colourized MS$2.65 - $2.65 $2.65 - $2.65
2021 $2 Security Marks, Polar Bear Reverse MS$2.65 - $2.65 $2.65 - $2.65
Visit these great CDN Sponsors CDN Sponsors
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What is the slang for the Canadian two dollar coin? ›

Although the $2 coin features a picture of a polar bear, by artist Brent Townsend, Canadians quickly began calling the coin the "toonie," a portmanteau of the words two and loonie. The Royal Canadian Mint also trademarked the term "toonie" in 2006.

Is it safe to invest with The Royal Mint? ›

We are stringent in relation to compliance and regulatory controls: We uphold all relevant laws in relation to precious metals investing, including those relating to countering money laundering and terrorist financing.

How much money does the Royal Canadian Mint make a year? ›

Royal Canadian Mint
Company typeCrown corporation
ProductsCoins
ServicesPrecious metal storage, assay, refinery and coin production
Revenue$3,282.5 million (2022)
Operating income$45.574 million (2022)
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How secure is the Royal Canadian Mint? ›

Secure. With over 100 years of custodial experience, our vaults, located in our Ottawa and Winnipeg facilities, are extremely secure. Globally recognized precious metal products are stored in a restricted environment controlled by security personnel and supported by state-of-the-art surveillance technology.

Are Royal Canadian Mint Gold bars good? ›

Royal Canadian Mint gold bars are renowned for their exceptional quality, purity, and meticulous design. As one of the most trusted names in the precious metals industry, the Royal Canadian Mint (RCM) has set the standard for excellence in gold bar production.

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