
The Canadian two-dollar coin, also known as the Toonie, has been a staple in our country's currency for decades. It was first introduced in 1996.
The coin's design features a polar bear on one side and a common loon on the other, representing Canada's natural beauty. The Toonie quickly gained popularity due to its unique design and the fact that it's made of a durable two-layer metal composition.
In addition to its practical uses, the Toonie also holds historical significance.
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Canadian 2 Dollar Coins
Canadian 2 Dollar Coins have some interesting varieties. The first Canadian 2 dollar coins were introduced in 1996 and since then, there have been several design changes and die varieties.
The 1996 Canadian 2 dollar coins have three notable reverse varieties: "Cigar", "Horn", and "No Ice". These varieties are due to differences in the die used to strike the coins.
In addition to the reverse varieties, there are also obverse varieties, such as the "Beaded Rim" and the "Pedestal" varieties, which include "Pedestal D", "Pedestal S", and "Pedestal 0". These varieties are also due to differences in the die used to strike the coins.
Some Canadian 2 dollar coins also have unique edge lettering, which was introduced in 2012. This edge lettering can be either Type A or Type B, depending on the orientation of the coin.
Canadian Valuable Coins
Canadian 2 dollar coins are a valuable addition to any coin collection. One of the most valuable Canadian coins is the 1936 Silver Dollar, which can be worth up to $50,000.
The Canadian government has minted many valuable coins over the years. Some of the most valuable coins are those with errors or special designs.
The 1951 Canadian Silver Dollar is a highly sought-after coin. It's estimated to be worth around $10,000.
The Royal Canadian Mint has produced many limited edition coins, which can increase their value. These coins often feature unique designs or materials.
Canadian coins can be valuable due to their rarity or condition. For example, the 1973 Canadian dollar coin with a hole in it can be worth up to $20,000.
The value of a coin can also depend on its metal content. The 1911 Canadian Silver Dollar, for instance, contains 80% silver and is worth around $1,000.
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The Canadian government has also produced coins with special commemorations. These coins, such as the 1967 Canadian Centennial coin, can be worth more than their face value due to their collectibility.
Some Canadian coins are valuable due to their historical significance. The 1870 Canadian Hibernia Dollar, for example, is a rare and valuable coin that can be worth up to $100,000.
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Nunavut $2 Coin
The Nunavut $2 coin is a unique commemorative piece that was minted to celebrate the formation of Nunavut. It features an Aboriginal man participating in a traditional drum dance.
This coin is made of gold with a yellow center and white outer rim. It's worth noting that commemorative coins like this one are typically destined for collectors rather than general circulation.
A specimen graded proof 69 by the Numismatic Guaranty Company was offered at auction in 2021 with an estimated value of $2,200 to $3,200. Unfortunately, it went unsold.
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Bill Reid Honoured
Bill Reid is a renowned Haida artist who has been honoured on the Canadian $2 coin, also known as the "toonie". This special coin features an image of Reid's striking Xhuwaji/Haida Grizzly Bear.
The design on the coin is a testament to Reid's incredible talent and contributions to Canadian art.
Reid's work is a significant part of Canada's rich cultural heritage, and this coin serves as a lasting tribute to his legacy.
Designs and Varieties
The 2 dollar coins in Canada have had a variety of designs over the years. One notable change was the introduction of the Polar Bear design on the reverse side in 1996, designed by Brent Townsend.
The Polar Bear design has undergone some changes, including a special commemorative design for the founding of Nunavut in 1999, featuring a design by Germaine Arnaktauyok.
Some of the notable varieties of the 2 dollar coins include the 1996 Reverse "Cigar", "Horn", and "No Ice" designs, as well as the 2000 Obverse "Pedestal D", "S", and "0" designs.
Reverse Side Designs

The 2-dollar circulation coin has had its fair share of unique reverse side designs over the years. From polar bears to maple leaves, each design tells a story.
The iconic Polar Bear design, created by Brent Townsend, was a staple on the reverse side until 1999. In that year, a special design by Germaine Arnaktauyok commemorating the founding of Nunavut was introduced.
A female polar bear and her two cubs, illustrated by Tony Bianco, represented the transfer of knowledge from one generation to the next on the 2000 circulation coin. This design was only available on the "tails" side.
To celebrate the 10th anniversary of its introduction, the 2-dollar circulation coin was produced in two versions, both featuring the Polar Bear design. One showed the bear looking up at the dramatic lines of an Aurora Borealis.
The 2008 2-dollar circulation coin commemorating the 400th anniversary of Quebec City featured a new reverse side design by Geneviève Bertrand. This design included the date 1608 on the left side and 2008 on the right side of the outer ring.
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Canadian Varieties
Canadian coins have some amazing varieties that are worth checking out. The 1996 Reverse "Cigar" is one of the earliest varieties, featuring a distinctive design on the reverse side.
The 1996 Reverse "Horn" and "No Ice" varieties are also notable, showcasing different design elements on the reverse side. These early varieties set the stage for the many interesting designs that followed.
One of the most interesting aspects of Canadian coinage is the beaded rim, which was introduced in 1996. This feature adds a unique texture to the coin.
In 2000, the obverse design underwent a change, resulting in the "Pedestal D", "Pedestal S", and "Pedestal 0" varieties. These variations showcase the subtle changes that can occur in coin design.
The 2002 Obverse "Dot in H" and 2006 Churchill "Pixie" and "Normal" ear varieties are also worth noting, highlighting the attention to detail that goes into coin design.
Here are some of the main Canadian varieties, listed in a table for easy reference:
The 2012 introduction of edge lettering added a new layer of variety to Canadian coins, with two types: Type A and Type B. These varieties showcase the unique features of Canadian coin design.
Newfoundland Victoria Gold 2 Dollars PCGS MS64
The Newfoundland Victoria Gold 2 Dollars PCGS MS64 is a highly sought-after coin among collectors. It's graded as a MS64 by PCGS, which means it's in extremely fine condition.
This coin was minted in 1896 and features a portrait of Queen Victoria on the obverse side. The reverse side showcases a crowned shield with the royal crown above it.
The Newfoundland Victoria Gold 2 Dollars PCGS MS64 is a rare find, especially in such excellent condition.
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Frequently Asked Questions
Is a Canadian $2 coin worth anything?
Yes, a Canadian $2 coin, also known as a toonie, can be worth a significant amount, especially if it's a rare variety. Its value can range from hundreds to thousands of dollars, making it a valuable collector's item.
What are $1 and $2 coins called in Canada?
In Canada, the $1 coin is called a loonie and the $2 coin is called a toonie, named after the birds featured on each coin. Learn more about Canada's unique coinage and its fascinating history.
What is the new two dollar coin in Canada?
The new 2024 $2 coin in Canada features Nuliajuk, a spirit from Inuit mythology, surrounded by Arctic wildlife. This unique design showcases Canada's rich cultural heritage and stunning natural beauty.
Sources
- https://604now.com/most-vaulable-canadian-2-dollar-coins/
- https://www.mint.ca/en/discover/canadian-circulation/2-dollars
- https://www.greysheet.com/prices/sp/canadian-coin-values-two-dollar-circulating-coins/9045
- https://www.saskatooncoinclub.ca/articles/10c_2-dollar_varieties.html
- https://www.theartnewspaper.com/2023/10/03/jean-paul-riopelle-canada-two-dollar-coin
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