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Home»Pop Culture News»New Canadian $2 Piece Explained
Pop Culture News

New Canadian $2 Piece Explained

The toonie is the new rage in the town. Read all about the $2 Canadian coin.
Yashica DudheBy Yashica DudheJuly 19, 2023No Comments4 Mins Read45 Views
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New Canadian $2 Piece Explained
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Do you have a toonie on you? The new Canadian $2 piece is trending as people are lining up with bills to exchange them for unique edition coins. What is so momentous about these coins? What is the meaning behind these coins? Read along for a detailed explanation of the special toonies.

What Is the New 2 Canadian Dollar?

The $2 Canadian coin was first revealed on 19th February 1996. Diane Marleau, the Minister of Public Works, introduced the bi-metallic coin with an image of a polar bear engraved on the reverse side. The idea was designed by Brent Townsend, a Canadian nature artist.

FUN FACT: The drawing was inspired by the Polar Bear exhibit at the Toronto Zoo.

The special tribute Toonie, a first for the @CanadianMint , has a black nickel ring, for the former Queen Elizabeth II. It's available for exchange today, tomorrow and Sunday at 320 Sussex Dr. 10-4 pic.twitter.com/3XO5eO5sRk

— CBCOttawaMorning (@OttawaMorning) January 27, 2023

The Royal Canadian Mint manufactures special coins honoring some of the most influential people in history or depicting a momentous event. It is a Crown corporation (owned by the Canadian Federal and provincial government). The Mint offers an assortment of coins, deemed as one of the most versatile mints globally. The Royal Canadia Mint specializes in premium quality coin production and services on an international level.

What Is the New Queen Elizabeth 2-Dollar Coin?

Canada was mourning the demise of the monarch, Queen Elizabeth II, on 8th September 2022. The Royal Mint paid homage to the former Queen with a special edition $2 piece. Mint’s Research and Development team designed the coin, representing the legacy of the monarch.

Canada’s new “toonie” has just won an international award as Best New Circulating Coin.

The 2022 coin is gold & black to echo the loss felt by Canadians upon the death of Queen Elizabeth II. It honours the late Queen of Canada & her historic 70-years of service. 🇨🇦#cdnpoli pic.twitter.com/oZn3SMg5OY

— Canadian Crown 🇨🇦 (@Canadian_Crown) June 18, 2023

Marie Lemay, President and CEO of the Royal Canadian Mint, explains the purpose behind the new Queen Elizabeth 2-Dollar coin–

“Queen Elizabeth II served as Canada’s head of state for seven decades, and for millions of Canadians, she was the only monarch they had ever known.”

“By leveraging yet another Royal Canadian Mint innovation to create this special $2 circulation coin, we were able to offer Canadians an excellent way to remember her.”

The bi-metallic coin looks aesthetically pleasing, with a black nickel plating on the coin’s outer ring, giving it a gothic appearance. However, there lies a sentimental meaning behind the plating that signifies the mourning armband.

The official circulation of the coin began on 7th December 2022. Mint’s Ottawa and Winnipeg boutiques opened a floodgate of footfall as people rushed with bags of loose change for exchange with the symbolic coin remembering the late Queen as a rare collectible.

Picked up the new “mourning” $2 coin (aka a toonie) at the market. It’s designed to honour Queen Elizabeth II by the Royal Canadian Mint

It’s striking, though the black nickel-coloured band (really a mid-grey hue) is already scuffed from being in circulation pic.twitter.com/k7ZeL56LPN

— Patricia Treble (@PatriciaTreble) January 28, 2023

With the black nickel-plated steel outer ring, the inner core is composed of Three-ply brass finish-plated aluminum bronze. The edges have interrupted serrations but are not quite blunt to touch.

The reverse of the coin is etched with the polar bear designed by Brent Townsend. And the obverse has the effigy of Her Late Majesty, designed by Susanna Blunt. The coin, with a face value of $2, weighs 6.99 grams and is 28mm in diameter.

After the initial launch, around 5 million coins entered the national distribution system. Due to the surging demand, additional volumes have been slated to release in the following months.

And now, in 2023, the bi-metallic $2 circulation coin was acclaimed as the Best New Circulating Coin or Coin Series by the International Association of Currency Affairs (IACA) Excellence in Currency Awards. The Royal Canadian Mint received the award at the 2023 Currency Conference in Mexico City, Mexico.

What Are Toonies and Loonies?

Toonie was the official name given to the $2 coin as a portmanteau of two + loonie.

A loonie is basically a $1 Canadian coin.

https://twitter.com/lettienets/status/1658206506146209793?s=20

I don't carry cash often, but I'll be keeping an eye on my coins for a while. I hope to get my hands on the toonie with black in memoriam of Queen Elizabeth II, and a coin with King Charles on it.

I know, odd stuff I like

— Paul Tumilty (@darthkeg) March 20, 2023

2022 🇨🇦 $2 Polar Bear/Solemn Tribute to Queen Elizabeth II Black Ring Toonie Coin.

Fact: Queen Elizabeth visited 🇨🇦 the most out of all countries

May her soul rest in peace. pic.twitter.com/hBrjck3gse

— Sean Kingsley (@Canuckoholic) February 20, 2023

What do you think of the new Queen Elizabeth II $2 coins? Did you get your hands on them yet? Which other influential figure would you like to see on the Canadian coin? Let us know your thoughts in the comments section below.

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Yashica Dudhe - Author at Averagebeing.com
Yashica Dudhe
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From a little girl who wrote school plays and made her friends act in them to an adolescent who got into dark humor, Yashica has built her own universe of peculiar characters inspired by great cinema. She has imbibed the philosophies of David Fincher's characters but lives like the eccentricity of Phoebe Waller Bridge's women. Her metahumans are those who can use the power of words to create an elixir of emotions and bring them to life on screen. Jordan Peele, Issa Rae, Tina Fey, Amy Poehler, Ilana-Abbi, Raj-DK, Anurag Kashyap, Phoebe Waller-Bridge, and others are her Marvel's Avengers. With over two years of experience as a content writer, her writing pieces are well-researched, with a sprinkle of her opinions/inferences that keep the audiences engaged. She is still exploring more on the anime scene but is highly intrigued by it. The cinephile in her makes her appreciate the intricacies of filmmaking. You will get a lot more insight into it in her articles and thoroughly enjoy her explanations. Well, someday, you might see Yashica as one of the writers for a movie-- it's her ultimate dream!

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