Toonie

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Two dollars (Canada)
Value: 2.00 CAD
Mass: 7.3 g
Diameter: 28 mm
Thickness: 1.8 mm
Edge: Intermittent milled/smooth
Composition: outer ring
  100% Ni

inner core
  92% Cu,
  6% Al,
  2% Ni

Years of minting: 1996–present
Catalog number: -
Obverse
Obverse
Design: Elizabeth II, Queen of Canada
Designer: Susanna Blunt
Design date: 2003
Reverse
Reverse
Design: Polar Bear in early summer on an ice floe
Designer: Brent Townsend
Design date: 1996

The Canadian 2 dollar coin (commonly called Toonie) is the two-dollar coin, introduced on February 19, 1996 by Public Works minister Diane Marleau. The Toonie is a bi-metallic coin which bears an image of a polar bear, by Campbellford, Ontario artist Brent Townsend, on the reverse. The obverse, like all other current Canadian coins, has a portrait of Queen Elizabeth II. It is the only coin in Canada to have the "ELIZABETH II / D.G. REGINA" in a different typeface; it is also the only coin to consistently bear its issue date on the obverse.

Contents

Naming

When the coin was introduced a number of nicknames were suggested. Some of the early ones included the bearie (analogous to the Loonie and its loon), the bearly, the deuce and the doubloonie (a play on "double Loonie" and the former Spanish doubloon coin). A joke refers to the coin as "The Queen with the Bear Behind", and thus the mooniecitation needed. Another joke poked fun at the then-weak Canadian dollar to American dollar exchange rate by suggesting that the coin be called "the American silver dollar"citation needed. In Vancouver, people were referring to the coin as "the peso" because it looked like a 10 peso coin from Mexico, and 10 pesos was worth about $2 Canadian at the time. Finally, the coin has been referred to as the Bouchardcitation needed (after Quebec separatist leader Lucien Bouchard), due to a few reports of the inside disc of the coin separating from the outside in early coins.

Another angle to the name pairs the word Toonie up with the Loonie to complete the reference to "loonie toonie" or the famous and popular Looney Tunes cartoons; an indirect jibe at Canadian politicians who introduced the coins replacing the paper currency equivalents.

The name Toonie became so widely accepted that in 2006 the Royal Canadian Mint secured the rights to it. A competition to name the bear resulted in the name "Churchill", a reference both to the common polar bear sightings in Churchill, Manitoba and Winston Churchill.1

Commemorative editions

Year Theme Artist Mintage Special Notes
1999 The founding of Nunavut G. Arnaktavyok 25,130,000 Commemorating the founding of Nunavut, featuring an Inuit drummer
2000 Knowledge/Le Savoir Tony Bianco 29,880,000 Millennium edition, the coin value "2 DOLLARS" appears on the obverse instead of on the reverse. It also features three polar bears.
2006 10th Anniversary Tony Bianco N/A Featuring an updated polar bear image with a rising sun behind the bear. The first circulation coin to be introduced with the new 'mintmark'. 2

First strikes

Year Theme Mintage Issue Price
2005 Polar Bear 2,375 $14.95
2006 10th Anniversary Toonie 5,000 $15.95
2006 New Mint Mark 5,000 $29.95

Miscellanea

  • Many Toonies in the first shipment of the coins were considered defective, because they could separate if struck hard or frozen, as the centre piece would shrink more than the outside. This problem quickly garnered media attention and eventually was believed to have been corrected, and the initial wave of so-called Toonie popping blew over a few months after the coin's introduction. Although the public appears to believe the Toonies were corrected, the coins can still be separated if struck hard or frozen. Such a separated coin may still be redeemed at a bank for its face value; however, Canada's Currency Act explicitly reads "No person shall ... melt down, break up or use otherwise than as currency any coin that is current and legal tender in Canada."3 Punishment is a fine of up to $5000.00 and/or up to 5 years imprisonment.

See also

References

Wikipedia content modification information:

  • This page was last modified on 22 November 2008, at 04:23.

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