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The Canadian Two Dollar Coin

Updated on September 13, 2014

Canada's 2 Dollar Twoonie - Toonie

The Canadian people quickly gave the new two dollar coin the nickname "Twonie" or "Toonie". This trend of nicknaming Canada's new coins following the introduction of the one dollar coin being nicknamed "The Loonie" shortly after its introduction.

Did you know that the 2012 Toonies and Loonies do not work in any of the vending/ticket machines out there? They have made them a lot lighter than the other ones, so the machines will either spit them out and not accept them, or take them but give you no credit for them.

So be careful the next time you use a coin operated machine, and what coins you are using.

All photos found on this article are ©Jolene Belmain.

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Collectible two dollar Canadian Coins:

The first Canadian 2 dollar coins were minted in 1996. The first lots of these two dollar coins to tumble off the assembly line had a very unique defect in their composition. The bi-metallic coin locking mechanism designed to hold the two rings in place was not yet perfected and the smaller inner ring of the coin easily slipped out of the larger outer ring.

These now very collectible defective versions of the Canadian 2 dollar coin were quickly recalled to the mint but a few were most likely securely tucked away by collectors. There are probably quite a few of these defective first renditions of the Canadian toonie sitting in coin collections around the world.

Bill printed in 1954

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The Design of the Canadian Two Dollar Coin.

Her Majesty Queen Elizabeth ll appears on one side of the inner circle of this first 2 dollar coin while the image of a polar bear is featured on the other side of the inner circle. This image of the polar bear was designed by the famous Canadian wildlife artist Brent Townsend, and it was to appear on the Candian toonie from 1996 to 1998, and then to once again in the year 2001.

In 1999 a special image designed by Germaine Amatauyok is featured to honor the establishment of Nunavut as a new territory within Canada.

In 2000 an image of a mother polar bear and her cubs designed by Tony Bianco is featured on the Canadian 2 dollar coin. The inscription on the outer edge of this Canadian toonie reads KNOWLEDGE _ LE SAVOIR.

Bill from 1974

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The Canadian Toonie - Twonie is Canada's First Bi-Metallic Coin

This coin was uniquely minted because it was the first Canadian coin to have two very different metal rings joined together to create a single coin. This bi-metallic coin featured an outer silver ring and an inner gold colored ring. On the outer ring of one side of this new coin was imprinted CANADA, 2 DOLLARS while on the other side of the outer ring was printed ELIZABETH ll, D.G.REGINA. Also featured on this same side of the new Canadian two dollar coin was the year of the coins minting and a small imprint of a maple leaf. The maple leaf being one of Canada's most recognized national symbols.

The wide outer ring of the new Canadian two dollar coin was comprised of ninty-nine percent nickel, while the inner ring was composed of a three metal blend of ninty-two percent copper, six percent aluminum, and two percent nickel.

Bill from 1986 with robins

Have you ever seen a Canadian Toonie?

Have you ever seen a Canadian Toonie?

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Do you collect coins?

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    • Coffee-Break profile image

      Dorian Bodnariuc 4 years ago from Ottawa, Ontario Canada

      The Canadian Silver Hockey Coin is beautiful. I want to buy one.

    • JoleneBelmain profile image
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      JoleneBelmain 4 years ago

      @mojoCNYartist: I see the novelty of keeping them at first site for sure, but you would think that after a while they would realize that they would be around to stay and start circulating the 2 dollar bills or coins after a little while.

    • mojoCNYartist profile image

      Dan 4 years ago from CNY

      Very interesting lens...2 dollar bills never worked here in the states, because people would horde them and not circulate them. Same with dollar coins. Saw you in forums, and decided to visit some lenses.

    • JoleneBelmain profile image
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      JoleneBelmain 4 years ago

      @WorkSmarter101: Silver dollars are amazing... you've picked a great coin to collect :)

    • WorkSmarter101 profile image

      WorkSmarter101 4 years ago

      Thanks for the post, I like collecting silver dollars.

      I'm going to hold on to my coins and check out the value.

    • profile image

      kimmanleyort 4 years ago

      Really wonderful lens on toonies. Blessed.

    • JoleneBelmain profile image
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      JoleneBelmain 5 years ago

      @Lady Lorelei: Thanks so much... our Canadian Thanksgiving was filled with wonderful family, great food, and tons of love :)

    • Lady Lorelei profile image

      Lorelei Cohen 5 years ago from Canada

      A very happy Canadian Thanksgiving wish for you. I hope your Thanksgiving weekend is filled with blessings of warmth, happiness, and love.

    • JoleneBelmain profile image
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      JoleneBelmain 5 years ago

      @anonymous: The two dollar bill sure has changed over the years, but the Toonie/Twonie is magnificent in it's own way :)

    • profile image

      anonymous 5 years ago

      Stopping back to practice saying "Twonie Toonie", just can't seem to do it twice in a row....also enjoyed your Canadian coin display!

    • JoleneBelmain profile image
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      JoleneBelmain 5 years ago

      @Holley Web: It was my mom who got me into coin collecting, and I will never forget the first time she noticed that I was into it too... but that's another story for another time ;) (as they say)

    • Holley Web profile image

      Holley Web 5 years ago

      I do collect coins as does my father. What a beautiful lens full of gorgeous coins :)

    • JoleneBelmain profile image
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      JoleneBelmain 5 years ago

      @anonymous: There's always something new to learn about money (such a fascinating thing isn't it?) lol... Who doesn't love money :)

    • profile image

      JoshK47 5 years ago

      I used to see these in change all the time when I worked in a grocery store - I always thought the bi-metal thing was really cool. Thanks for sharing!

    • profile image

      anonymous 5 years ago

      Looks like a lot of good work and time has been dedicated to your lens. Well done!

    • JoleneBelmain profile image
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      JoleneBelmain 5 years ago

      @JoshK47: The Toonie was definitely one of a kind when it came to the metal thing... so neat.

    • JoleneBelmain profile image
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      JoleneBelmain 5 years ago

      @AnnaMKB: I think it's very neat how they change bills and coins as the years pass... and it's even more neat to go back and look at them years later to see how they've changed.

    • AnnaMKB profile image

      AnnaMKB 5 years ago

      I don't actively collect coins, but I do have one each of the older two dollar bills.

    • JoleneBelmain profile image
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      JoleneBelmain 5 years ago

      @LaraineRoses: I love the new $100 bills that are out there... I have heard quite a few that don't like them at all... seems to be the census... either people love them or hate them. I think if they safe trees, and last way longer, way to go :)

    • LaraineRoses profile image

      Laraine Sims 5 years ago from Lake Country, B.C.

      I wish that would have saved at least one $2.00 bill. I worked at a bank for a while and money just seemed so dirty to me after that so I never saved any. I want to save the $100.00 bill. Isn't it pretty! Just kidding. It sounds like you have a wonderful collection of Canadian money.

    • JoleneBelmain profile image
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      JoleneBelmain 6 years ago

      @CanadaGear: Thank-you so much for the wonderful comment, and for stopping by so many of my lenses it is greatly appreciated :)

    • profile image

      CanadaGear 6 years ago

      You do a lovely job on your Canadian coin collecting lenses, many thanks :)

    • ColorPetGifts profile image

      ColorPetGifts 6 years ago

      We're smart to have loonies and twoonies coins instead of bill money in Canada -:)

    • Redneck Lady Luck profile image

      Lorelei Cohen 6 years ago from Canada

      I have to wonder if the US will also switch to a 1 dollar and 2 dollar coin. It makes economic sense to have coin money rather than paper dollars.

    • profile image

      anonymous 6 years ago

      Now I never knew that these even existed, I love the name Toonie - Twonie, it just sound so fun. I grew up on the Ontario/Minnesota border, so always saw a lot of Canadian money and was always fascinated by it, especially the colorful paper money.

    • Blackspaniel1 profile image

      Blackspaniel1 6 years ago

      I have a collection, and we sell coins as well.

    • profile image

      poutine 6 years ago

      I love our toonies and loonies.

    • WindyWintersHubs profile image

      WindyWintersHubs 6 years ago from Vancouver Island, BC

      Great Info on our Canadian Toonie! I never thought I would get used to them but it's easier than carrying lots of loonies. Happy Holidays!