Toonie

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Two dollars (Toonie) (Canada)
Value: 2.00 CAD
Mass: 7.3 g
Diameter: 28 mm
Thickness: 1.8 mm
Edge: Intermittent milled/smooth
Composition: outer ring
  99% 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

Toonie (sometimes spelled twoonie or twonie) is the nickname Canadians collectively gave their two-dollar coin; it is a portmanteau word combining the number "two" with the name of the loonie, Canada's one-dollar coin. In Canadian French it is sometimes known as a polar, to rhyme with huard, for loonie.

Introduced on February 19, 1996, 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.

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When the coin was introduced a number of nicknames were suggested. Some of the early ones included 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 moonie. 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]. Finally, the coin has been referred to as the Bouchard[citation 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" (one dollar coin) 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 to the common polar bear spottings in Churchill, Manitoba.

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.
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'. [1]

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

  • 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 prohibits the deliberate "break up" of "any coin"[2].

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