The value of a 1996 Canadian 2 dollar coin (Toonie) depends heavily on its condition and whether it’s a standard circulation coin or a rarer variety.
- Circulated: Generally, a circulated 1996 Toonie will be worth its face value, which is two Canadian dollars. However, coins in good condition with minimal wear and tear might fetch a slight premium among collectors, perhaps in the range of CAD $2.70 – $5.00.
- Uncirculated: An uncirculated 1996 Toonie could be worth more, depending on its grade. [Greysheet according to Greysheet] , an uncirculated (MS) 1996 Toonie on a Canadian planchet is valued around CAD $2.70.
- German planchet variety: These coins were produced using planchets (blank coin discs) sourced from Germany and have a dull, matte texture with faint lines on the outer ring.
– A 1996 German planchet Toonie in MS63 condition could be worth around CAD $80.
– An MS65 grade could be valued at approximately CAD $271.
– An MS66 grade could reach around CAD $694.
– An MS67 German planchet Toonie could be worth over $1,000.
- Beaded variety: These coins are characterized by a “beaded” appearance along the rim, [according to Yahoo Finance] . Only four examples of this variety are known to exist. One such example (graded PCGS AU55) sold for $5,400 CAD in September 2021.
- Errors: Coins with minting errors, such as off-center strikes, doubling, or planchet errors, can also command higher values.
- Proof coins: Proof coins are specially minted for collectors and often have a higher value than standard circulation coins. For instance, a 1996 $2 Proof coin can be valued around $13.
In summary
While most 1996 Canadian 2 dollar coins are worth face value, certain varieties like the German planchet or those with errors can be significantly more valuable to collectors. If you believe you have one of these rarer varieties, it’s recommended to consult with a professional coin appraiser to determine its exact value.
How much is a 1996 Elizabeth II coin worth?
I can help with that. And scarcity. However it’s essential to note that factors such as rarity historical significance. And market demand can influence the coin’s. Value over time.
How many 1996 toonies are there?
By the end of 1996, the Winnipeg facility had struck 375 million of these coins. The coin was officially launched at Ben’s Deli in Montreal on February 19, 1996. The weight of the coin was originally specified as 112.64 grains (7.299 g).
Why is my Canadian $2 dollar coin black?
Good point! This $2 circulation coin is a solemn tribute to Queen Elizabeth II (1926-2022) that marks the end of a historic reign. Like a mourning band, the black outer ring surrounds the polar bear design at the centre of the coin’s reverse.