In Canada, a circulating two-dollar coin, commonly known as a “toonie,” is generally worth its face value of CAD 2 . As of August 12, 2025, 1 CAD is approximately 0.726 USD.
However, some Canadian two-dollar coins can be worth more than their face value to collectors. This increased value is primarily driven by:
- Rarity and Mintage: Coins with lower mintages or those issued as special commemorative editions can be more sought after.
- Condition: Coins in pristine condition, graded as “Mint State” (MS), are more valuable than circulated coins with wear and tear.
- Error Coins: Coins with minting errors, such as the 1996 “beaded” toonie, can be highly collectible and command significantly higher prices.
- 1996 “Beaded” Toonie: A particularly rare example is the 1996 “beaded” toonie, with only four known examples. One such coin, graded PCGS AU55, sold for CAD 5,400 in September 2021.
- Earlier Toonie Issues: Generally, earlier toonie issues, such as the 1996 coins, tend to be more valuable than later releases.
- Commemorative Issues: Special commemorative issues, like the 2012 HMS Shannon toonie with an “extra sail” error, can also be valuable to collectors, selling for CAD 5.50 in MS condition.
It’s important to note that the actual value of a Canadian two-dollar coin can vary significantly based on its specific year, condition, and any unique characteristics. Resources like [Greysheet] and numismatic associations like the Royal Canadian Numismatic Association (RCNA) can provide more detailed information on coin values and collecting.
Is a Canadian $2 coin worth anything?
The Greysheet Catalog (GSID) of the $2 Circulating Coins (1996–) series of Canada in the World Coins contains 56 distinct entries with CPG ® values between $2.70 and $34.00.
Is the 2 dollar coin real gold?
The $2 coin is made of 92% copper, 6% aluminium and 2% nickel. It is circular in shape, and has an interrupted milled edge. It weighs 6.6 grams and is 20.5 millimetres in diameter.
Why is my Canadian $2 dollar coin black?
Thanks for asking. 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.
Why is the 1996 Toonie worth so much?
I can help with that. The 1996 Beaded Toonie (known examples: 4)
– They were a pattern experiment and only a small number were ever produced. – They were an early variety which was cancelled and the vast majority of struck coins were melted down.