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Queen Elizabeth toonie most popular coin some sellers have seen

Queen Elizabeth toonie most popular coin some sellers have seen

CTV
Thursday, May 04, 2023 02:07:16 PM UTC

The two-dollar coin with a black band of nickel-plated steel features the late monarch's effigy in the centre of one side and the usual polar bear on an ice floe on the other. It's marked 2022, the year of the queen's death. The mint produced about five million of the toonies, amounting to about one for every eight Canadians.

Colin Cutler has been going to coin shows since he was 14 but has never come across a coin as popular as the black-ringed toonie the Royal Canadian Mint released to memorialize the late Queen Elizabeth.

"I have never seen a coin with this kind of demand in the 52 years I've been doing this," said the Chatham, Ont. man, who runs Collectors Corner Coins.

"There's never been a coin that's had this kind of response."

The two-dollar coin with a black band of nickel-plated steel features the late monarch's effigy in the centre of one side and the usual polar bear on an ice floe on the other. It's marked 2022, the year of the queen's death.

The mint produced about five million of the toonies, amounting to about one for every eight Canadians.

"So if you had one, seven of your friends couldn't," Cutler said. When the coin was due to be released in December, he contacted the mint and was told there were none left, so he scrambled to buy two boxes, or 1,000, of the toonies collectively worth $2,000 from a distributor.

Within a month and a half, 700 had sold for $8 apiece and his listing on Facebook Marketplace had racked up more than 10,000 views, far higher than the usual coins he sells which typically nab less than 100 views.

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