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Queen Elizabeth II honored with $2 coin with black ring

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The Royal Canadian Mint is issuing a new $2 coin with a black ring in honor of the late Queen Elizabeth II.

Dated 2022 and set to enter circulation later this month, the coin will feature the regular design elements of a $2 coin in addition to the black band, which is intended to symbolize a mourning bracelet.

The center of the coins is still gold, with its silver outer part replaced by black nickel. The late Queen’s likeness will be emblazoned as usual on one side, with Brent Townsend’s traditional polar bear design on the other.

The Queen died in September after 70 years on the throne. She was succeeded by her son, King Carlos III.

“Queen Elizabeth II served as Canada’s head of state for seven decades and, for millions of Canadians, she was the only monarch they had ever known,” said Marie Lemay, president and CEO of the Royal Canadian Mint, in a press release. . “Our $2 special circulation coin offers Canadians a way to remember her.”

The Mint is creating nearly five million coins in an initial run, though more can be created if needed. They will begin entering the national coin distribution system on Wednesday and will appear to the public throughout the month as banks replenish their inventories of $2 coins.

Additionally, the Mint will conduct public coin exchanges in Ottawa and Winnipeg on Wednesday and Thursday.

Canadian coins have featured the reigning monarch’s likeness since production began in 1908, a fact that led to speculation after the Queen’s death that the Mint would need to quickly produce a new legal tender coin featuring the King Carlos III in them.

However, the current $20 banknote will circulate for years and there is no requirement to change the design of the coins within a specified period after a change in the monarchy. Coins bearing the image of King Charles III have already been released in the UK, but it remains to be seen when circulating Canadian king-face coins will hit our wallets.

New coins are often minted to honor specific people, historical events, or groups, but many special coins are created in more limited runs.

Last month, the Mint created a $1 commemorative circulation coin for inventor Alexander Graham Bell, and in August, the Mint released a new $1 circulation coin honoring jazz legend Oscar Peterson. , both limited to a circulation of three million coins.

About a billion circulating coins are manufactured each year at the Mint’s facility in Winnipeg.

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