The new $2 coin retains all of the classic design elements, including a portrait of Queen Elizabeth II, her name DG Regina, year of mint and a gold inner core, but this coin has a very special and striking black outer ring, allowing the Reminiscent of mourning armbands.
The core on the reverse of the coin retains the traditional arctic motif, but is surrounded by a black outer ring.
According to the Mint, nearly 5 million new “black gold” coins will enter circulation in December and appear to the public as banks replenish their stocks of $2 coins. More may be issued if demand arises.
Four different portraits of Queen Elizabeth II have appeared on the obverse of all Canadian circulating coins since her coronation in 1953. Following the Queen’s death on September 8, 2022, the Mint said it is working with the federal government to transition to a new obverse for all Canadian coins and to comply with the Royal Succession Agreement. Because the government has exclusive jurisdiction over the design of Canadian coins, the Mint will abide by the federal government’s decisions and timelines.
In the UK, coins featuring King Charles III’s likeness went into circulation in December.