Canadian 2-dollar coin · (1996-1998 and 2001-2003)

The polar bear (1996-1998 and 2001-2003)

When introduced in 1996, the 2-dollar circulation coin showed a portrait of Queen Elizabeth II designed by Canadian artist Dora de Pedery-Hunt. This image of Her Majesty appeared on all Canadian circulation coins from 1990 to 2003. The iconic Polar Bear design on the reverse is the work of renowned wildlife artist Brent Townsend.

What a coin with this design is made of

Every 2-dollar coin carrying this design falls outside the years the Mint records a silver-bearing composition for. There is no silver in any of them, so there is no melt value to work out. What one of these is worth depends on condition and on the date, and this site does not publish figures for either.

Across the years the Mint reports for this design, 447,908,000 2-dollar coins were struck.

Denomination

Canadian 2-dollar coin

Introduced in 1996, bimetallic from the start, and never struck in silver for circulation.

What these sell for

Sold listings

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Every year of this design

YearCompositionSilverMintage
1996outer ring 99% nickel, inner core 92% copper, 6% aluminum, 2% nickelnone375,483,000
1997outer ring 99% nickel, inner core 92% copper, 6% aluminum, 2% nickelnone16,942,000
1998outer ring 99% nickel, inner core 92% copper, 6% aluminum, 2% nickelnone5,309,000
2001outer ring 99% nickel, inner core 92% copper, 6% aluminum, 2% nickelnone11,910,000
2002outer ring 99% nickel, inner core 92% copper, 6% aluminum, 2% nickelnone27,020,000
2003outer ring 99% nickel, inner core 92% copper, 6% aluminum, 2% nickelnone11,244,000

Other 2 dollars reverses

The design name, its period and the description above are reproduced from the Royal Canadian Mint’s reverse design notes for the 2-dollar coin, retrieved 2026-09-04. Compositions and mintages come from the same page. This site publishes no variety, grade or catalogue distinctions, because those are not in the Mint’s record. Methodology.