New Loonies, Toonies Go into Circulation

Take a closer look the next time you handle a loonie or toonie — they may look a little different.

The Royal Canadian Mint on Monday began circulating new generation one-dollar and two-dollar coins, which were manufactured with the Mint’s patented multi-ply plated steel technology right here in Winnipeg.

The pieces are more cost-effective to produce and come with increased security. The new coins retain the common loon and polar bear designs and existing physical appearance, but now include laser mark micro-engraving, and the two-dollar coin also contains a virtual image and edge lettering.

The coins will not replace existing ones currently in circulation. All previous versions of the one-dollar and two-dollar coins will continue to remain legal tender.