The Canadian Gold Polar Bear Coin is 99.99% gold and its pure content makes it suitable for IRA investment. The addition of gold to your IRA account not only provides portfolio diversification but a critical hedge against depreciating paper currencies.
“Toonie” is a portmanteau word combining the number “two” with the name of the loonie, Canada’s one-dollar coin. It is occasionally spelled “twonie” or “twoonie”, but Canadian newspapers and the Royal Canadian Mint use the “toonie” spelling.
The metals for the bimetallic polar bear coin would be lighter and thinner than those produced anywhere in the world. To join the two parts, the engineering division selected a biomechanical locking mechanism.Polar bear coin is also known as patented bimetallic coin. The two-dollar coin is introduced on February 19, 1996 to replace the two-dollar bank note – as coins last some 20 times longer than notes. Familiarly known as the “Toonie,” the two-dollar coin features a distinctive bi-metallic locking mechanism engineered and patented by the Royal Canadian Mint. The coin’s outer ring is nickel; the inner core is aluminum bronze (92% copper, 6% aluminum, 2% nickel). In 1996 alone, 375 million “Toonies” are struck at the Royal Canadian Mint’s Winnipeg plant – an amazing feat. The reverse depicts an adult polar bear in early summer on an ice floe. It was designed by Ontario artist Brent Townsend, who specializes in studies of North American wildlife and landscapes.