Note designers hoped this simple design would make any flaws on notes counterfeited using colour copiers obvious. And the history of the toonie bears that out. Although minting a coin costs far more than printing a note, the coin option is definitely more affordable when you consider the cost of printing 10 notes for every coin. Even a polymer bank note, such as those Canada now produces, can’t match that sort of longevity.
The life expectancy of a two-dollar note was about a year. Paper bills simply don’t hold up to daily wear and tear nearly as well as coins do. It was an economic decision-a cost-saving measure. Of course, that decision had nothing to do with any sordid associations Westerners might have had for these innocent notes. In 1996, the paper note was replaced by a coin. Gifted nature artist Brent Townsend created the polar bear that has been on our toonie since 1996. Though this association is purely hearsay, the two-dollar bill was never popular out west. As the story goes, this note became associated with the shadier dealings of the frontier era-specifically prostitution. But to a Western Canadian, a two-dollar bill was a relatively unfamiliar thing. The Canadian two-dollar note had been around since before Confederation. The portraits are of the Governor General and his wife, the Marquis and Marchioness of Lansdown. This note would have been in circulation soon after the Canadian Pacific Railroad opened the West up to mass settlement. The very last two-dollar notes ever printed, and the toonie that replaced them. From one medium to another The release of the two-dollar coin and a bit of dark trivia about Canada’s two-dollar bill.
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