A new toonie will pay tribute to the late Queen Elizabeth II.

The Royal Canadian Mint has issued a $2 circulation coin featuring a black outer ring to honour Her Late Majesty Queen Elizabeth II’s service to Canada during her historic 70-year reign.

This new coin is distinguished by its black outer ring reminiscent of a mourning armband.

The coin will begin circulating later this month.

(Photo: Royal Canadian Mint)

“Queen Elizabeth II served as Canada’s head of state for seven decades and for millions of Canadians, she was the only monarch they had ever known,” said Marie Lemay, President and CEO of the Royal Canadian Mint. “Our special $2 circulation coin offers Canadians a way to remember her.”

Nearly five million coins will enter the national coin distribution system in December and will begin appearing gradually as banks re-stock their $2 coin inventories.