Newfoundland 2 dollar coin minted in London. Newfoundland's two dollar coin was broadly used not only in Newfoundland, but also in Eastern Canada in general. The supply of the coins "virtually disappeared" in 1894, when Newfoundland's banks and monetary system collapsed. With paper banknotes being distrusted, the gold coins were hoarded, as well as two next-highest Newfoundland denominations, the silver 50-cent and 20-cent pieces. With its two-dollar coin, Newfoundland became the only British colony to issue circulating gold coinage apart from Sydney Mint which issued Australian sovereigns from 1855 onwards. Gold coinage was used in Canada and other British domains. For example, in the
50-cent piece (Canadian coin) half-dollar coin. Newer vending machines do not generally accept it, even when they accept coins of both higher and lower value, but many older machines that were retooled to accept loonies will misidentify a 50-cent piece as a loonie, thus allowing the value of the coin to be doubled. A largely unsuccessful attempt was made by the Royal Canadian Mint to promote the use of the coin when a special edition was released in 2002 marking the 50th anniversary of the accession of Elizabeth II to the throne. After this failed promotion, the mint stopped distributing 50 cent pieces to