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
Dollar coin (United States) with a face value of one dollar, whether or not it contains some of that metal. While true gold dollars are no longer minted, the Sacagawea and Presidential dollars are sometimes referred to as golden dollars due to their color. Dollar coins have never been very popular in the United States since the removal of specie coins from circulation. Despite efforts by the government to promote their use, such as the $1 Coin Program, most Americans currently use the one-dollar bill rather than dollar coins. For this reason, since December 11, 2011, the Mint has not produced dollar coins for