Fourth portrait of HM Queen Elizabeth II, when she was 77 years old, facing right and surrounded with the inscription. A maple leaf above, country name and denomination below.

Dei Gratia Regina (often abbreviated to D. G. Regina and seen as D·G·REGINA) is a Latin title meaning By the Grace of God, Queen.

Engraver: Susanna Blunt

The design pays tribute to the Victory 5-cent coin designed by Thomas Shingles ("T.S.", KM# 40). On the inner core, a "V" for Victory is overlaid with a flaming torch and flanked by maple leaves, while the double dates "1945" and "2020" commemorate the 75th anniversary of the end of the Second World War. At the top of the outer ring, two images of a maple leaf appear within the line pattern. The words "VICTORY" and "VICTOIRE" are framed by an inscription in International (Morse) Code; when translated, the dots and dashes mean "WE WIN WHEN WE WORK WILLINGLY" and "LA BONNE VOLONTÉ EST GAGE DE VICTOIRE". At the bottom of the outer ring, the inscriptions "REMEMBER" and "SOUVENIR" are paired with two security marks consisting of a maple leaf within another maple leaf.

The selectively coloured $2 coin adds a deep blue colour to the "V" symbol and a mix of orange and yellow to the silver torch's flame.

The 1943 Victory 5-Cent Coin was the first one to be minted with master tooling that had been entirely made in Canada (Thomas Shingles engraved the master matrix by hand). The Victory design was re-created on a previous commemorative circulation coin: the 2005 Victory Anniversary Nickel.