Description

The beaver has a long history in Canada as both commodity and cultural icon. The Hurons honoured the beaver hundreds of years ago as the totem of their tribe. Native peoples used the beaver emblem to sign treaties with the first colonists. Since then the beaver has appeared in the heraldic bearings of Québec City and Montreal and even marked Canada's first postage stamp. The beaver coin design was created by Canadian artist G.E. Kruger Gray and was first used in 1937.

One 1964 reverse die developed a heavy die crack above the water lines to the left of the beaver. The die crack looks like an extra waterline, resulting in the extra waterline (XWL) variety.

Elizabeth II (Elizabeth Alexandra Mary; 1926–2022) was Queen of the United Kingdom and of 14 other Commonwealth realms. Her reign of 70 years and seven months, which began on 6 February 1952, was the longest of any British monarch in history.

When her father died in February 1952, Elizabeth—then 25 years old—became queen regnant of seven independent Commonwealth countries: the United Kingdom, Canada, Australia, New Zealand, South Africa, Pakistan, and Ceylon (Sri Lanka), as well as Head of the Commonwealth. Elizabeth reigned as a constitutional monarch through major political changes such as the Troubles in Northern Ireland, devolution in the United Kingdom, the decolonisation of Africa, and the United Kingdom's accession to the European Communities and withdrawal from the European Union. The number of her realms varied over time as territories have gained independence and some realms have become republics.

Times of personal significance have included the births and marriages of her children, grandchildren, and great grandchildren, her coronation in 1953 and the celebrations of her Silver, Golden, Diamond, and Platinum jubilees in 1977, 2002, 2012, and 2022, respectively.