Obverse: the obverse of the coin shows a portrait of King George VI with the inscription 'GEORGIVS VI DEI GRATIA REX'.
Reverse: the reverse of the silver coin features the 'Matthew', the ship on which historians believe John Cabot sailed when he discovered Newfoundland, and the Latin inscription 'FLOREAT TERRA NOVA' (May the newly discovered land prosper). The name of the country of origin 'CANADA' is embossed at the top and the denomination 'DOLLAR' at the bottom.