Loonies and quarters, made of a carbon steel core with multiply brass plating and nickel plating, have been used as Canadian circulation coins for decades. More recently, the Royal Canadian Mint has proposed additional requirements for the coins to have anti-wear, anti-corrosion and anti-bacterial functions. Therefore an effective coating with such functions is explored in this study. Five candidate polymers are investigated; they are polyurethane, advanced liquid glass, silicone R-2180, polytetrafluoroethylene, and standard liquid glass. Among them, only polyurethane, advanced liquid glass and silicone R-2180 have passed the preliminary appearance examination and are subjected to further testing. Anti-corrosion test in artificial human sweat environment is conducted on the coated coins. The experimental results demonstrate that these three polymer coatings have good anti-corrosion ability on quarters, and for loonies, the advanced liquid glass and silicone coatings exhibit better performance. Anti-bacterial test is performed on the advanced liquid glass coating by adding E. coli onto the coin specimens, and then the amounts of bacteria left on the specimens are calculated after certain durations. The experimental results show that the advanced liquid glass coating has better bacterial resistance than uncoated quarters, but it is not as good as loonies with brass plating. Based on all required coating attributes, advanced liquid glass is regarded as the most promising coating for circulation coins.