The doubloons tossed to those viewing the parade are generally aluminum, and some of these doubloons may be colored. But higher quality doubloons, which cost more, are not normally thrown from floats. They include bronze, oxidized silver, multicolor, and fine silver doubloons.
The special doubloons often have the same images as the aluminum doubloons, but the eye appeal is greatly enhanced. This article will show some, a small sample, of multicolor doubloons. Some of those are colorized on both sides, and others are colorized on only one side. Some are high relief. A few are cloisonne doubloons.
If there is but two colors the doubloon is called a dual doubloon, and if there are but three colors it is called a tricolor doubloon. Dual doubloons are nice, but not as nice as the tricolor and multicolor doubloons.
Below is a sample of a Mardi Gras doubloon I currently have in. It and many others are available at the time of writing this article in my Ebay store using the seller name blackspanielgallery. My Ebay store also includes some other Mardi Gras items.