Loonie

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One dollar (Loonie) (Canada)
Value: 1.00 CAD
Mass: g
Diameter: 26.5 mm
Thickness: 1.75 mm
Edge: Eleven-sided, smooth
Composition: 91.5% Ni,
8.5% bronze plating
(88% Cu, 12% Sn)
Years of Minting: 1987–present
Catalog Number: -
Obverse
Obverse
Design: Elizabeth II, Queen of Canada
Designer: Susanna Blunt
Design Date: 2003
Reverse
Reverse
Design: common loon in water
Designer: Robert-Ralph Carmichael
Design Date: 1987
See also loony (nicknamed for loon), which is sometimes spelled 'loonie'.

Loonie is the name Canadians gave the gold-coloured, bronze-plated, one-dollar coin shortly after its introduction. It bears images of a common loon, a well-known Canadian bird, on the reverse, and of Queen Elizabeth II on the obverse.

The design for the coin was meant to be a voyageur theme, similar to the country's previous one dollar/silver dollar coin, but the reverse dies were lost by Canada Post while in transit to the Royal Canadian Mint in Winnipeg. In order to avoid possible counterfeiting, a different design was used [1]. The coin was released to the public on 30 June 1987, and circulation of the one-dollar banknote was intentionally reduced at the same time to forestall any reluctance by the public to accept the new coin. As a result, the introduction of the coin was successful in achieving public acceptance in a fairly smooth fashion.

The switch occurred when Brian Mulroney was Prime Minister; hence the coin was in its early years sometimes called Mulroney's Loonie or the Mul-loonie[citation needed], but use of these terms has largely subsided.

The coin has become the symbol of its currency. Newspapers will often discuss the rate at which the loonie is trading against the United States dollar. The nickname loonie (huard in French) initially a slang term for the Canadian dollar became so widely recognized that in 2006, the Royal Canadian Mint secured the rights to the name "Loonie".

The coin is made of Aureate, a bronze-electroplated nickel combination. The total composition of the coin is 91.5% nickel and 8.5% bronze. The bronze is about 88% copper and 12% tin.

Contents

The design has been changed several times for commemorative editions:

Year Theme Artist Mintage Special Notes
1992 125th Anniversary of the Confederation Rita Swanson 23,010,000 showing children and the Parliament Building. The regular loon design was also minted that year bearing the double date "1867-1992".
1994 Remembrance Design RCM Staff 15,000,000 image of National War Memorial in Ottawa
1995 Peacekeeping Monument J.K. Harman, R.G. Enriquez, C.H. Oberlander, Susan Taylor 41,813,100 (see note) Included in 1995 Loon Mintage
2004 Lucky Loonie R.R. Carmichael 6,526,000 A Sterling Silver Edition was produced
2005 Terry Fox Stan Witten 11,000,000 Fox is the first Canadian citizen to be featured on a Canadian coin. There are versions that exist without grass on the reverse of the coin.
2006 Lucky Loonie Jean-Luc Grondin N/A This is the second Lucky Loonie.
The 2005 Terry Fox dollar
The 2005 Terry Fox dollar


Year Theme Mintage Issue Price
2005 Common Loon 1,944 $14.95
2005 Terry Fox 19,949 $14.95
2006 Lucky Loonie 20,010 $15.95
2006 With New Mint Mark 5,000 $29.95

In recent years, the golden-colored loonie became associated with Canada's winning hockey and curling teams and has been viewed as a good-luck charm in international competition. The legend began during the 2002 Winter Olympics, when a Canadian icemaker for the ice surfaces in the ice hockey tournament, Trent Evans, had buried a loonie under centre ice. Both the men's and women's hockey teams would win gold in the tournament, the men's 50 years to the day after their last gold medal victory. Following the Games, Team Canada executive director Wayne Gretzky recovered the coin and gave it to the Hockey Hall of Fame.

The legend is also prevalent in curling, as the Kevin Martin rink at the same Olympics had won silver medals on a sheet with silver-coloured quarters underneath the surface. At the 2006 Winter Olympics, the Canadian icemakers in the curling tournament buried two loonies, one at each end of the sheet — coincidentially, Brad Gushue would win the gold medal there. In the same Olympics, the icemakers at the hockey tournament announced that they would not bury a loonie under the ice — coincidentally the men's team finished out of the medals.

This legend is kept alive by the Royal Canadian Mint, which has since issued specially-designed "Lucky Loonies" for each year the summer and winter Olympics Games are held.

  • When the new coin portrait of Queen Elizabeth II was first issued in 1990, a legend surfaced that the artist had simply added the image of the so-called "King's crown" to a portrait of the Queen, and that she was never meant to be seen wearing that headgear. This is patently false; she posed personally for the portrait wearing one of her usual crowns.
  • An episode of Star Trek: Deep Space Nine ("Blaze of Glory") also made mention of a lucky loonie, although the episode's air date (12 May 1997) predates the more-recent Olympic tradition, making the two unrelated. The character, Michael Eddington, had a family heirloom in the form of a 22nd century Canadian one dollar coin that he called his "lucky loonie".
  • The town of Echo Bay, Ontario, home of loonie designer Robert-Ralph Carmichael, has erected an enormous loonie in honour of Mr. Carmichael along the highway.
  • The coin is actually a regular hendecagon (an 11-sided polygon).
  • The coin is commonly used among drug dealers, as a way to verify the measurements on scales.[citation needed]
  • On the Canadian version of Deal or No Deal, the loonie has replaced the $1USD case ("Toonie" is also present as the next highest case).

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