Loonie? |
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| Loonie | |
| Value: | 1.00 CAD |
| Mass: | 7 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) |
| Obverse | |
| Design: | Queen Elizabeth II, Canada's Queen |
| Designer: | Susanna Blunt |
| Design Date: | 2003 |
| Reverse | |
Image:Loonie.jpg |
|
| Design: | common loon in water |
| Designer: | Robert-Ralph Carmichael |
| Design Date: | 1987 |
- See also loony (short for 'lunatic'), which is sometimes spelled 'loonie'.
Loonie is the unofficial but commonly-used name for Canada's gold-coloured, bronze-plated, one-dollar coin. It bears an image 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 dies were lost in transit to the Royal Canadian Mint in Winnipeg. In order to avoid counterfeiting problems 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.
The switch occurred when Brian Mulroney (which rhymes with 'loonie') was Prime Minister; hence the coin was in its early years sometimes called 'Mulroney's loonie' or the 'Mul-loonie,' but use of these terms has largely died out.
The coin has become the symbol of its currency (newspapers will often discuss the rate at which the 'loonie' is trading against the 'greenback'), and as such, Loonie (huard in French) is a slang term for the Canadian dollar in general.
On occasion the coin has shown other images, for instance the National War Memorial to commemorate VE day, and in 2005, a portrait of Terry Fox; it is still, however, referred to as a loonie.
Special ion includes:
- 1992: 125th Anniversary of the Confederation, showing children and the Parliament Building. The regular "loon" design was also minted that year bearing the double date "1867-1992".
- 1994: National Cenotaph of Ottawa, Canada
- 1995: Canada's Peacekeepers
- 2004: Lucky Loonie celebrating Canada's Olympic athletes
- 2005: 25th Anniversary of the Terry Fox's Marathan of Hope. Nicknamed "the Terry". Fox is the first ever Canadian to be featured on a circulation coin
The coin is made of bronzelectroplated nickel. The total composition of the coin is 91.5% nickel and 8.5% bronze; The bronze is about 88% copper and 12% tin.
In 2005, the loonie gained an American neighbour when Minnesota's state quarter featured a loon, the official state bird. Like the Canadian dollar, Minnesota's loon also faces right with its head raised.
See Also
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