Loonie is the name Canadians gave the gold-coloured, bronze-plated, one-dollar coin shortly after its introduction in 1987.
The coin, an 11 sided polygon, 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 master dies were lost by the courier service while in transit to the Royal Canadian Mint in Winnipeg. In order to avoid possible counterfeiting, a different design was used. 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.
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