Twenty-Years Young – "The Loonie" Celebrates A Milestone

Twenty-Years Young – "The Loonie" Celebrates A Milestone

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Ottawa, Ontario, June 27, 2007 – What has 11 sides, is yellow-gold in colour and is celebrating a birthday? Canada's beloved one-dollar coin, affectionately known as "the Loonie", turns 20 on June 30th.

It has been two decades since Canadians said goodbye to one-dollar banknotes and welcomed the new coin in their pockets and change purses. At that time, it was the most significant change to Canada's coinage system in over 50 years.

"In 1987, the Royal Canadian Mint was proud to be involved in such an important event and over the years, the one-dollar coin has become a true Canadian symbol," said Ian E. Bennett, President and CEO of the Royal Canadian Mint.

The Government of Canada first announced the introduction of the one-dollar coin in March 1986, after several business and special interest groups suggested significant savings and benefits could be realized.

While the reverse of the one-dollar coin bears the design of a loon in water by Ontario artist Robert-Ralph Carmichael, the coin has seen several variances in the past few years, including:

  • The Remembrance design, featuring the National War Memorial in Ottawa in 1994
  • Special Lucky Loonie designs in 2004 and 2006, to cheer on our Olympic and Paralympic athletes
  • The commemoration of the 25th anniversary of Terry Fox's Marathon of Hope in 2005, which was the first time a Canadian-born individual was featured on a Canadian circulation coin
Produced at the Mint's state-of-the-art facility in Winnipeg, over 800 million one-dollar coins have been struck since first being launched into circulation.

About the Royal Canadian Mint
The Royal Canadian Mint, an ISO 9001-2000 certified company, is the Crown Corporation responsible for the minting and distribution of Canada's circulation coins. In operation since 1908, the Royal Canadian Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized, high quality coinage products and related services on an international scale. For more information on the Royal Canadian Mint, its products and services, visit www.mint.ca.

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For more information, please contact:
Christine Aquino
Director, Communications
Tel: (613) 993 9999
Tel: (613) 991-5342
aquino@mint.ca