CANADA’S LOST LOONIE

OTTAWA REWIND

Canada’s “Loonie” coin was supposed to be much different than the one we know today, altered after a mysterious theft in 1986. The original dollar coin molds could still be hidden within Ottawa…

LOONIE TUNES

The “Loonie’ (maybe I should say “one dollar coin” since the Royal Canadian Mint in 2006 secured the rights to the name “loonie” according to the Canadian Trade-marks database and Canadian Intellectual Property Office) was conceived in 1982 when the Government of Canada wished to introduce a new dollar coin to eliminate the ol’ green one dollar bills.

image The old one dollar bill, in circulation from 1973-1989. (image: Bank of Canada)

Do you remember when a can of Coke cost $75 cents out of a vending machine but when the loonie® $1 coin came out, they magically went up to $1.00 in price? This is likely in part to the vending machine operators and transit…

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