The Canadian Loonie

The Canadian Loonie is the Canadian $1 coin that replaced the one-dollar bill in 1987. Canadian gave it the name loonie because it has a picture of a common loon, a popular Canadian bird, on its reverse and it has Queen Elizabeth II on its obverse.

The coin itself is an 11-sided polygon is made of Aureate, a combination of bronze and nickel. It is 91.5% nickel and 8.5% bronze. There have been commemorative editions of this coin, including the Lucky Loonie and a Terry Fox commemorative, the first Canadian citizen to be on a circulated Canadian coin.

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