Loonie is the name Canadians gave the gold-coloured, bronze-plated, one-dollar coin shortly after its introduction in 1987. It 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 often discuss the rate at which the loonie is trading against the United States "greenback". The nickname loonie (huard in French) became so widely recognized that on March 15, 2006 the Royal Canadian Mint secured the rights to the name "Loonie".
The coin — an 11-sided polygon — is made of Aureate, a bronze-electroplated nickel combination. The total composition of the coin is 91.5% nickel and 8.5% bronze. The bronze is about 88% copper and 12% tin.
The coin has been met with a general public acceptance. American comedian Robin Williams referenced the Loonie during his 2002 Live On Broadway special, taking a jab at its peculiar name. He said, "Canadian money is also called "the Looney"; how can you take an economic crisis seriously?". Though the Loonie has received its share of humorous jabs, the coin was quickly embraced by the Canadian public. The town of Echo Bay, Ontario, home of loonie designer Robert-Ralph Carmichael, has erected an enormous loonie in honour of Mr. Carmichael along the highway — similar to Sudbury's 'Big Nickel'. On Canada's version of the television game show Deal or No Deal, the loonie has replaced the one dollar case.
|1992||125th Anniversary of the Confederation||Rita Swanson||23,010,000||showing children and the Parliament Building. The regular loon design was also minted that year bearing the double date "1867-1992".|
|1994||Remembrance Design||RCM Staff||15,000,000||image of the National War Memorial in Ottawa|
|1995||Peacekeeping Monument||J.K. Harman, R.G. Enriquez, C.H. Oberlander, Susan Taylor||41,813,100 (see note)||Included in 1995 Loon Mintage|
|2004||Lucky Loonie||R.R. Carmichael||6,526,000||A Sterling Silver Edition was produced|
|2005||Terry Fox||Stan Witten||12,909,000||Fox is the first Canadian citizen to be featured on a circulated Canadian coin. There are versions that exist without grass on the reverse of the coin.|
|2006||Lucky Loonie||Jean-Luc Grondin||2,145,000||This is the second Lucky Loonie.|
|2008||Lucky Loonie||Jean-Luc Grondin||Ten million||This is the third Lucky Loonie.|
|2010||Lucky Loonie||N/A||N/A||This will be the fourth Lucky Loonie.|
Reputedly, becuase of their centennial in 2009, the Montréal Canadiens professional ice hockey team is due to be honored by a special loonie coin, in March 2009, bearing the "CH" logo of the team on the reverse side.
|2002||15th Anniversary Loonie||Dora de Pédery-Hunt||67,672||$39.95|
|2004||Jack Miner Bird Sanctuary||Susan Taylor||46,493||$39.95|
|2006||Snowy Owl||Glen Loates||39,935||$44.95|
|2007||Trumpeter Swan||Kerri Burnett||40,000||$45.95|
|2006||With New Mint Mark||5,000||$29.95|
A loonie was also used at the IIHF World Hockey Championships between Canada and Sweden on May 11, 2003. This lucky loonie is known affectionately as the Helsinki Loonie. It was hidden surreptitiously before the Gold-Medal hockey game and saw Team Canada to victory. After forward Anson Carter scored against Swedish goaltender Mikael Tellqvist in overtime to win the World Hockey Championship for Canada, Team Canada officials admitted they had placed a Loonie in the padding beneath the crossbar of the Swedish net.
The legend is also prevalent in curling, as the Kevin Martin rink at the same Olympics had won silver medals on a sheet with silver-coloured quarters underneath the surface. At the 2006 Winter Olympics, the Canadian icemakers in the curling tournament buried two loonies, one at each end of the sheet — coincidentally, Brad Gushue would win the gold medal there. In the same Olympics, the icemakers at the hockey tournament announced that they would not bury a loonie under the ice. The men's team finished out of the medals while the women's team won gold.
This legend is kept alive by the Royal Canadian Mint, which has since issued specially-designed "Lucky Loonies" for each year the summer and winter Olympics Games are held. Two new Olympic-themed loonies are due to be released in commemoration of the 2010 Winter Olympics being held in Vancouver-Whistler.
An episode of Star Trek: Deep Space Nine ("Blaze of Glory") also made mention of a lucky loonie – although the episode's air date (12 May 1997) predates the more-recent Olympic tradition, making it impossible for the scriptwriter to have intended a connection between the fictional coin and its real-world counterpart. The character, Michael Eddington, had a family heirloom in the form of a 22nd century Canadian one dollar coin that he called his "lucky loonie".
Team Russia has also made use of the lucky loonie - in the IIHF world championhips in the year 2008 the coin was buried by Alexander Ovechkin at the centre of the ice and then dug out after Russia beat Canada 5 - 4 in overtime.
In the 2006 Stanley Cup Finals, the Edmonton Oilers were said to have a lucky loonie buried at centre ice of the home stadium of the opposing Carolina Hurricanes in Raleigh, North Carolina. However, during a practice before game 7 of the series, the Carolina players discovered and removed the loonie and the Oilers lost the championship in that final game.
Canada's 'Loonie' Heading South; Decline of Once-Strong Currency Stirs Feelings of Fear, Resentment Toward U.S.
Feb 01, 2002; Customers lining up at a downtown Toronto bank have been ever more grumpy in recent weeks as they put crumpled wads of Canadian...