Loonie is the unofficial but commonly-used name for Canada's gold-coloured, bronze-plated, one-dollar coin. It bears an image of a common loon, a well-known Canadian bird, on the reverse and of Queen Elizabeth II on the obverse. The name was a tongue-in-cheek reference not only to the bird but also to the unpopular or 'looney' changeover from a paper dollar to a coin in 1987.

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 dies were lost in transit to the Royal Canadian Mint in Winnipeg. In order to avoid counterfeiting problems a different design was used [1] (http://www.snopes.com/business/money/loonie.asp). The coin was released to the public on 30 June 1987.

It was unpopular until the government withdrew the one-dollar note from circulation. The switch occurred when Brian Mulroney (which rhymes with 'loonie') was Prime Minister; hence the coin was in its early years sometimes called 'Mulroney's loonie,' but this term has largely died out.

The coin has become the symbol of its currency (newspapers will often discuss the rate at which the 'loonie' is trading against the 'greenback'), and as such, Loonie (huard in French) is a slang term for the Canadian dollar in general.

On occasion the coin has shown other images, for instance the War Memorial to commemorate VE day; it is still, however, referred to as a loonie.

The coin is made of bronze-electroplated nickel. The total composition of the coin is 91.5% nickel and 8.5% bronze; The bronze is about 88% copper and 12% tin.

See also

• Canadian currency
• Canadian English
• The loonie gained an American neighbor in 2005 when Minnesota's state quarter featued a loon, the official state bird. Like the Canadian dollar, Minnesota's loon also faces right with its head raised.
• The acceptance of the name 'loonie' for the one-dollar coin paved the way for the subsequent two-dollar coin to become the 'toonie' (though some preferred 'doubloonie' when the coin was first introduced). One can only speculate as to what the often-mooted five-dollar coin would be called.

External links

• Royal Canadian Mint (http://www.mint.ca/en/collectors_corner/)
• The chemistry of the loonie (http://www.cheminst.ca/ncw/articles/1991_loonie_e.html)

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Loonie (short for lunatic) is an inclusive term used by residents of the lunar colony in The Moon is a Harsh Mistress by Robert Heinlein.

A Canadian Loonie was mentioned in the sixth season Star Trek: Deep Space Nine episode entitled "Blaze of Glory" by the renegade starfleet officer Michael Eddigton as being a momento that he cherished.