The Loonie – Happy Birthday

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A very happy birthday to our iconic Canadian Loonie!   June 30, 1987, the government replaced the one dollar paper bill with a shiny, gold-coloured, 11 sided coin.  It was a hit with everyone:  taxpayers because it was predicted to save them  $175- $250 million over 20 years, the vending-machine operators who envisioned higher profits and tourists who would take one home as a souvenir.

It seems that recently the Loonie was put on a diet. The new 2012 Loonie weighs 6.27 grams, compared with the seven-gram 1987 Loonie.   Looking forward to the next 25 years…