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…

2 thoughts on “The Loonie – Happy Birthday

  1. The loonie has proven its worth. Interestingly–the new loonie doesn’t work in my washing machine or dryer. Not to worry, there are plenty of the classic loonies around yet!

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