What happened to Canadian one dollar coins?

The government calculated that the cost of materials for the Mint to solely produced coins would save money over time. Dollar bills ceased production in 1988. The “Loonie" has since become an iconic Canadian symbol and staple of Canadian coinage. What is the Value of your Canadian One Dollar Coin? View more in our Canadian One Dollar Price Guide.

Is a loonie a Canadian coin?

The loonie ( French: huard ), formally the Canadian one-dollar coin, is a gold-coloured Canadian coin that was introduced in 1987 and is produced by the Royal Canadian Mint at its facility in Winnipeg.

What is a Canadian dollar obverse?

Loonies today have the words "Canada Dollar," and the date stamped on the reverse, and the Latin phrase "EElizabeth II D.G. Regina" on the obverse. Initially, Canada used the note format for one-dollar denominations. The Royal Canadian Mint produced the first dollar coin for circulation in 1935.

When did Canadian coins come out?

From 1943 to 1945, the Mint issued the "Victory nickel" to promote the Canadian war effort. In 1951 a circulating commemorative coin, a 5-cent piece for the bicentennial of the discovery of the element nickel, was released. In 1967, all Canadian coins were issued with special reverses to celebrate the Canadian centennial.