New, locally designed Loonie celebrates original (2 photos)Tuesday, June 26, 2012 by: Rick McGee
Our Loonie turns 25 on Saturday, June 30.
Local artist Robert Carmichael - who resides near Echo Bay - played a central role in the coin's development.
His loon design gave the iconic piece its name.
In 1987, the new coin replaced a one-dollar banknote.
The Loon Dollar Monument (shown) on Hwy 17B in Echo Bay was dedicated 20 years ago, in 1992.
"When it was first introduced, the one-dollar coin represented the most significant change to Canada's coinage system in over 50 years and the mint proudly played a lead role in making it a reality," said Ian E. Bennett, president and CEO of the Royal Canadian Mint. "Looking back on how the world has evolved over the past 25 years, the Loonie has endured as a true Canadian symbol."
To mark the 25-year milestone, the mint has produced a $1 fine silver coin.
Carmichael's talents are featured again.
His design shows two common loons swimming around the number 25.
One represents the Loonie's journey over 25 years, while the other looks ahead to future adventures.
Limited to a mintage of 15,000 worldwide and retailing for $34.95 CAD, the new coin also features a glass bead finish as its background.
Beginning July 16, the coin can be ordered directly at 1-800-267-1871 in Canada and 1-800-268-6468 in the U.S. or online.
Purchases also be available at participating Canada Post outlets.
To learn more about the Loonie's history, visit here.