The Royal Canadian Mint have issued a special collector’s version of their circulating dollar coin, affectionately known as the “Loonie” due to the loon duck which is depicted on the reverse. The 11-sided golden colored coin with a diameter fitting in between the 50 and 25 cent coins was released into general circulation in 1987 as an alternative to the banknote denomination of the same value. The note was withdrawn in 1989 after the coin’s overall use, which left the two dollar denomination as the smallest banknote to circulate in Canada.
To celebrate this numismatic milestone, the collector’s version of the loonie is struck with a sterling silver-plate finish and specially marked with “SP/PA” just under the portrait of the Queen to denote the addition of the silver coating. The obverse of the coin depicts the current portrait of HM Queen Elizabeth II, which is the work of artist Susanna Blunt and in use since 2003. The reverse, designed by artist Ralph-Robert Carmichael shows the loon, native to the wetlands of many areas in Canada along with the commemorative year depiction of “1987 – 2012” and the text “CANADA” above the design and “DOLLAR” below.
The coin is struck in silver plated bronze-plated steel with a weight of 7 grams and a diameter of 26.5 mm. Struck to an FDC or uncirculated quality, the coin is packaged in a presentation folder with text in both English and French.
For more information on this and other coins offered by the Royal Canadian Mint, please visit their website at: http://www.mint.ca/store/coin/silverplated-25th-anniversary-of-the-loonie-coin-19872012-prod1210001?pCatId=cat410002#pr-header-116542en