Loonie with a Robert-Ralph Carmichael design of a common loon floating in water. The coin was immediately nicknamed the "loonie" across English Canada, and became known as a "huard", French for "loon", in Quebec. The loonie entered circulation on June 30, 1987, as 40 million coins were introduced into major cities across the country. Over 800 million loonies had been struck by the coin's 20th anniversary. Two years after the loonie's introduction, the Bank of Canada ceased production of the dollar banknote. The final dollar bills were printed on June 30, 1989. Initial support for the coin was mixed, but withdrawing
Trade dollar (United States coin) Reserve banks and national banking associations), regardless of when coined or issued, shall be legal tender for all debts, public and private, public charges, taxes, duties and dues." However, the numismatic and bullion value of any trade dollar far exceeds its face value of one dollar. Because of its demand by collectors a large number of counterfeits exist made with base metal, and buyers should exercise caution when purchasing specimens. Trade dollar (United States coin) The United States trade dollar was a dollar coin minted by the United States Mint to compete with other large silver trade coins that were