Loonie into circulation. In 1997, 2002, and each year since 2004, the Royal Canadian Mint has issued a one-dollar coin that depicts a different and unique image of a bird on the coin's reverse. These special loonies have limited mintages and are available only in the six-coin specimen sets. Footnotes Bibliography Loonie The loonie (), formally the Canadian one-dollar coin, is a gold-coloured coin that was introduced in 1987 and is produced by the Royal Canadian Mint at its facility in Winnipeg. The most prevalent versions of the coin show a common loon, a bird found throughout Canada, on the reverse
Trillion dollar coin announced they would not mint a platinum coin, and five days later, Senate Minority Whip John Cornyn (R-Texas) announced that Senate Republicans would end their threat to block an increase in the debt ceiling. The Federal Reserve's purchase of the trillion dollar coin would be largely analogous to the securities purchases that are part of quantitative easing (QE), in both cases adding to the monetary base, which is the sum of currency in circulation and bank reserves. In the case of the coin, commercial bank reserves would increase as the Treasury spent the proceeds from the coin's purchase by the