Voyageur dollar Voyageur dollar The Voyageur Dollar was a coin of Canada struck for circulation from 1935 through 1986. Until 1968, the coin was composed of 80% silver. A smaller, nickel version for general circulation was struck from 1968 through 1986. In 1987, the coin was replaced by the loonie. However, like all of Canada's discontinued coins, the voyageur dollar coins remain legal tender. In 1911, after lengthy debate, the first Canadian silver dollar was struck. Only two remain, one in a museum, the other in private hands, and recently auctioned for $1.4 million. In 1935, a commemorative silver dollar was struck
Dollar coin (United States) of most other developed countries, where denominations of similar value exist only in coin. These coins have largely succeeded because of a removal (or lack) of their corresponding paper issues, whereas the United States government has taken no action to remove the one-dollar bill. The United States Government Accountability Office (GAO) has stated that discontinuing the dollar bill in favor of the dollar coin would save the U.S. government approximately $5.5 billion over thirty years primarily through seigniorage. The Federal Reserve has refused to order the coin from the mint for distribution citing a lack of demand, according to ex-Mint