Coins of the Canadian dollar 9 (common). In 1973, an RCMP quarter came out; it also has two varieties: a large bust (rare) and small bust (common). In 1987, the loonie was introduced, replacing the voyageur dollar with a new design, new colour, and smaller size. This coin also replaced the $1 bill, which was subsequently withdrawn from circulation by the Bank of Canada. In February 1996, the $2 coin, or toonie, was released; it currently has three varieties. (Early examples had problems with the centres being punched out in circulation.) The toonie replaced the $2 bill. To date there have been four different obverse
Loonie also, using steel provides cost savings and avoids fluctuations in price or supply of nickel. On April 10, 2012, the Royal Canadian Mint announced design changes to the loonie and toonie, which include new security features. Alongside the regular minting of the loonie with the standard image of the common loon on the coin's reverse, the Royal Canadian Mint has also released commemorative editions of the one-dollar coin for a variety of occasions. These coins have a circulation-grade finish and have been made available to the public in five-coin packs and in 25-coin rolls in addition to being released directly