Twenty-years young - "The Loonie" celebrates a milestone



    OTTAWA, June 27 /CNW Telbec/ - What has 11 sides, is yellow-gold in
colour and is celebrating a birthday? Canada's beloved one-dollar coin,
affectionately known as "the Loonie", turns 20 on June 30th.
    It has been two decades since Canadians said goodbye to one-dollar
banknotes and welcomed the new coin in their pockets and change purses. At
that time, it was the most significant change to Canada's coinage system in
over 50 years.
    "In 1987, the Royal Canadian Mint was proud to be involved in such an
important event and over the years, the one-dollar coin has become a true
Canadian symbol," said Ian E. Bennett, President and CEO of the Royal Canadian
Mint.
    The Government of Canada first announced the introduction of the
one-dollar coin in March 1986, after several business and special interest
groups suggested significant savings and benefits could be realized.
    While the reverse of the one-dollar coin bears the design of a loon in
water by Ontario artist Robert-Ralph Carmichael, the coin has seen several
variances in the past few years, including:

    
    - The Remembrance design, featuring the National War Memorial in Ottawa
      in 1994
    - Special Lucky Loonie designs in 2004 and 2006, to cheer on our Olympic
      and Paralympic athletes
    - The commemoration of the 25th anniversary of Terry Fox's Marathon of
      Hope in 2005, which was the first time a Canadian-born individual was
      featured on a Canadian circulation coin
    

    Produced at the Mint's state-of-the-art facility in Winnipeg, over     
800 million one-dollar coins have been struck since first being launched into
circulation.

    About the Royal Canadian Mint

    The Royal Canadian Mint, an ISO 9001-2000 certified company, is the Crown
Corporation responsible for the minting and distribution of Canada's
circulation coins. In operation since 1908, the Royal Canadian Mint is
recognized as one of the largest and most versatile mints in the world,
offering a wide range of specialized, high quality coinage products and
related services on an international scale. For more information on the Royal
Canadian Mint, its products and services, visit www.mint.ca.


    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at http://photos.newswire.ca.
    Additional archived images are also available on the CNW Photo Archive
    website at http://photos.newswire.ca. Images are free to accredited
    members of the media/




For further information:

For further information: Pam Aung Thin, Interim Vice-President,
Marketing and Communications, (613) 993-5092, (613) 991-5342,
aungthin@mint.ca


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