Loonies refer to the Canadian 1 dollar coin introduced by the Royal Canadian mint in 1987 as the Canadian dollar bill was taken out of circulation. The Loonie coined its name (no pun intended!) by the Loon bird portrayed on its reverse; as with all modern Canadian coins Queen Elizabeth II is portrayed on its obverse. The Loonie is unique as it is gold-coloured,
Though Canadian dollar coin was first struck in silver, then nickel (as of 1968), the modern day Loonie has become known as the symbol of the Canadian dollar coin
In 2014 the Royal Canadian Mint (RCM) introduced the Lucky Loonie as a commemorative piece for the 2014 Sochi Winter Olympics.