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It was then replaced with the 1987 Canadian 1-dollar coin (colloquially known as the "loonie"). 1967 marked the end of the silver dollar as a business strike, or a coin issued for circulation. After 1967, the dollar coin was made of nickel, except for non-circulating commemorative issues for the collector market, which continue to contain silver.
The first numismatic coin from the RCM was arguably the 1935 dollar commemorating the Silver Jubilee of King George V. Though intended for circulation, it was the first Canadian coin commemorating an event. The decision to issue this coin was made in October 1934 by Prime Minister R. B. Bennett. [2]
E pluribus unum included in the Great Seal of the United States, being one of the nation's mottos at the time of the seal's creation. E pluribus unum (/ iː ˈ p l ɜːr ɪ b ə s ˈ uː n ə m / ee PLUR-ib-əs OO-nəm, Classical Latin: [eː ˈpluːrɪbʊs ˈuːnʊ̃], Latin pronunciation: [e ˈpluribus ˈunum]) – Latin for "Out of many, one" [1] [2] (also translated as "One out of many" [3 ...
The obverse of all Canadian coins feature the reigning monarch, currently His Majesty King Charles III. [1] The effigies of the monarchs on the coins originally were provided by the Royal Mint in London, leading to similarity between Canadian coins and coins of other Commonwealth nations. Since 1990, however, the effigy has been prepared by ...
The value of the dollar continued to be set by reference to the British sovereign and the American eagle, at the rate of 4.8666 Canadian dollars equal to £1, and ten Canadian dollars equal to the ten-dollar American eagle, the same rates as set in the 1853 Province of Canada legislation. [54] [56]
The $1 coin (the "loonie") was released in 1987. The $1 banknote remained in issue and in circulation alongside the one-dollar coin for the next two years, until it was withdrawn in 1989. The coin was to be the voyageur-design silver (then nickel) dollar coins that had previously been in limited circulation. The dies were lost or stolen in ...
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