-
Inventory:
18 In Stock
- Product ID: 43899
Checkout
The 1987 Canada 1 Dollar coin, commonly referred to as the "Loonie" and catalogued as KM#157 in Proof condition, holds a special place in Canadian numismatics and everyday commerce. This coin marked a significant transition in Canadian currency, replacing the traditional paper dollar with a durable coin that features a distinctive and beloved design. The introduction of the Loonie was not only a practical move to reduce the costs associated with paper bills but also a cultural shift, as it quickly became a national symbol due to its unique imagery and the common nickname derived from its design.
Designed by Canadian artist Robert-Ralph Carmichael, the reverse of the coin prominently features a solitary loon floating on a calm Canadian lake, with the lush wilderness in the background. This design has resonated deeply with Canadians, symbolizing the country’s rich natural heritage and the tranquility of its vast wilderness. The loon, a bird known for its haunting calls and presence across many Canadian lakes, was an apt choice for the dollar coin, encapsulating elements of Canadian identity and the natural environment. The obverse of the coin bears the effigy of Queen Elizabeth II, designed by Arnold Machin, signifying Canada’s ties to the Commonwealth and the monarchy.
The Royal Canadian Mint produced this coin in a Proof finish, which is characterized by its sharp, frosted designs and mirror-like background, achieving a level of detail and an aesthetic quality that makes it particularly appealing to collectors. Proof coins are struck multiple times using specially treated dies and polished planchets (blanks), which enhance their visual appeal and make them stand out as high-quality numismatic products. This coin, composed of nickel and bronze, was part of an effort to introduce more resilient materials into the Canadian currency system, ensuring both longevity and durability.
The packaging of the 1987 Loonie was meticulously designed to preserve the coin’s condition and enhance its display appeal. Typically, Proof coins like this are presented in protective capsules nestled within elegantly designed boxes, often accompanied by a certificate of authenticity. Such packaging not only safeguards the coin from physical damage but also serves as an attractive presentation format that appeals to collectors and can be proudly displayed or gifted.
With regard to mintage, the 1987 Loonie was produced in limited quantities as a Proof issue, targeting collectors and enthusiasts seeking to add a piece of Canadian history to their collections. The limited mintage strategy helps maintain the coin's value and exclusivity, making it a sought-after item in the numismatic community. Collectors particularly value these editions for their rarity and the pristine condition in which they are often kept.
Considering its condition, the 1987 Canada 1 Dollar Proof Loon coin is held to the highest standards of minting. Coins in Proof condition exhibit no signs of wear; they retain their original luster and detailed, raised designs, which are critical for collectors. The precise condition of these coins, combined with their iconic design and the historical context of their issuance, continues to drive their popularity and collectability years after their release.
In summary, the 1987 KM#157 Canada 1 Dollar Loon in Proof condition is not merely a unit of currency but a cherished piece of Canadian heritage. Its beautiful design, careful presentation, and the story behind its creation encapsulate a significant evolution in Canadian monetary policy and cultural identity. For collectors, owning this coin is akin to holding a piece of Canada’s natural and numismatic legacy, preserved in stunning detail and impeccable condition.