The 1973 $1 bill is green with a multicoloured tint.
It displays the Canadian Coat of Arms and a portrait of
Queen Elizabeth II
on the face side. A view of Parliament Hill across the Ottawa River is on the back.
A Red Ensign Flag is flying on the
Official First Day of Issue: June 3, 1974 Official Last Day of Issue: June 30, 1989
While the cost of producing one-dollar note is only six cents, versus sixteen cents for a coin, the average bank note lasts only
about one year before needing to be withdrawn and replaced with a new one. Coins have useful life of twenty years or more.
After over 110 years of service, the Canadian one-dollar note was no longer issued and was withdrawn from circulation. They were
replaced by a one-dollar coin that has become known as the
"loonie", as the silver one-dollar is still minted.
It's name is derived from the image of the Common Loon on the face; however, it also stems from the common feeling amongst Canadians
that the Government must be "loony" if they think we like having big coins in our pockets. Who says Canadians don't have a
sense of humour?
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