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
Parliament Buildings.
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about one year before needing to be withdrawn and replaced with a new one.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After over 110 years of service, the Canadian one-dollar note was no longer issued and was withdrawn from circulation.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?
Copyright 1998 - 2007 The entire contents of this
website are copyright, including all images. Permission is granted to
non-profit organizations on the condition that such copies are not sold or
otherwise used for profit. Unless specifically stated otherwise, images of
banknotes are copyright by the Bank of Canada and are used here with
permission.
