Preliminary identification
Photo reference
1 uploaded photo
Overview
These are two examples of the inaugural 1987 Canadian one-dollar coin, famously known as the 'Loonie' due to the Robert-Ralph Carmichael design of a common loon floating on water. These eleven-sided (hendecagonal) coins replaced the green one-dollar paper bills, marking a massive shift in Canadian currency history.
Story
In 1986, the master dies for a new canoe-themed coin vanished during shipment. To prevent counterfeiting, the Mint swapped the design to a loon at the last minute. This accidental icon changed Canadian pockets forever.
Maker / Origin
The Royal Canadian Mint is world-renowned for its technical innovation, being the first to produce 99.99% pure gold bullion. The loon design was created by Robert-Ralph Carmichael, an artist whose small 'RRC' initials can be found just below the loon's beak on the reverse side.
Condition & Value
Both coins show heavy circulation wear, surface scratches, and significant green oxidation (verdigris) on the edges. This heavy wear keeps them in the 'cull' or 'spending' category rather than collector grade. Condition limits value to near face value. Circulated 1987 Loonies generally trade at face value or a small premium.
Full Research
Sold comps, value drivers, and venue guidance pulled from recent auction results.
Build on this identification
Layer in sold comps, value drivers, and venue guidance.
Comparable demand stays strongest where maker, originality, and venue confidence line up. Broader examples still trade, but the range tightens quickly when provenance, condition, or selling lane fit is missing.
Best Venue
Specialty auction or a focused dealer with buyers already in this lane.
Signed example with light edge wear and original frame.
Comparable format with stronger provenance and cleaner surface.
Smaller related piece with visible craquelure and trimmed margins.
Period match with softer condition and weaker subject matter.
Close market lane comp with similar material and presentation.