The 11-sided coin was not originally called the loonie but the name caught on quickly due to the iconic decorative design by Robert Carmichael showcasing a single loon on one side.
It has been 30 years since its introduction by the Royal Canadian Mint and marked one of the most significant changes in Canadian currency history in half a century.
To mark this special occasion the mint has put out 10,000 collectable special edition sets cast in an almost 100% silver coin design.
Around the world the loonie is considered an innovation for its composition and integrated security features. It has been used as the basis for other countries coins.