The Loonie was introduced to currency circulation in Canada in 1987 replacing the dollar bill. The Loonie has become somewhat of a Canadian icon. Named for the Loon that appears on one side of the Loonie, the Canadian 1 Dollar coin consequently was named the Loonie. The Loonie Cork Coasters depict the Loonie very well. The Loonie Cork Coasters are practical, fun and very well made.