The 1987 Canadian dollar coin, also known as the Loonie, was the first year of issue for this denomination . Its value can vary depending on its condition and whether it is a regular circulation coin or a special proof version.
- Circulated 1987 Loonies: These coins are generally worth their face value of one dollar. You can find them listed for slightly more than face value on marketplaces.
- Uncirculated 1987 Loonies: These coins, especially those in high grades (MS64 and above), can be worth more. You can find uncirculated coins, [like this one on Etsy,] for around $15.15 USD.
- 1987 Canada Common Loon/First Year of Issue Proof Dollar Coin: These coins are worth more than regular circulation coins. You can find listings for this type of coin around $13.62 USD.
- 1987 Canada 400th Anniversary John Davis Proof Silver Dollar Coin: This is a separate, commemorative coin made of silver. It features a different design (a caribou) and was part of the Royal Canadian Mint’s 7 Coin Set. These coins tend to be more valuable, [with examples on Etsy for around $30.00 USD].
- 1987 Canadian Proof Silver Dollar Coin: You can find these for around $20.99.
- Condition: The better the condition of the coin, the more valuable it will be. Uncirculated coins with high grades will fetch the highest prices.
- Rarity: While 1987 Loonies were produced in large numbers (205,405,000 mintage), some variations, like the silver proof versions, are significantly rarer.
- Certifications: Professionally graded and certified coins can command higher prices. You can find listings for certified coins on eBay.
Note: Prices for collectible coins are subject to fluctuation and depend on factors like market demand, seller, and buyer interest. The prices listed above are examples found on various marketplaces and should be considered as a general guide.
Is the 1987 Loonie rare?
This 1987 Canadian 1 Dollar Loonie is a very scarce and sought-after coin, in optimum quality and exact condition. It is made of bronze plated nickel and has been circulated, adding to its unique character. The obverse features the iconic Common Loon River design, while the reverse showcases the Canadian Coat of Arms.
What is a 1987 Canadian dollar made of?
Great question! This is a rare Canada 1 Dollar Coin from 1987 featuring Queen Elizabeth II. The coin is made of bronze and has been circulated.