- April 19
- The Charlton Press releases The Charlton Standard Catalogue of Canadian Coins, 39th edition. Price is $4. [715.8]
- April 22
- In New York, Christie's holds an auction of part of the Norweb collection. A 1921 50-cent coin in EF grade sells for $17,600. A 1911-12 8-coin Specimen set in case sells for $33,000. [713.C9] [715.1] [1049.36] [1163.36]
- (month unknown)
- Unitrade Press releases the book Coins of Canada, 6th edition, by J.A. Haxby and R.C. Willey. Price is $4.95. [714.B2]
- The Royal Canadian Mint releases the book Striking Impressions, by James A. Haxby, for $25. [715.8]
- May 2
- The CTV television network show Canada A.M. features an interview with Michael Regozinsky of Empire Industries regarding the recent purchase of the 1911 silver dollar pattern. [716.1]
- May
- The Master of the Royal Canadian Mint announces the new dollar coin would have a coat-of-arms design on the reverse. [49.9]
- June 14
- The House of Commons Standing Committee on Miscellaneous Estimates recommends that the government issue a new circulating dollar coin, and withdraw the one dollar bank note. The new coin should be 11-sided, 26.5-mm diameter, weigh 7-grams, and be yellow-gold in color. The one dollar note should be withdrawn over a three-year period. [213.1] [219.A5] [718.1] [785.25]
- (month unknown)
- The Royal Canadian Mint begins a second mintage of 1-cent coins, using a hub with a new style (pointed) "5" in the date. [410.28]
1986
- March
- At the Spink Coin Auctions' 50th sale, a 1916 Ottawa Mint sovereign sells for 10,000 British pounds sterling. [725.16]
- March 25
- The Supply and Services Minister announces that a bronze-plated nickel $1 coin will be introduced into circulation in 1987, gradually replacing the $1 bill. The 11-sided coin will use the same reverse design (voyageur in canoe) as the current nickel dollar. [67.213] [272.A5] [273.C8] [725.1]
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- April 11
- At the Bowers and Merena auction in New York City, a 1921 50c coin in MS-60 to MS-63 condition sells for US$22,000 (CDN$30,000). [16.B1]
- May
- In Luxembourg, the Royal Canadian Mint presents each distributor of mint products a set of two $1 coin test tokens with a regular 1985 nickel $1 coin. [134.1]
- June
- In Parliament, Bill C-118 passes, giving the Royal Canadian Mint the authority to produce a new circulating $1 coin. [785.25]
- July 22
- In Toronto, Ontario, Auction Canada '86 is held. A 1921 5-cent coin in BU-63+ condition sells for $19,500. This is one of the three finest known business strikes. A 1938 specimen set sells for $13,000. [725.1] [728.1]
- August 27
- The Royal Canadian Mint announces the appointment of a new Master of the Mint, Maurice Lafontaine. [730.1] [1019.60]
- (month unknown)
- Proof Positive Coins arranges the sale of an 1871 50-cent coin in MS-67 condition for $25,500, and a 1902-H specimen set (5c, 10c, 25c) in MS-67 for $11,500, and a 1929 Specimen set (1c through 50c) in Gem condition for $16,500. [731.9]
- October 25
- At a coin show in Quebec, a 1921 50-cent coin in G-VG condition sells for $9,000. [733.1]
- (month unknown)
- The Royal Canadian Mint makes six test strikes of the new $1 coin with the voyageur design. [737.3]
- November 3
- Master dies for the new dollar coin, featuring the voyageur and canoe reverse, are picked up from the Royal Canadian Mint in Ottawa, by Mouland Express Incorporated, a courier company. [49.9] [220.A2] [229.A19] [333.A1] [736.1] (December [260.5])
- November 5
- Ace Courier Services assures Royal Canadian Mint authorities in Winnipeg that the master die packages are en route to Winnipeg. [220.A2]
- November 6
- Ace Courier Services informs Royal Canadian Mint authorities that the delivery of the master die packages has been delayed due to a severe snow storm. [220.A2] [333.A1]
- November
- The branch plant minting facility in Hull, Quebec, is permanently closed. [733.13]
- November 12
- Ace Courier Services reports that it cannot locate the packages containing the dollar coin master dies. [220.A2]
- November 14
- The Royal Canadian Mint informs the RCMP of the missing dollar coin dies. The RCMP begins an investigation into their disappearance. [221.A4] [229.A19] [333.A1]
- November 17
- The Royal Canadian Mint announces that the new circulating $1 coin would not be available until next July, rather than January as planned, due to delays in the approving and tendering process for new coin blanks. As a result, the current nickel $1 coin would still be produced in 1987. [734.15]
- November 18
- The Royal Canadian Mint officially reopens its newly renovated head office and plant on Sussex Drive in Ottawa. [68] [334.123] [733.1]
- November 21
- The Royal Canadian Mint informs the minister responsible for the mint, Monique Vezina, about the loss of the new dollar coin dies. [333.A1]
- November 27
- An Order in Council authorizes the minting of a bronze-plated nickel dollar coin in 1987. [91.459] [1033.28] [1151.104]
- November 30
- The RCMP calls off the search for the missing dollar coin dies, concluding that the packages arrived in Winnipeg, then were misplaced by the courier company. [229.A19] (late December [736.1])
- December
- The Royal Canadian Mint begins selecting a replacement design for the dollar coin reverse, due to the loss of the master dies with the voyageur/canoe design. [220.A2]
- December 22
- A Royal proclamation, effective January 1, 1987, sets the design of a 1987 nickel dollar, and new bronze-plated nickel dollar. The new dollar coin has a 26.5mm diameter, weighs 108 grains, and is eleven sided. The design of the two nickel dollars is to be the same voyageur/canoe image used on previous nickel dollars. [90.325]
- December 24
- Numismatics magazine calls Robert-Ralph Carmichael, to inform him that his loon design will be used for the new $1 coin. Carmichael had submitted the design in 1976 for a coin contest. [260.5]
1987
- January 8
- The federal government authorizes a new design for the circulating $1 coin, for introduction in July. [736.1]
- Royal Canadian Mint officials report that master dies for the new $1 coin were lost or stolen while being shipped by courier from Ottawa to Winnipeg. The new design is announced as one that features a loon, designed by Ralph-Robert Carmichael. [66.14] [260.5] [261.44] [914.309] (Michael Carmichael [221.A4]) (Robert Carmichael [333.A1])
- January 28
- A Royal proclamation changes the reverse design of the new dollar coin to a common loon resting on a lake. [91.459] [785.25]
- March
- The Royal Canadian Mint confirms that the nickel voyageur dollar coin will not be issued for circulation in 1987. [737.6]
- April 30
- British High Commissioner to Canada Derek Day presents a test striking of a 1911 "Dei Gratia" 1-cent coin to Deputy Governor of the Bank of Canada John Crow for display on long term loan from the British Royal Mint. Two of such patterns were struck in 1911. [738.1] [739.2]
- May 7
- At the Royal Canadian Mint's Winnipeg facility, a ceremony is held for the first-striking of the new circulating $1 coin. Minister of Supply and Services Monique Vezina strikes the first coin. [152.19] [739.1] [785.25]
- June 23
- Several hundred new dollar coins are released early, in Calgary, Alberta, due to a miscommunication. [224.A3]
- June 30
- Canada's new $1 coin, dubbed the "Loonie" or "Looney", is officially launched. [49.9] [69.2] [139.4] [169.880] [223.A1] [224.A3] [225.B4] [230.7] [261.44] [785.25]
- December 17
- The Royal Canadian Mint Act and Currency Act (Bill C-46) receive royal assent. This gives the Mint the ability to retain earnings and float debt, with the approval of the Minster of Finance. [66.411] [254.56] [257]
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