When Canada introduced its 1-dollar coin in 1987 with the queen on front and a loon on back, it became known as the “loonie” for the loon on its back.
When it introduced the 2-dollar coin in 1996 with a picture of the queen on front and a bear on the back, Canadians tried hard to find a nickname. Toonie or twoonie won. Some of the failed suggestions included “doubloonie,” “doozie,” and, “moonie.” Moonie was suggested, because the coin depicts the queen with a bear behind.
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