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Sheriff Roland:
Last day of the Canadian penny
Penthesilea:
--- Quote from: Sheriff Roland on February 04, 2013, 03:30:23 am ---Last day of the Canadian penny[/center]
--- End quote ---
Huh? ???
CellarDweller:
--- Quote from: Penthesilea on February 04, 2013, 12:39:41 pm ---Huh? ???
--- End quote ---
I thought the same thing.
Is Canada doing away with their penny?
southendmd:
Sounds like a smart idea to me. Probably costs more to mint them than they're worth.
Just round up/down.
We should do the same thing here in the US. As it is, people treat pennies as if they're worthless--throw them out, leave them at the counter, etc.
Sheriff Roland:
--- Quote from: southendmd on February 04, 2013, 01:29:05 pm ---Sounds like a smart idea to me. Probably costs more to mint them than they're worth.
Just round up/down.
We should do the same thing here in the US. As it is, people treat pennies as if they're worthless--throw them out, leave them at the counter, etc.
--- End quote ---
You got it right Paul. They say it costs 1.6 cents to produce each penny.
They've postponed this day a couple a times already, but today was the last day for distribution of the coin to banks, and merchants are to round up and down for cash purchases as you said. The credit card purchases will still be to the penny as will the debit card charges.
They're already talking of (someday) getting rid of the nickle (5 cent coin).
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