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[R.I.P.] Canadian penny, 1858-2013

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Lucky Beaver!
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I can't help but be a little centimental about this. :2razz:
I'd like others to add their 2 cents and give your thoughts on this. Also,do you think the US going to be doing the same in the near future?



Penny, Canadian — Passed away peacefully on Feb. 4, 2013, when the Royal Canadian Mint stopped distributing the copper-coloured coin.

The penny's demise had been anticipated since March 29, 2012, when federal Finance Minister James Flaherty announced in the budget that his government had decided to phase out the smallest denomination of Canada's currency.

The Canadian penny traces its origins to 1858, when the then-province of Canada adopted the decimal system for its currency. Initially, it was struck at the Royal Mint in Great Britain. The 1858 penny had Queen Victoria on the obverse (or "heads") side and a vine of maple leaves on the reverse (or "tails") side.

Dominion of Canada coins were first issued in 1870, but the penny, then made from bronze, didn't join the family until 1876.

Obituary: Canadian penny, 1858-2013 - Canada - CBC News
 
When I lived in Buffalo, I used to get canuckian coins in change all the time. Of course if you tried to pay with one...

Still couldn't convince the dancers at the ballet to accept loonies.
 
Bye, bye penny. We will miss you :( I'll miss having dozens of them in my pocket at any one time. That and how ugly they got once they oxidised. And the delightful maple leaves on the tails side of the coin.

Poor penny. Victim of inflation.

RIP
 
It's time to dump the penny, and the nickle as well. The dime is the new penny, and is worth less than a penny was worth a half century ago.

Get rid of the dollar bill as well, and issue dollar coins instead. It's time.
 
We should switch all our currency over to lasers.

Can you imagine how cool of a wallet that would be? Pew Pew!


Anyway, bye bye Penny.
 
When I lived in Buffalo, I used to get canuckian coins in change all the time. Of course if you tried to pay with one...

Still couldn't convince the dancers at the ballet to accept loonies.


Your money has usually been worth more, but ours was always much more pretty!

canadian_tire.jpg


Oh wait, wrong money. Here:

money.jpg
 
The greenback used to be worth more than the looie, then the loonie came to be worth more. Aren't they about equal now?

Barely a fraction of a cent difference last time I checked. Our dollars are almost exactly equal.
 
Yeah but working in customer service I can tell you they're a bit of a pain in the ass.

They have a tendency to stick together.

I work in customer service as well. And I can agree. They have no ****ing grip as well! Mofos are hard as hell to get out of a till!

But they're still pretty.
 
I work in customer service as well. And I can agree. They have no ****ing grip as well! Mofos are hard as hell to get out of a till!

But they're still pretty.

I love how the 100's smell like maple.
 
What are the canadian bills made of?

In Mexico we have a few plastic bills and they are all of different sizes. They also tear easily.
 
I work in customer service as well. And I can agree. They have no ****ing grip as well! Mofos are hard as hell to get out of a till!

But they're still pretty.

Doesn't the cocaine stop them sticking?

There was something the other day about the Bank of England withdrawing our penny too!
 
American money is kind of blah, but no I do not think we will be getting rid of the penny anytime soon. We may make if differently and of different materials, but Lincoln will be here awhile still.
 
I can't help but be a little centimental about this. :2razz:
I'd like others to add their 2 cents and give your thoughts on this. Also,do you think the US going to be doing the same in the near future?

It's the first shoe to drop in the move to the moneyless society. Today, only about 22% of all retail/consumer transactions in Canada are conducted using cash and that is dropping. Today it is the penny, soon it will be the nickel, etc. One of the federal political parties is proposing that Canada get rid of nickels and quarters leaving all transactions to be rounded to the nearest tenth. When money becomes more expensive to print/mint than it's face value, it's only a matter of time before it goes.

Question is, when will the US follow suit?
 
It's the first shoe to drop in the move to the moneyless society. Today, only about 22% of all retail/consumer transactions in Canada are conducted using cash and that is dropping. Today it is the penny, soon it will be the nickel, etc. One of the federal political parties is proposing that Canada get rid of nickels and quarters leaving all transactions to be rounded to the nearest tenth. When money becomes more expensive to print/mint than it's face value, it's only a matter of time before it goes.

Question is, when will the US follow suit?

I am surprised the move to get rid of the American penny is not part of a budget deal.

If it costs .05 or more to make a .01 cent coin, that is money not well spent.
 
I am surprised the move to get rid of the American penny is not part of a budget deal.

If it costs .05 or more to make a .01 cent coin, that is money not well spent.

I don't know what American mint costs are but the Canadian penny cost .016 to make a .01 face value coin.
 
It's the first shoe to drop in the move to the moneyless society. Today, only about 22% of all retail/consumer transactions in Canada are conducted using cash and that is dropping. Today it is the penny, soon it will be the nickel, etc. One of the federal political parties is proposing that Canada get rid of nickels and quarters leaving all transactions to be rounded to the nearest tenth. When money becomes more expensive to print/mint than it's face value, it's only a matter of time before it goes.

Question is, when will the US follow suit?

Good afternoon, CJ. What are they proposing to use in place of money?
 
Good afternoon, CJ. What are they proposing to use in place of money?

Hi Lady P - hope you're well - in Canada, most people have really taking a liking to bank debit cards and they're accepted everywhere - it's much safer than carrying cash around.

The only problem is when your bank has a burp and their system goes down and nobody can access their money!
 
I don't know what American mint costs are but the Canadian penny cost .016 to make a .01 face value coin.

I don't know what is costs to make a nickle, but I read somewhere that with the metal involved, it's worth seven cents. Of course it's against the law to melt them down, but still..... :)
 
I don't know what is costs to make a nickle, but I read somewhere that with the metal involved, it's worth seven cents. Of course it's against the law to melt them down, but still..... :)
Well... there goes "a penny for your thoughts".
Should have figured you would be on the only Canadian news story in a century John.
:O
Hello to you both, gotta run for now, see you later.
 
Well... there goes "a penny for your thoughts".
Should have figured you would be on the only Canadian news story in a century John.
:O
Hello to you both, gotta run for now, see you later.

Hi Foggie - nice to see you again - and just so you know, this isn't the ONLY Canadian story of the century - there's pipeline discussion here today too - it's almost all Canada all the time here!!
 
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