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 Replies: 107 / Views: 12,755 |
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Valued Member
Canada
178 Posts |
As I'm sure many of you know, our government is releasing the next fiscal year's budget today. One of the measures in it is the elimination of the penny. Details are scarce at this point, but this snippet was found in a G&M article: "Perhaps the measure that will have the most visible and universal effect on Canadians is a plan to eliminate the penny. Starting this fall, the Royal Canadian Mint will no longer put pennies in circulation, saving the government $11-million a year and bringing Canada in line with countries such as New Zealand and Australia. (Consumers will be able to continue using pennies "indefinitely," but prices will be rounded to the nearest five-cent increment if pennies aren't available.)" Say goodbye to the penny. Fun coin to collect, but pretty useless for commerce in the 21st century. |
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Pillar of the Community
Canada
3690 Posts |
I guess the government decided that the penny no longer makes cents.
Nickel for your thoughts?
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Valued Member
Canada
464 Posts |
Confirmed. Page 217 of the 2012 budget plan indicates the government will stop distributing pennies as of Fall 2012.
Edited by gawd0wns
03/29/2012 4:46 pm
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Previously Ousted
Canada
398 Posts |
Bravo..... I have about 8KG of them here.
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Bedrock of the Community
United States
10045 Posts |
I only hope the US follows suit--it's a worthless denomination, unneeded for commerce.
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Pillar of the Community
United States
4132 Posts |
Here's an article. Maybe you can talk some cents into us Americans, maybe lob some snowballs across the border. (It's never worked before, don't know why I'd expect it to work now...) |
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Pillar of the Community
United States
1796 Posts |
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Pillar of the Community
Canada
834 Posts |
I hope so
I have about 2500 pounds waiting to be melted
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Pillar of the Community
United States
531 Posts |
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Valued Member
Canada
278 Posts |
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Pillar of the Community
United States
1002 Posts |
Quote:
Here's an article. Maybe you can talk some cents into us Americans, maybe lob some snowballs across the border.
(It's never worked before, don't know why I'd expect it to work now...) Start lobbing snowballs; trigger a war between the U.S. and Canada; and in a hundred years from now issue a special commemorative penny recognizing the War of 2012!  |
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Bedrock of the Community
Australia
21788 Posts |
Penny Guy: Actually, I collect Roman coins as well, and THEY were discontinued QUITE a long time ago!  |
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Valued Member
Canada
227 Posts |
You could see this coming...  but I was hoping they'd stop after they produced the 2020 penny. That way I'd have a centuries worth of small pennies.  |
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Valued Member
Canada
475 Posts |
HUH? stop making pennies ? How can you stop making something that never existed? You do mean Canada will stop making the CENT , right?
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Bedrock of the Community
Canada
10743 Posts |
Best news I ever heard.  Now, ours will be worth a fortune.   |
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Valued Member
Canada
58 Posts |
Good riddance! Glad I got a 2012 silver penny in my silver proof like set, go out with a bang!
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Replies: 107 / Views: 12,755 |
Posted 03/29/2012 4:46 pm
