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 Replies: 107 / Views: 12,762 |
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Valued Member
Canada
457 Posts |
I think a lot of the cash transactions they cant keep track of are illegal, drugs , stolen property etc. I think a cashless system would work.... For about three seconds  and then the crooks would come up with a work around.  |
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Valued Member
Canada
457 Posts |
Oh and I don't think they " the crooks" use the penny anyway.  |
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Pillar of the Community
United States
745 Posts |
Hi I am Penny4Me near Detroit, MI USA.... I been collecting the Canada penny since I was a kid back in 1966. It was easy in past to find Canada pennies in my change since Windsor, ON is just across river, but in last 5 years finding Canada pennies in change has been hard to do.  >There are reports/post here on CCF that both 2012 Magnetic/steel AND Non-Mag/Zinc One cent coins are out there! I need two of each 2012 Magnetic/steel AND Non-Mag/Zinc One cent coins to finish up penny folders since this is last year.   Can someone here help me get these final 2012 Canada pennies?  Edited by Penny4Me
04/05/2012 10:03 pm
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Pillar of the Community
United States
2295 Posts |
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Where I work, all vending machines will be converted to cashless in the coming months. This alone will reduce our expenses, eliminate vandalism, and all the risk associated with handling of cash. That is awesome to hear. I hope it continues to spread. I haven't seen any in central NC at all. I would imagine it would cut down on money theft. Where are you located? |
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Valued Member
Canada
457 Posts |
I was just sitting here thinking........ We can keep using the USA penny If we buy them on the right day we can get a 100 of them for less then a loony. We save money and help our southern neighbors with their slow and eventual take over of Canada.  |
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Pillar of the Community
Canada
3692 Posts |
That vending machine idea doesn't make that much sense. Sure, it reduces crimes of opportunity, but increases organized crime. Haven't you heard of people stealing data from debit/credit card machines? It's quite popular don't you know.
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Pillar of the Community
United States
745 Posts |
Ya, Canada people may start coming over to USA to get your pennies to use for their business/stores,
This will force USA to stop penny here... Because US will be making cents at 1-1/2 ~ 2 cent each to feed Canada
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Pillar of the Community
United States
2408 Posts |
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That vending machine idea doesn't make that much sense. Sure, it reduces crimes of opportunity, but increases organized crime. Haven't you heard of people stealing data from debit/credit card machines? It's quite popular don't you know.
Doesn't make sense? Oh well. Speaking of organized crime, cash (and not debit card) is the perfect vehicle for all kinds of illicit activities, which we will not spell out for you on this forum. |
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Moderator
 Canada
10458 Posts |
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Rest in Peace
United States
9104 Posts |
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--biggfredd-- It seems you needed to get a few things of your chest!
6 posts! When I read, I start with the oldest unread post in a thread and catch up. I may be commenting on six pages of posts, including stuff that's been covered. Quote:
---One thing you said about Pepsi. I have seen 7 cent Coke machines in the 60's
True, but once they hit the forth lowest denomination, cents were out of the picture. The only multi-coin mech that I know of that accepts cents is USPS, and they don't give them in change, IIRC. |
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Rest in Peace
United States
9104 Posts |
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Starting in the fall, businesses will be asked to return pennies to financial institutions. The coins will be melted and the metal content recycled. That does seem strange. Make a coin until July, then ask for them back in August. I could see stop making them, stop handing them out, and let nature take its course. I predict that if the May- or Maynot- an calendar isn't correct, by January 2013, Canadian cents will be in collections, piled in dresser drawers and used by a few diehard businesses to promote that they're not rounding up. |
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Rest in Peace
United States
9104 Posts |
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And talk about rounding up. What happened to the nickel machines, where you get a gumball? Now they are a quarter and have been for many, many years and kids still use them. The wholesale price on those large (hollow) gumballs is 2-3¢. How do you think they pay for those fancy machines that put on a show and sell for $1000? You know those gum machines that say a portion of sales go to a named charity? Great racket. The charity gets a buck for the decal, and that's the end of their "portion". Quote:
Does this mean Canadians are going to come to the USA and start getting boxes of cents to use in Canada, if that is even possible to do? I know Canadian cents are used here, so I would think US cents were used in Canada? There might be a little bit of that, but it's illegal to export over $5 in cents, under the same law that makes it illegal to melt them. |
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New Member
United States
21 Posts |
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Does this mean Canadians are going to come to the USA and start getting boxes of cents to use in Canada, if that is even possible to do? I know Canadian cents are used here, so I would think US cents were used in Canada? Why would people go to that effort to save 1 or 2 cents on the 40% of their cash transactions that get rounded up? Edited by ibagli
04/08/2012 02:50 am
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Rest in Peace
United States
9104 Posts |
same reason they drive across town to save a quarter on a tank of gas. The ones screaming about rounding up give scenarios of Three Cents lost on a 87¢ item. The reality is you might have four $20+ transactions in a day, and pay (at worst) a dime more if you don't use a check or plastic. That's one eighth of 1%. |
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Pillar of the Community
Canada
3692 Posts |
@canadian_coins: Sure, cash is the most popular of vehicles to conduct illegal activities, but don't pretend that all others are immune. I know how to spell, thanks.
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Replies: 107 / Views: 12,762 |
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Posted 04/05/2012 4:29 pm
