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 Replies: 17 / Views: 4,491 |
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Pillar of the Community
Canada
9864 Posts |
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
05/03/2016 8:04 pm
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Pillar of the Community
Russian Federation
5173 Posts |
Quote:Don't they realize the elimination of the quarter and introduction of a Twenty Cent coin must go hand in hand with the demise of the nickel? Not necessarily - they could just eliminate the dime together with the nickel, and round everything to the quarter. |
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Pillar of the Community
Canada
4227 Posts |
Quote:
Down the line, Desjardins says the 25-cent coin should be replaced by a 20-cent version, and Canada will only have three coins worth less than $1: the 10, the 20 and a 50-cent piece. So, they think the 50 cent piece would be produced for circulation? |
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Pillar of the Community
710 Posts |
This story pops up every couple of years.
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Pillar of the Community
Canada
2845 Posts |
Quote:
So, they think the 50 cent piece would be produced for circulation?
There must be a reason that a limited number of circulation 50c are still being produced each year, as opposed to being discontinued like the 1c. If Cdn inflation keeps marching forward at it's current pace, in the name of "economic growth", in the near future it's entirely possible that we may be left with the 50c, loonie and toonie. I don't think changing the 25c to a 20c will ever happen, the difference of 5c in buying power is already virtually nil. |
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Valued Member
Canada
393 Posts |
Entertaining thoughts of eliminating the nickel coin and $5 Banknote are just ridiculous and not in the best interest of Canadians in my opinion.
Both still have buying power and more importantly aren't regarded in the same way the lowly penny was.
I believe the nickel still costs less to produce and rounding up to the nearest dime would be problematic at best.
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Pillar of the Community
Canada
5240 Posts |
What a sloppy story! Who is this Desjardins they are referring to? The Credit Union? I would like to see that report.
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Moderator
 United States
188440 Posts |
I guarantee that Canada will implement a practical and logical solution to the nickel problem long before the US finally ditches the cent and/or one dollar note.  |
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Pillar of the Community
Canada
2632 Posts |
Strategic item pricing called 'rounding up' is no secret and happens all the time. Its barely noticeable by a customer and adds up real fast in a busy consumer environment. OrioleQuote:
I would like to see that report. https://www.desjardins.com/ressourc...462198635000 |
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Pillar of the Community
Canada
1051 Posts |
I'd be happy if they got rid of the 5c and the 10c. It takes 39 nickles to buy a large coffee at Tims, or nearly 20 dimes. I don't see a lot of purchasing power there. Digital transactions already make up the bulk anyway, meaning coin use is already in decline.
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Pillar of the Community
Canada
2360 Posts |
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Valued Member
Canada
393 Posts |
Quote:
Strategic item pricing called 'rounding up' is no secret and happens all the time. Yes, I get that and it's barely noticeable since we got rid of the 1 cent coin. Eliminating the nickel may be a bit more of a challenge. From what I was able to find through a few internet searches, cash amounts from 1-4 cents would be rounded down and 6-9 cents rounded up. The stickler is amounts ending in 5 cents which some sources suggest could go either direction. On the bright side, those meager Casino cash out slips would suddenly be worth much more. At less than half the weight, it sure beats going home with a pocket full of nickels.  |
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Pillar of the Community
Canada
955 Posts |
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No  no |
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Pillar of the Community
United States
2408 Posts |
Quote:
Down the line, Desjardins says the 25-cent coin should be replaced by a 20-cent version Either way, personally I rarely use cash anymore, let alone coins. |
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Pillar of the Community
Canada
2845 Posts |
Me either, it's freedom to not have to carry around a wallet full of change.
I'm a little surprised a numismatic community doesn't collectively look forward to banishment of the 5c to the same denominational never-land as the 1c. Because in my opinion it resulted in increased collector appeal. I can recall a time prior to the advent of online banking when I chucked pennies in the garbage, they were like some kind of nasty plague, everywhere, in couches, pockets, on top of dressers, in bowls, they just got dumped and thereafter mysteriously accumulated. It's ironic that those well circulated dingy brown things are now actually sought after by some. However I do admit to having a not bad collection of about 118 years of 1c but they're securely placed so they're unable to break free. The 5c, I hold much more admiration and respect toward but it's enviable that its time will also come as inflation marches onward at an average of 1% per year.
Edited by wildflowerAB
05/11/2016 12:43 am
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Pillar of the Community
710 Posts |
The "Euro" system of 10/20/50 frequently comes up with this topic. I think cash registers and vending machines are the biggest hurdles (juggling two sets to denominations during the transition), although that might become less of an issue with decreasing use of cash.
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Replies: 17 / Views: 4,491 |
Posted 05/03/2016 12:36 pm
