Thought this was interesting and that some of you would think so too. Kind of scary.
http://m.yahoo.com/w/news_america/blogs/sideshow/canada-says-going-pull-penny-circulation-221558392.html?orig_host_hdr=news.yahoo.com&.intl= us&.lang=en-us
Say good bye to the Canadian penny
Thought this was interesting and that some of you would think so too. Kind of scary.
http://m.yahoo.com/w/news_america/blogs/sideshow/canada-says-going-pull-penny-circulation-221558392.html?orig_host_hdr=news.yahoo.com&.intl= us&.lang=en-us
There is still copper in circulation, but not for much longer I'm guessing...
Ron Paul: He irritates more idiots in fewer words than any American politician ever.
NO MORE LIARS! Ron Paul 2012
I love how people make it a big deal about how it's some lost money or lost convenience. The question is, why do people and businesses still use it?
Now they will round up to the nearest nickel. What would have been say eight cents would be a dime. Multiply that by millions of transactions.
They are also changing all of their "paper" (if it is like the US- linen actually) notes into plastic polymer notes as well.
Another link:
http://www.nytimes.com/2012/03/30/bu...e-is-over.html
Last edited by Zippyjuan; 03-29-2012 at 09:07 PM.
Freedom is a state of mind. Nobody can take that from you unless you let them.
Use it or lose it. They've been wanting to go electronic currency for a long time. When that happens, kiss any vestige of privacy bye bye.
"We do have some differences and our approaches will be different, but that makes him his own person. I mean why should he [Rand] be a clone and do everything and think just exactly as I have. I think it's an opportunity to be independent minded. We are about 99% the same on issues." "People Try To Drive Wedges Between Rand And Me." --Ron Paul
http://www.youtube.com/watch?&v=pB5JgzBVHN0
Good riddance to the penny. I'm saving em' just to show off though.
I'm Canadian, so I'm aware about the plastic thing, but don't see why it's a bad decision. Isn't plastic money more durable too? And cleaner to produce?
eh there,
I just made some Canadian election 2011 charts here: Post #81
http://www.ronpaulforums.com/showthr...iling-up/page9
Canadian pennies will still be in circulation here though
"We are like butterflies who flutter for a day and think it's forever."
-Carl Sagan
Sometimes I get American pennies from vending machines o.o
Ive held the new polymer money when i got $100s from the bank (and then put them on groceries, so precious little time with the pretty new bills) and the 50s are out now too..... but I have since heard that they are not as durable as first portrayed a couple years ago when the news broke. I clearly recall the newsies saying that you can even wash them and they won't get wrecked. a good thing for those who dont check pockets when doing laundry, right? well --- ive since heard many stories about how the bills do not survive the DRYER. oopsy. I cannot test this myself yet because i am not putting a 100 or 50 dollar bill in the dryer lol. I will wait patiently for the 5s to finally come out in a year or so, then test the theory on my ownSo i cannot answer the durability Q fully for awhile yet
As for the penny, apparently it costs more to produce now than it's worth. So while it's prob good to get rid of it - we have to wonder what that means about our money. Weve been doing great against the US dollar for a long time (shopping on Ebay is fun for me right now), but that's where the fun ends. The Canadian dollar doing well against a failing US dollar is nothing to crow about!
As for the copper part, we have been collecting the old pennies for a long time, the ones that actually have copper in them,1996 and older, and the last time I checked, $2 of our old pennies is worth over $4 for the copper if we were to sell them all right now. It's more of a fun thing for us (we are saving 1967 and older silver coins as well) but hey - we might really need that cash one day!
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