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Thread: Canada eliminates penny, will collect & melt down, will round to nearest 5 cents

  1. #1

    Default Canada eliminates penny, will collect & melt down, will round to nearest 5 cents

    "Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear.” -Ron Paul

    “To avoid criticism say nothing, do nothing, be nothing.” ― Aristotle



  • #2

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    The nickel will be next.
    "I shall bring justice to Westeros. Every man shall reap what he has sown, from the highest lord to the lowest gutter rat. They have made my kingdom bleed, and I do not forget that."

    -Stannis Baratheon

  • #3

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    Nickel candy just doesn't sound right. Or nickel ante. Or "a nickel for your thoughts." Or, "you clean up like a new nickel." Or Nickel Lane.
    "Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."
    —Charles Mackay

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    This was announced last year. Canadian pennies have been steel for about 10 years already, which cost a fraction of a cent to mint.

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    I wouldn't mind if they did that here. After all, it costs what, 1.7 cents to mint a cent?

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    Canadian pennies were made of copper to 1996 .

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    Quote Originally Posted by kcchiefs6465 View Post
    I wouldn't mind if they did that here. After all, it costs what, 1.7 cents to mint a cent?
    because of inflation. As Ron says, they can't even keep a zinc standard.

    Their bills all try to slip in that the Fed would have control in the future to change the metals of coins whenever they want.
    "Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear.” -Ron Paul

    “To avoid criticism say nothing, do nothing, be nothing.” ― Aristotle

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    In the US , to 1981 .

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    Canada also used silver a few years longer than the US.
    Last edited by oyarde; 02-06-2013 at 10:55 AM.

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    Quote Originally Posted by kcchiefs6465 View Post
    I wouldn't mind if they did that here. After all, it costs what, 1.7 cents to mint a cent?
    Last I looked , about two cents for a penny and around 11 cents for a nickel.

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