- Joined
- Jul 15, 2005
- Messages
- 28,134
- Reaction score
- 15,023
- Location
- Canada's Capital
- Gender
- Female
- Political Leaning
- Progressive
Penny, Canadian — Passed away peacefully on Feb. 4, 2013, when the Royal Canadian Mint stopped distributing the copper-coloured coin.
The penny's demise had been anticipated since March 29, 2012, when federal Finance Minister James Flaherty announced in the budget that his government had decided to phase out the smallest denomination of Canada's currency.
The Canadian penny traces its origins to 1858, when the then-province of Canada adopted the decimal system for its currency. Initially, it was struck at the Royal Mint in Great Britain. The 1858 penny had Queen Victoria on the obverse (or "heads") side and a vine of maple leaves on the reverse (or "tails") side.
Dominion of Canada coins were first issued in 1870, but the penny, then made from bronze, didn't join the family until 1876.
Your money has usually been worth more, but ours was always much more pretty!
View attachment 67141922
Oh wait, wrong money. Here:
View attachment 67141923
Your money has usually been worth more, but ours was always much more pretty!
View attachment 67141922
Oh wait, wrong money. Here:
View attachment 67141923
The greenback used to be worth more than the looie, then the loonie came to be worth more. Aren't they about equal now?
New bills are even prettier.
Yeah but working in customer service I can tell you they're a bit of a pain in the ass.
They have a tendency to stick together.
I work in customer service as well. And I can agree. They have no ****ing grip as well! Mofos are hard as hell to get out of a till!
But they're still pretty.
I work in customer service as well. And I can agree. They have no ****ing grip as well! Mofos are hard as hell to get out of a till!
But they're still pretty.
I can't help but be a little centimental about this. :2razz:
I'd like others to add their 2 cents and give your thoughts on this. Also,do you think the US going to be doing the same in the near future?
It's the first shoe to drop in the move to the moneyless society. Today, only about 22% of all retail/consumer transactions in Canada are conducted using cash and that is dropping. Today it is the penny, soon it will be the nickel, etc. One of the federal political parties is proposing that Canada get rid of nickels and quarters leaving all transactions to be rounded to the nearest tenth. When money becomes more expensive to print/mint than it's face value, it's only a matter of time before it goes.
Question is, when will the US follow suit?
What are the canadian bills made of?
In Mexico we have a few plastic bills and they are all of different sizes. They also tear easily.
I am surprised the move to get rid of the American penny is not part of a budget deal.
If it costs .05 or more to make a .01 cent coin, that is money not well spent.
It's the first shoe to drop in the move to the moneyless society. Today, only about 22% of all retail/consumer transactions in Canada are conducted using cash and that is dropping. Today it is the penny, soon it will be the nickel, etc. One of the federal political parties is proposing that Canada get rid of nickels and quarters leaving all transactions to be rounded to the nearest tenth. When money becomes more expensive to print/mint than it's face value, it's only a matter of time before it goes.
Question is, when will the US follow suit?
Good afternoon, CJ. What are they proposing to use in place of money?
I don't know what American mint costs are but the Canadian penny cost .016 to make a .01 face value coin.
Well... there goes "a penny for your thoughts".I don't know what is costs to make a nickle, but I read somewhere that with the metal involved, it's worth seven cents. Of course it's against the law to melt them down, but still.....
Well... there goes "a penny for your thoughts".
Should have figured you would be on the only Canadian news story in a century John.
:O
Hello to you both, gotta run for now, see you later.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?