All Forums > The Pit > The Pit > R.I.P. Canadian penny
2/6/2013 9:43 PM



...The estimated cost for making pennies in Canada was only 1.6 cents.Canada's decision to end the penny comes coupled with a plan to round prices up to "the nearest nickel for cash transactions."...
 
Bye-Bye.. I hardly knew ye.

2/6/2013 9:51 PM
some retailers are rounding down to the nearest nickel no matter what;  (e.g., $1.04 becomes $1)

some other retailers are rounding to the nearest (either up or down aka Swedish rounding);

and of course, plastic transactions stay at the exact amount.


(New Zealand has also eliminated its 5 cent coin, in addition to its penny)

in the language of the pit, "zzolao"
2/7/2013 6:33 AM
regina rhymes with vagina

unless i ain canuckian an don know how to pronunciate
2/7/2013 8:34 AM
The city that rhymes with fun!

Side note it costs more than 5 cents to produce a nickel as well. 
2/7/2013 9:50 AM
Do it here.  Get rid of the dollar bill as well.  Mint dollar coins and print more $2.  The stripper lobby would approve.
2/7/2013 1:52 PM
Posted by jclarkbaker on 2/7/2013 9:50:00 AM (view original):
Do it here.  Get rid of the dollar bill as well.  Mint dollar coins and print more $2.  The stripper lobby would approve.
until they get pelted with dollar coins
2/7/2013 2:00 PM
Well, those are the ones that shouldn't be up there, right?
2/7/2013 4:20 PM
You may have a point.
2/7/2013 6:58 PM
Posted by sjstapleton on 2/7/2013 1:52:00 PM (view original):
Posted by jclarkbaker on 2/7/2013 9:50:00 AM (view original):
Do it here.  Get rid of the dollar bill as well.  Mint dollar coins and print more $2.  The stripper lobby would approve.
until they get pelted with dollar coins
Making it hail.
2/7/2013 9:29 PM
It was so nice of Canada to nickname their two dollar coin after swamp. 
2/8/2013 9:01 AM
Posted by homrbush on 2/7/2013 6:58:00 PM (view original):
Posted by sjstapleton on 2/7/2013 1:52:00 PM (view original):
Posted by jclarkbaker on 2/7/2013 9:50:00 AM (view original):
Do it here.  Get rid of the dollar bill as well.  Mint dollar coins and print more $2.  The stripper lobby would approve.
until they get pelted with dollar coins
Making it hail.
HA!
2/8/2013 9:16 AM
Posted by occsid on 2/7/2013 9:29:00 PM (view original):
It was so nice of Canada to nickname their two dollar coin after swamp. 
2/8/2013 10:03 AM
Isn't greeny a canuck?  Greeny, what are your thoughts?
2/8/2013 11:52 AM
Posted by seamar_116 on 2/8/2013 9:16:00 AM (view original):
Posted by occsid on 2/7/2013 9:29:00 PM (view original):
It was so nice of Canada to nickname their two dollar coin after swamp. 
I think you may be referring to the one dollar coin ( Loonie).
The two dollar coin is known as the "toonie or twonie"

No pennies is a good thing
2/8/2013 11:59 AM
HOW WAS COPPER WIRE INVENTED?











2 J***s FIGHTING OVER A PENNY
of 2
All Forums > The Pit > The Pit > R.I.P. Canadian penny

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