The end of the common cent

If it doesn't fit anywhere else, it fits here
snoqueen
Forum God/Goddess
Posts: 12960
Joined: Fri Feb 14, 2003 11:42 pm

The end of the common cent

Postby snoqueen » Thu Mar 29, 2012 9:00 pm

Canada's going to quit minting pennies. Once the current supply runs out, people will just have to round up or down. It costs 1.6 cents to make one penny and they figure it's not worth it.

What a sensible country....

(Here's the link, but it's paywall so don't click if you don't want it to count against you:)
http://www.nytimes.com/aponline/2012/03 ... ml?_r=1&hp

rabble
Forum God/Goddess
Posts: 7892
Joined: Tue Jun 10, 2008 7:50 pm

Re: The end of the common cent

Postby rabble » Thu Mar 29, 2012 9:49 pm

Seems like I remember somebody on the TV saying in passing that it costs more to make a penny and a nickel than they're worth.

I can see us getting rid of pennies but I still go chasing after a nickel when I drop one. Most of the time.


Return to “Catch All”

Who is online

Users browsing this forum: No registered users and 4 guests