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385 Comments
- izzie2, on 10/10/2007, -7/+136Well since my opinion isn't worth a nickle what would I do if I want to put my 2 cents in?
- busch30pack, on 10/10/2007, -7/+135I need the pennies. I can't afford to put nickels on the railroad tracks.
- pintomp3, on 10/10/2007, -3/+100we would round it down, thus making your opinion worthless.
- geekchic, on 10/10/2007, -3/+92"Canada has been told"
Who "told" Canada to do that? - RuffRidr, on 10/10/2007, -5/+56We need to get rid of the penny. The metal used to make a penny actually costs more than a penny now. When that's the case, its time for them to go.
- fkr3, on 10/10/2007, -4/+53I'm Australian and we ditched the penny (and two cent coin) years ago. I lived in Canada and didn't find much use for pennies, and I've spent a bit of time in the US and again didn't find a whole lot of use for pennies.
- inactive, on 10/10/2007, -6/+53Actually Canadian currency is pretty close to parity with the US now. And that should scare the hell out of the US.
- thesauce, on 10/10/2007, -2/+37I did.
-Zeus - DangerMouse9, on 10/10/2007, -0/+29Freedom from Celine Dion.
- Dhalgren, on 10/10/2007, -1/+26Yeah, get rid of the Canadian penny so that I stop getting it as change in the US...
- yargthepirate, on 10/10/2007, -1/+21Yes.
- sgtbutterscotch, on 10/10/2007, -1/+21ohhh, now it makes cents
- inactive, on 10/10/2007, -0/+19At last count it costs the Mint 1.23 cents to produce a penny. Even a nickel costs more to produce than its face value: 5.73 cents.
http://www.usatoday.com/money/2006-05-09-penny-usat_x.htm - XopherY, on 10/10/2007, -0/+18Um, Lincoln's birthplace was Kentucky, not Nebraska. (And his home state was Illinois.)
Plus, Lincoln is on the $5 bill, which is a good counter-argument to the "save Lincoln" thing. - inactive, on 10/10/2007, -0/+16You can't just keep all your change in a jar or something, and take it to the bank when you get a lot of it?
- eemerh, on 10/10/2007, -0/+15the only reason people carry pennies is to prevent getting any back.
Useless indeed. - inactive, on 10/10/2007, -1/+15Ever hear of an automated coin sorter?
- laserjobs, on 10/10/2007, -3/+17I guess if you want to see your money devalue even more. Inflation is a tax and removing the penny will effectively raise that tax very fast.
- Error601, on 10/10/2007, -6/+20I wish the US would do that. They all just end up in a big jar in my kitchen.
- UGM2099, on 10/10/2007, -3/+16I just came back from Australia and I loved the rounding on bills. Bravo!
- inactive, on 10/10/2007, -1/+13so get rid of the nickel becuase it costs 7 cents to make a nickel
- Kn1ghtmare, on 10/10/2007, -1/+13I think we should move to a modular based coin system. smallest unit is a nickel, 2 of these snap together to form a dime, 2 dimes snap with a nickel to make a quarter, 4 quarter units snap together to make a dollar unit, dollar units snap indefinitely to form larger coin units. If nothing else it would be fun.
- Khook20, on 10/10/2007, -0/+11Could you imagine what our kids will think: "You were alive when people still used PENNIES? In the 1900's? Man, you are OLD."
- emjaymj, on 10/10/2007, -0/+11The metal used to make a penny does NOT cost more than one cent. It would have if we were still using all-copper pennies, but that's why we've switched to copper-plated zinc pennies, so that you can't just melt them down for easy money.
It does however, cost more than a penny to manufacture one, when you take into account not only the metal used but the whole process as well. This is irrelevant though, because the value of a coin to the economy is not its face value, but rather how much it's circulated. The same penny spent 1,000 times is $10 generated for the economy. - iamnos, on 10/10/2007, -0/+10There's no reason to cash in all your pennies, they'll still be legal tender, they just won't be minted, or recirculated anymore.
- geekchic, on 10/10/2007, -1/+11"Things that are too cheap to be sold for a dollar should be sold in multiples."
What if you only want one of them though? Just throw the surplus in the bin and into a landfill? - NJank, on 10/10/2007, -1/+11before anyone feels the need to argue that point:
http://en.wikipedia.org/wiki/Penny
"a common but unofficial name for the one-cent coin in the United States and in Canada, worth 1/100 of the dollar: see penny (U.S. coin), penny (Canadian coin). This word is not used by the United States Mint or the Royal Canadian Mint; they use cent." - jonthebishop, on 10/10/2007, -2/+12i went to australia and loved not having to deal with the penny. we should really do it in america too.
- bmalnad, on 10/10/2007, -0/+9Yes, because I always drive to the hardware store to buy one and only one nail, never a box of them.
- ProfessorJerk, on 10/10/2007, -0/+8It's also illegal to direct a heard of horses down the main street of a town during business hours.
- blogspinner, on 10/10/2007, -0/+7I know it's been considered Canada for a few years, but more so by consumers than the government. Many small stores and variety/ conveniences do have a "leave a penny, take a penny" dish, which helps if you're short or don't want your pennies in change.
- rune420, on 10/10/2007, -0/+7The fact that the cent is worth less than the zinc that composes it (which is worth about 8,5 pennies at todays exchange rates) is sure to make the government take action soon. Otherwise people will probably start melting them.
- SirDiggalot, on 10/10/2007, -1/+8"A growing number of economists and bankers are urging the Canadian government to give up the penny..." I guess this is who "told" them. But I'm with you. That sentence doesn't say much.
- 00Dan, on 10/10/2007, -1/+7Reminds me what some friends did once.
There's this guy who used to wander around downtown collecting cans, etc. Basically a harmless guy, but he was a bit of an obnoxious ass too. For four days straight, they would throw a roll of pennies at the wall across the street knowing that Dale would pick up every single one. On the fifth day they only threw 49. He spent at least an hour searching for that last penny. - M4tt3r, on 10/10/2007, -1/+7What else would someone flatten using the "penny flattening machines", a dime? That's way too expensive.
- inactive, on 10/10/2007, -0/+6or, 5 for 5 cents
- xero9, on 10/10/2007, -0/+6Hey pretty soon that 1 Canadian penny will be worth like what.. $10 USD?
- mstoneburner, on 10/10/2007, -1/+7How old are you? Eight? Do mommy and daddy know you're using the computer?
- nesibus, on 10/10/2007, -3/+9Its aboot change!
- Alywait, on 10/10/2007, -5/+11The penny is becoming useless, people drop them, throw them out, or hoard them, never to use them again. In Switzerland they also do not have a penny which worked out well, but they have a $5 coin, which is heavy. I think the penny should go, everyone would bring in all the old pennies to the bank to cash in before they were discontinued from circulation then all that money would be once again included instead of hidden in jars, then the pennies could be removed.
- Inverno, on 10/10/2007, -0/+6Hells yeah! Let me run to the bank first, I need to buy a few thousand rolls of pennies. :)
- superbad, on 10/10/2007, -1/+6Everyone Canadian knows that pennies are for Tim Hortons. Just ask 15 million Canadians.
- endyminion, on 10/10/2007, -0/+5Because as legal tender, businesses cannot refuse to take them by law.
- tnvwboy, on 10/10/2007, -0/+5About damn time too!
- slickrocktrail, on 10/10/2007, -1/+6Ditching the penny would ruin the most ingenious marketing tactic of all time. The .99, 1.99, etc. pricing.
- TenebrousX, on 10/10/2007, -1/+65 cents
- plizard, on 10/10/2007, -1/+6well what will happen to the take a penny trays at stores?
- dannyapplesauce, on 10/10/2007, -3/+8Or they could adjust prices accordingly. Dont be so crass, use your head once you pull it out of your ass.
- ghank, on 10/10/2007, -1/+6"I have no experience with Canadian currency"
obviously...... - treed, on 10/10/2007, -12/+17What is it that you make that we want again?
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