But not completely "Goodbye" for ever.... well, not yet anyway. The copper one cent coin will still be legal tender, but there will be no more pennies produced at the mint. However, there's about six billion pennies in circulation, so they won't disappear in a hurry.
It actually costs 1.6 cents to produce each 1 cent coin. No wonder the government makes me pay so much tax!
And I won't have to carry around a purse bulging with heavy coins.
But what will happen to the penny arcade?
Will we still be able to buy penny stocks, or walk down Penny Lane?
What will penny-pinchers pinch now?
Will items costing a pretty penny no longer be considered pretty? Just putting my 2 cents worth in.
Sad.
ReplyDeleteI remember when the UK went decimal. Prices changed over night. As a child the big one for me was that the old 4 for a penny sweets went straight from being 4 for an old penny to 4 for a NEW penny, effectively doubling in price!
I think it will take a long time to see the end of those coins. Are you going to save some for the grand children to have as keeps?
ReplyDeleteI have a box of old US pennies....what to do with them? They aren't very old or valuable, but I have them.....Hmmm...
ReplyDeleteCleverly put.
ReplyDeleteI expect we will be phasing out pennies as well.
We did away with one and two cent pieces a few years back and now talking about deleting the 5c piece too. I see you have polymer notes now. Pity about that Maple Leaf :)
ReplyDeleteFrom bow on it's "a nickle for your thoughts" here in Canada!
ReplyDeleteWhen I got a bill from Dollarama yesterday, I was surprised at first to see it come out to exactly $13.
ReplyDeletehee hee, if i were to grab a handful of pennies I have, probably 1 or 2 Canadian pennies would show up.
ReplyDelete