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Canada To Stop Producing Pennies In 2013

Posted by timothy on from the thought-they-were-made-here-in-america dept.

First time accepted submitter master_kaos writes "Canada is going to stop producing pennies in February 2013 to help save the tax payers $11 million per year. Cash transactions will be rounded to the nearest nickel. Cheque/Credit Card transactions are not affected."

3 of 362 comments (clear)

  1. It's all about zinc by Animats · · Score: 5, Interesting

    The US has pennies only because of lobbying from the zinc industry. The U.S. Mint pays $0.011 for a penny blank.

  2. Re:Excellent; by Garridan · · Score: 3, Interesting

    Damn straight! As an American expat in Canada, I truly truly hate returning to the states and getting a wallet full of ones. Having $1 and $2 coins makes money so much easier to deal with. I say let's go the next step now: throw out the nickel and quarter, and give us a $.50 piece.

  3. Re:Meanwhile, in the USA, Gasoline at 9/10s by dskoll · · Score: 4, Interesting

    I can't remember the last time I paid cash for gas in Canada. In fact, I think the only time in my life I paid cash for gasoline was in Florida when the pump wouldn't accept my Canadian credit card. I had to go in, give $50, buy my gas, and then go in again to get my change.