TT scale trains and models

As of February 4, 2013, distribution of the Canadian one-cent piece has come to an end. You can take it or leave it.

I wish they'd do that here. But they won't cause everyone wants to sell their crap for $XX.99.

I'm not keen on the idea, but what's one to do.

The only positive I really see in it is that my penny collection will be a finite set...

Round it to the nearest nickel.

Retailers will likely continue to price items at $XX.99 and make the adjustment after taxes are applied.

I heard a rumour that they were also considering the elimination of the nickel.

That would be a shame....

We wouldn't be able to flip over the Queen to see her beaver anymore...

^^^^ AHAHAHHAHAHAHHA!

There are similar things going on in Europe.
1- an 2-Cent coins are disputed because the material which they are made of is worth more than the coin...
That's why Netherlands discontinued the issuing of new 1- and 2-Cent coins some years ago. And at the check-out the final bill is rounded to 5 Cent exactness there.

Over ten years ago, a guy at work mentioned to me that $20 bought the same as $5 did when he was a kid.

I think that this rate of inflation is pretty consistent.

Looking back, I can see that $20 only gets $5 worth of stuff now as compared to when I was a kid.

That's almost 40 years of inflation for me.

I can see where they will get rid of the nickel soon.

There's also talk of devaluing the quarter ($0.25) to twenty cents ($0.20).

The way I see it, the shakedown goes something like this...

Penny - Gone
Nickel - Gone
Dime = Penny
Quarter down to Fifth = Nickel
Loonie = Dime
Toonie = Quarter
Fiver = Loonie
Ten = Toonie
Twenty = Fiver

This isn't exact, but an approximation of actual value / buying power....

No more canadian cents getting mixed into people's change in the new England area....

Hey, what are you complaining about? It's much more irritating when a shopkeeper stiffs me by giving me an American coin in my change. "Uh, you owe me another penny." "What? Why?" "You gave me an American quarter. This is only 24 cents." ;D

Marquette wrote:Hey, what are you complaining about? It's much more irritating when a shopkeeper stiffs me by giving me an American coin in my change. "Uh, you owe me another penny." "What? Why?" "You gave me an American quarter. This is only 24 cents." ;D

Better than getting a Jamaican Dime in your change...