So Long Penny...

Talk about anything and everything!

So Long Penny...

Postby CSD » Mon Feb 04, 2013 1:19 am

As of February 4, 2013, distribution of the Canadian one-cent piece has come to an end. You can take it or leave it.
Mark
//S
User avatar
CSD
 
Posts: 2269
Joined: Thu Sep 10, 2009 1:31 pm
Location: St. Albert, Alberta, Canada

Re: So Long Penny...

Postby ConducTTor » Mon Feb 04, 2013 1:26 am

I wish they'd do that here. But they won't cause everyone wants to sell their crap for $XX.99.
What people think: "liberals/conservatives are ruining my country"
What the powerful know: divide and conquer
User avatar
ConducTTor
Site Admin
 
Posts: 8293
Images: 13
Joined: Sat May 23, 2009 4:52 pm
Location: Atlanta GA USA

Re: So Long Penny...

Postby Marquette » Mon Feb 04, 2013 10:36 am

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...
http://espeett.blogspot.com - The SP in 1:120 - my attempt at a blog
#include <std/disclaimer.h>
User avatar
Marquette
 
Posts: 2060
Joined: Wed Dec 23, 2009 8:16 pm

Re: So Long Penny...

Postby TinGoat » Mon Feb 04, 2013 10:38 am

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...
Image

Image
Happy Railroadin'
The Tin Goat
Ron Wm. Hurlbut
Overlooking Fairbank on the Toronto Belt Line
Ontario, Dominion of Canada
====
The Ontario Narrow Gauge Show:
http://www.narrowgaugeontario.com
====
Humber Valley & Simcoe Railway Blog:
http://humbervalleysimcoerailway.blogspot.com/
====
"Do you mind being apathetic?"
User avatar
TinGoat
 
Posts: 192
Joined: Sat Aug 28, 2010 7:36 pm
Location: Toronto, Ontario, Dominion of Canada

Re: So Long Penny...

Postby ConducTTor » Mon Feb 04, 2013 11:48 am

^^^^ AHAHAHHAHAHAHHA!
What people think: "liberals/conservatives are ruining my country"
What the powerful know: divide and conquer
User avatar
ConducTTor
Site Admin
 
Posts: 8293
Images: 13
Joined: Sat May 23, 2009 4:52 pm
Location: Atlanta GA USA

Re: So Long Penny...

Postby LVG1 » Mon Feb 04, 2013 2:51 pm

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... :eh:
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.
"Let's eat, grandpa."
Punctuation marks save lives!
User avatar
LVG1
 
Posts: 864
Images: 34
Joined: Wed Jun 06, 2012 10:01 am
Location: Guben / Gubin; Germany? Poland?—No, Lusatia!

Re: So Long Penny...

Postby TinGoat » Mon Feb 04, 2013 4:25 pm

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....
Happy Railroadin'
The Tin Goat
Ron Wm. Hurlbut
Overlooking Fairbank on the Toronto Belt Line
Ontario, Dominion of Canada
====
The Ontario Narrow Gauge Show:
http://www.narrowgaugeontario.com
====
Humber Valley & Simcoe Railway Blog:
http://humbervalleysimcoerailway.blogspot.com/
====
"Do you mind being apathetic?"
User avatar
TinGoat
 
Posts: 192
Joined: Sat Aug 28, 2010 7:36 pm
Location: Toronto, Ontario, Dominion of Canada

Re: So Long Penny...

Postby WillYart » Tue Feb 05, 2013 7:26 am

No more canadian cents getting mixed into people's change in the new England area....
WillYart
 
Posts: 204
Joined: Mon Jul 30, 2012 6:42 am

Re: So Long Penny...

Postby Marquette » Tue Feb 05, 2013 9:49 am

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
http://espeett.blogspot.com - The SP in 1:120 - my attempt at a blog
#include <std/disclaimer.h>
User avatar
Marquette
 
Posts: 2060
Joined: Wed Dec 23, 2009 8:16 pm

Re: So Long Penny...

Postby TinGoat » Tue Feb 05, 2013 10:50 am

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...
Happy Railroadin'
The Tin Goat
Ron Wm. Hurlbut
Overlooking Fairbank on the Toronto Belt Line
Ontario, Dominion of Canada
====
The Ontario Narrow Gauge Show:
http://www.narrowgaugeontario.com
====
Humber Valley & Simcoe Railway Blog:
http://humbervalleysimcoerailway.blogspot.com/
====
"Do you mind being apathetic?"
User avatar
TinGoat
 
Posts: 192
Joined: Sat Aug 28, 2010 7:36 pm
Location: Toronto, Ontario, Dominion of Canada

Next

Return to Off Topic

Who is online

Users browsing this forum: No registered users and 1 guest