The penny is out of production here , and the last few months a rounding of formula is in effect; to the nearest nickel. When we offered to pay the 3 cents of the dollar 98 for a large coffee at McDonald’s Sunday we were pleasantly given a nickel back. Pennies are not about as they were . And the approximately 2 that would have been made for every Canadian this year is obvious by their absence. However outlets still honour them and an unconfirmed source said that they were able to put a one cent debit transaction through at a local big box that had an add a penny take a penny counter dish at one time.
A counter person agreed that the demise of the penny needs to overcome a lot of poetry and folklore to be complete:
A penny saved is a penny earned.
Put a penny in your shoe for luck
Don’t give a wallet or purse without a cent in it as a gift.
And of course in all respect to the British homeland, Margret Thatcher’s pennies don’t come from heaven they have to be earned here.
Today in History: April 29,2011
The Royal Wedding of William and Kate.
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I was happy to read your thoughts about the penny. I include mine in the blog address here: http://wp.me/p41ooi-aL
The argument about cost is specious: saying the cost of a penny is greater than its face value is truly not a valid argument. You can make the same argument about roads: their cost is more than their face value, but I don’t see anyone closing them down. My sympathies are with you!
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I never lived through hyper inflation ,its good that the psyhcological value of pennies remains and is still in place as rounding off is there instead of nickel priceing. E transactions are still at the penny I am glad for that . Best regards and thanks for your interest K
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Good point
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