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<strong>Written By:</strong> Anonymous
<strong>Date:</strong> 2004-12-27 07:54:00
<a href="/article/75425104-should-canada-lose-the-cent">Article Link</a>

Warren advocates this course of action for three reasons. First, he states that the copper metal that is used for the one-cent coin costs 1.25 cents in its raw form. Second, he gives the statistic that it costs another 1.75 cents in labor and distribution just to get one penny into circulation. Third, he makes the point that Canada should follow the lead of nations such as Australia and New Zealand who have already eliminated the one-cent coin from their currencies as a cost-saving measure. <p> [I can't find any online articles for background on this; anyone feel like finding some and posting links? --JvH] </p>

   

I'm open to this idea, unless somebody can state a reason why it woudn't work, but all modern circulation coins (those below $1) in Canada are primarily made from steel. Neither the nickel nor the penny are made of solid nickel or copper anymore (probably for the very reasons argued above). <br />
<br />
<a href="http://www.mint.ca/en/collectors_corner/circulation/technical_specs_1.htm">http://www.mint.ca/en/collectors_corner/circulation/technical_specs_1.htm</a>

   

I like the penny, but if there's one thing I want back it's the two dollar bill, (I can live with the twoonie, but I liked the old bill) or even a 1 dollar bill like the Americans have.....we'd also have to bring prices down so we'd actually get something for those bills, but that's another story.

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The best argument against democracy is a five minute conversation with the average voter --

Winston Churchill

   

Picking TWO decimal places after the (.) was totally arbitrary, when our currency was chosen. It could have as easily been ONE decimal place after the (.) But when our dollar was divided into 1/100ths, there was actually quite a lot that could be bought for that amount, and for about the first 90 years of our existence as a nation.

But we could get rid of both the nickel and the penny, and have the dime as the lowest portion of the dollar.

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RickW

   

<a href="http://www.pennies.org/topten.html">http://www.pennies.org/topten.html</a><p>---<br>RickW

   

i thought of a couple things on that list. i wondered how we would get something like $10.04 in change back from a cashier. the maple leaf is on our penny also; where would the maple leaf go if we got rid of pennies?

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"We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men" - George Orwell

   

To paraphrase that list:

1) we should keep pennies because people currently use them. ('demand' in this case is erroneous, people 'demand' them because they need them for commerce as is)
2) people scrounge for change when needed. (scrounging nickels, dimes, and other change will continue)
3) people are unable to round down. (uh, why can't we round down to the nearest 5 cents too?)
4) people donate pennies because they have them and don't want them. (what does this say about demand? would charities raise more if people only had a pocket full of nickels?)
5) see 3.
6) see 3.
7) pennies are worth more than their materials, just like every other coin and bill. (if our pennies cost 1.5 times their worth, this argument doesn't apply. besides, profit on a $100 bill is easily >$99, so pennies barely count!)
see 7.
9) When I was a kid, we got 3 hogsheads to a gallon... (there is no such thing as a penny candy anymore, and "because we used to" is a terrible reason to use in the present.)
10) President Lincoln will be discarded and forgotten if he is not honoured on tiny coins! (seriously, he's got plenty of statues, history books, and so on).


I count 7 actual reasons, only one of which I think holds any merit (charities).


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Canadians are asking, why do americans hate us? They hate our freedoms: our freedom of religion, our freedom of speech, our freedom to disagree with each other.

   

The Maple Leaf is quite firmly on our country's flag. I think it's safe.

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Canadians are asking, why do americans hate us? They hate our freedoms: our freedom of religion, our freedom of speech, our freedom to disagree with each other.

   

So if we had only dimes, then people would scrounge around for dimes, and the charities would benefit more. Can't hardly buy anything with a dime nowadays either.......

And, just like the Exxon Valdez contributed to the Alaska GDP, so would changing ALL those cash registers........

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RickW

   

1. As for the penny, perhaps they can do what the U.S. did with the nickel and make our penny out of zinc if cost is the main concern. I don't see the major problem.

I'm sure the twoonies are cheaper than the old two-dollar bill, and it does eliminate counterfeit bills, but I thought that old two-dollar bill was just gorgeous. I'm still in mourning.

Seriously, if someone wants to creat counterfeit 2's go ahead and waste your time.

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The best argument against democracy is a five minute conversation with the average voter --

Winston Churchill

   

Hard to take anything seriously from commercial radio these days. Radio for idiots. The fate of the penny, a 'pusher story' if I there ever was one. Yeah, worry about the penny folks, don't worry about the state of the dollars, or how the elites continue to steal our wealth.

   

Yeah.....this penny issue has been arounf for a while. Apparently storekeepers can't stand them. Tough.

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The best argument against democracy is a five minute conversation with the average voter --

Winston Churchill

   

You can still buy penny candy where i live in Nova Scotia!!!

   

How many times had Warren brought this up? (I remember listening to this topic on at least 2 occasions) And where did he get his facts from? They seem somewhat outdated.

   

This is the biggest waste of time on this site to date. Eliminating pennies? Yes, that's the first step towards a better Canada...

Come on. Filter.

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When an invasion can bring a country its freedom then unconsciousness is true happiness.

   

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