Great question, why do we mint coins as so many are in boxes or cans that weigh so much that they will break anyone's back? Right now, I like to have a Lincoln coin or two in my pocket. I can think of all the good things Lincoln did. And on the reverse there is that awesome picture of the Lincoln Memorial. If you look closely you can see the statue of Lincoln within the Memorial, first appearing as a speck and then becoming real as you finally discern what it is. When I visited there in college, I was deeply moved. Have heard from my teacher friends that some/many students don't know who Lincoln was. So these are reasons why I think the Lincoln coins, despite how they've inundated everywhere, may be worth keeping.
Please don’t start politics. The site has had a bumper crop of that over the past couple of weeks. Just sayin’.
Please enlighten me. I do not follow the Canadian economy and unaware of problems. If this is too political then just drop it.
Canadians are smart......they got rid of the cent, replaced the paper dollar with a metal coin dollar and fought in The Battle of Britain........
Seriously though. They might not really need to do anything other than stop minting them. There are probably enough in circulation for a generation with a minor incentive for people to bring in the jars of coins they have stored for decades. Otherwise they can round up adhoc. We already routinely do that because the value of the coins are so low we leave them at the retail counter.
Given everything of the costs to make v. the hassles of figuring, using, hoarding, et al...makes no cents to me.
For what it's worth, I wasn't trying to make trouble. I'm just honestly at a loss as to what Canadian problems stem from discontinuing the cent.
Nobody is making trouble. This is just paranoia raising its head. Nothing is being said and that is raising suspicions.
I went to the drugstore for my second Covid shot. I glanced at the newspaper, the last time I bought one-some time ago-it was 75 cents or so. Oddly there was no price marked on it, so i asked the clerk who was busy with other customers. (I would have just left three quarters). She said: "two dollars"! So I left. I only hoard pre-1982 copper pennies. (We had this terse discussion before). Only I will add that if in the event of a WAR or some other serious crisis, the price of copper "could" skyrocket. (I well remember my father bringing home pocketfuls of silver change. So who knew)? And of course 'eventually' the Law against melting down coins would have to change. Yet I heard that even the zinc is worth more than a penny now. (I think I have the side-effect of 'tinnitus' from the first shot).
Funny how it is a whole lot easier for them to take your money off a credit card but it's like pulling teeth to have it returned on an error or mistake.
Really? I've never had any difficulty, except when a merchant was being difficult about the whole concept of refunds. That's not a credit card problem, though.
For the record, a few minutes ago I saw a cent laying on the sidewalk and yes, I stopped to pick it up.