OH Canada

[mixer911]

are getting rid of there penny....could that happen here???

[porsche4life]

We should have already.... It costs us more than $0.01 to make....

[billybek]

I guess you could say we are going to be penniless.

[KFC911]

Originally Posted by mixer911

are getting rid of there penny....could that happen here???

Not a chance...it just doesn't make cents imo...

[imcarthur]

Since you guys are all my friends I will let you profit from our penny's demise. I currently have 28 rolls of pennies + another 200 - 300 loose. These will be a spectacular & valuable collector's item & this is your chance to get some before they are gone forever!

My low, low price: Single pennies $0.05 + S&H
Roll of 50: $1.49 + S&H

These will make great stocking stuffers at Christmas so get them while stock lasts! This offer will not be repeated!





I guarantee that these are REAL Canadian pennies - everyone has the Queen on them! Don't delay, stocks are limited! Just PM me your credit card info & you can cash in on this once-in-a-lifetime offer!

Ian

[KFC911]

Hey Ian, I've heard from a very reliable source (me ) that Canada is doing away with Mapleleafs too...can I call dibs on a roll of them suckers?

[flatbutt]

what's the copper value on a roll of pennies?

[imcarthur]

Keith: Sure. $3000 per coin. But I only have 5 in stock so time is of the essence!

Ian

[jyl]

Makes a lot of sense. I wish we'd do the same. I could even see punting the nickel.

[recycled sixtie]

Makes my pockets lighter but it is instant cost of living increase because the cost of everything will be rounded up to the next 5 cent increment. Will it happen in the US?
Just a question of time.

[imcarthur]

Originally Posted by recycled sixtie

Makes my pockets lighter but it is instant cost of living increase because the cost of everything will be rounded up to the next 5 cent increment. Will it happen in the US?
Just a question of time.

"The 2012 federal budget states: "The government expects that businesses will apply rounding for cash transactions in a fair and transparent manner."

The rounding will not be done on single items but on the total bill of sale. If the price ends in a one, two, six, or seven it gets rounded down to 0 or 5; and rounded up if it ends in three, four, eight or nine.

Businesses will not need to adjust their cash registers." Source CBC

I like the 'expects' part . . .

Ian

[1990C4S]

Credit and debit transactions will still be to the penny, no rounding. I never use cash anyway.

[Capt J.D.]

Hey! I see a U.S. Nickel in that birds nest!.. It also may be a collectors' item soon?....

[Capt J.D.]

Hey Ian, I've heard from a very reliable source (me ) that Canada is doing away with Mapleleafs too...can I call dibs on a roll of them suckers?
__________________
KC
'88 911 CE coupe

You can have the whole team!.. they ain't doin' much good up here.

[Hugh R]

I get a 1% transaction fee when I travel internationally for business on my company credit card. $55 dinner, = $0.55 fee. How do you handle a 9.75% sales tax on an item that costs $9.99? They charge you a tax of $0.98 , and pocket the difference of about $0.026. I noticed once in Vegas at a buffet, that one customer paid a penny more and the next paid a penny less, the tax was the factor.

[john70t]

Sorry, all stocked up with old silver pesos.

[imcarthur]

Originally Posted by Capt J.D.

Hey! I see a U.S. Nickel in that birds nest!.. It also may be a collectors' item soon?....

Then it will have to go into this box:



I have a bit of everything . . .

Ian

[Scuba Steve]

I use pennies as 1/16in spacers. They cost less than actually buying the things.

[JJ 911SC]

About time...

Just return from Australia, they stop using them in the 60's.

They round off the price.

Off course in Canada, we'll get screwed as they will round up...

[Por_sha911]

I predict that businesses will start pricing items that are bought one at a time (like a pack of gum...) so that with tax it will come out on the 8
"Oh gee, sorry, I'll have to charge you two cents more"
Also, I can see some stores trying to calculate tax on each item individually (in spite of the law) because most folks won't see it or not be bold enough to say anything. It sounds like no big deal until you put it into a large volume scale.