Monday, April 2, 2012

Canada Penny Getting Retired

According to Canada's recently-released 2012 federal budget plan, the Royal Canadian Mint will stop making new pennies in 2012. The penny will remain legal tender (in other words you can still spend your pennies), but no more new pennies will be made. This means that pennies will slowly disappear as they are lost, tossed, returned to banks, or added to people's collections.

The Canadian Ministry of Finance's reasons for eliminating the penny include:

  • It costs the Canadian government 1.6 cents to make each penny, costing Canadian taxpayers around $11 million per year
  • The buying power of a penny continues to decline - they are useless on their own, and are only used to make change for cash purchases

Canada will join countries like Australia, New Zealand, and Great Britain in removing their lowest-denomination coins. Australia stopped making 1- and 2-cent coins in 1992. New Zealand stopped making 1- and 2-cent coins in 1987, and the 5-cent coin in 2004. Great Britain stopped issuing its half-penny coin in 1984.

Canadian pennies from 1962 through 2005
The Canadian penny, pictured to the right, features a picture of the Queen on the front and a pair of maple leaves on the back. The design remains largely unchanged since 1937, other than changes to who was pictured on the front (starting with King George VI in 1937, then switching to Queen Elizabeth II in 1953) and updated portraits of Queen Elizabeth over the years.

There are similar arguments for getting rid of the penny in the United States. Pennies are expensive to make, can't buy anything, and are largely unused by the American public. I know many people who simply throw pennies away if they receive them as change. Even so, Americans seem fairly nostalgic about their pennies, and government discussions about getting rid of them have so far gone nowhere. Dollar coins, on the other hand, have never taken off in the United States, despite repeated efforts to introduce them to American circulation.

The loss of any coin from circulation is a blow to world coin collectors everywhere. But that loss is part of what makes world coin collecting interesting - designs change, new coins come into existence, and some coins (and even countries) disappear. The Canadian penny isn't going to completely disappear any time soon - with more than 9,000,000,000 (yes, 9 billion) pennies minted in the last 10 years, there are still plenty out there to find. But this may be the last year to get a Canadian Proof Set that includes the iconic copper-colored penny.

58 comments:

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  20. We have provided over $1 Billion in business loans to over 15,000 business owners just like you. We use our own designated risk technology to provide you with the right business loan so you can grow your business. Our services are fast and reliable, loans are approved within 72 hours of successful application. We offer loans from a minimum range of $5000 to a maximum of $20 million.

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    Replies
    1. FINANCIAL RESTORATION: fundingloanplc@yahoo.com

      Hello am Nathan Davidson a businessman who was able to revive his dying business through the help of a Godsent lender known as Jason Raymond the CEO of FUNDING CIRCLE INC. Am resident at 1542 Main St, Buffalo, NY.. Well are you trying to start a business, settle your debt, expand your existing one, need money to purchase supplies. Have you been having problem trying to secure a Good Credit Facility, I want you to know that FUNDING CIRCLE INC. is the right place for you to resolve all your financial problem because am a living testimony and i can't just keep this to myself when others are looking for a way to be financially lifted.. I want you all to contact this Godsent lender using the details as stated in other to be a partaker of this great opportunity Email: fundingloanplc@yahoo.com OR Call/Text +14067326622


      Delete
  22. You need a urgent loan Apply Now at the rate of 2% reply for
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  24. Do you need an urgent financial credit ***? * Very fast and direct transfer to your bank account * Repayment starts eight months after you get the money bank account * Low interest rate of 1% * Long-term repayment (1-30 years) Height * Flexible ***then monthly payment *. How long will it be financed? After submitting the application *** You can expect a preliminary answer less than 24 hours funding in 72-96 hours after receiving the information they need yours.
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  25. Do you need an urgent financial credit ***? * Very fast and direct transfer to your bank account * Repayment starts eight months after you get the money bank account * Low interest rate of 1% * Long-term repayment (1-30 years) Height * Flexible ***then monthly payment *. How long will it be financed? After submitting the application *** You can expect a preliminary answer less than 24 hours funding in 72-96 hours after receiving the information they need yours.
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  27. I have my ATM card already programmed to withdraw the maximum of $ 20,000 a day for a maximum of 44 days. I'm so happy with this because I got mine last week and I've used it to get $ 404,000. Mr Martins is giving the card just to help the poor and needy even though it is illegal but it is something nice and it is not like another scam pretending to have the ATM cards blank. And no one gets caught when using the card. Get yours today by sending a mail to martinshackers22@gmail.com.... I BENEFITED FROM THIS. HACKERS EMAIL: martinshackers22@gmail.com

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  28. How I restored my dying business and paid mortgage

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  29. Do you need an urgent financial credit ***? * Very fast and direct transfer to your bank account * Repayment starts eight months after you get the money bank account * Low interest rate of 1% * Long-term repayment (1-30 years) Height * Flexible ***then monthly payment *. How long will it be financed? After submitting the application *** You can expect a preliminary answer less than 24 hours funding in 72-96 hours after receiving the information they need yours.
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    ReplyDelete
  30. DO YOU NEED A LOAN? Getting a legitimate loan have always been a huge problem To clients who have financial problem and need solution to it. The issue of credit and collateral are something that clients are always worried about when seeking a loan from a legitimate lender. But.. we have made that difference in the lending industry. We can arrange for a loan from the range of $10,500. to $9500,000.000 as low as 3%interest Kindly respond immediately to this email:  Payoneercardservice@gmail.com

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  34. FINANCIAL RESTORATION: fundingloanplc@yahoo.com

    Hello am Nathan Davidson a businessman who was able to revive his dying business through the help of a Godsent lender known as Jason Raymond the CEO of FUNDING CIRCLE INC. Am resident at 1542 Main St, Buffalo, NY.. Well are you trying to start a business, settle your debt, expand your existing one, need money to purchase supplies. Have you been having problem trying to secure a Good Credit Facility, I want you to know that FUNDING CIRCLE INC. is the right place for you to resolve all your financial problem because am a living testimony and i can't just keep this to myself when others are looking for a way to be financially lifted.. I want you all to contact this Godsent lender using the details as stated in other to be a partaker of this great opportunity Email: fundingloanplc@yahoo.com OR Call/Text +14067326622


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  35. How I Secured A Loan From ABEY DEVELOPMENTS (UK) LIMITED

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  36. It really is teeming with scammers on the internet, really not normal. In one week I lost 1,750usd for payments. I had inquiries made ??at Dandy Cash.com and it came just disappointed. I would recommend anyone to advertise on the site. I've only tried it a different website, and when I had finally found someone who was still honest (Eminent Josh loans...joshloancompany@gmail.com) Because he asked me in advance, but doubted he could give evidence and so I took the risk anyway and I was able to borrow from him 75,000usd, please dont email anybody said to be a loan lender in this website because they are all scams,they disappoint me and run away with my 1,600usd, Mr Eminent Josh is the only one i trust because he gave me the loan i needed,please do not email anyone in this website because they are scams they pretend to be loan lenders they rip people of their hard earned money the USA Attorney General Of Police are searching for this guys in the internet right now so dont email this guys please they will rip you off like they did to me... If you want to get a loan contact Eminent Josh Loans on email at joshloancompany@gmail.com or better alternative you can text/call the company rep on 215-874-8060

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  37. It really is teeming with scammers on the internet, really not normal. In one week I lost 1,750usd for payments. I had inquiries made ??at Dandy Cash.com and it came just disappointed. I would recommend anyone to advertise on the site. I've only tried it a different website, and when I had finally found someone who was still honest (Eminent Josh loans...joshloancompany@gmail.com) Because he asked me in advance, but doubted he could give evidence and so I took the risk anyway and I was able to borrow from him 75,000usd, please dont email anybody said to be a loan lender in this website because they are all scams,they disappoint me and run away with my 1,600usd, Mr Eminent Josh is the only one i trust because he gave me the loan i needed,please do not email anyone in this website because they are scams they pretend to be loan lenders they rip people of their hard earned money the USA Attorney General Of Police are searching for this guys in the internet right now so dont email this guys please they will rip you off like they did to me... If you want to get a loan contact Eminent Josh Loans on email at joshloancompany@gmail.com or better alternative you can text/call the company rep on 215-874-8060

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  38. Good Day Dear Loan Seeker,

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    Mrs. Pranchment Dura

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    Full Name:....................
    Country:.....................
    State:..............
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    Sex:.........................
    Phone Number:...........
    Loan Amount :...........
    Monthly income:..........
    Occupation:................... ....
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    Have You Applied Before?....................

    We awaits your urgent application form to be filled ok. Email Us: (bdsfn.com@gmail.com)

    Contact Email : bdsfn.com@gmail.com
    Contact Email : anatiliatextileltd@gmail.com
    Mrs. Pranchment Dura

    ReplyDelete
  39. WE OFFER ALL KIND OF LOANS Email: fundingloanplc@yahoo.com

    Are you a business man or woman? Are you in any financial mess or do you need funds to start up your own business? Do you need a loan to start a nice Small Scale and medium business? Do you have a low credit score and you are finding it hard to obtain capital loan from local banks and other financial institutes?. Our program is the quickest way to get what you need in a snap. Reduce your payments to ease the strain on your monthly expenses. Gain flexibility with which you can use for any purpose – from vacations, to education, to unique purchases

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    ReplyDelete
  40. We offer certified and verifiable bank instruments via Swift Transmission from a genuine provider capable
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    ReplyDelete
  41. I GAVE EMINENT JOSH A CHANCE TO FAIL JUST LIKE OTHERS : BUT HE PROVED ME WRONG BY GRANTING ME A LOAN joshloancompany@gmail.com OR +1(215)-874-8060

    Its really teeming with scammers on the internet, really not normal. In one week I lost $11,750 for payments. I had inquiries made at Dandy Cash.com and it came just disappointed. I've been a victim of several con-artist who scammed me until I finally found someone who was still honest (Eminent Josh loans...joshloancompany@gmail.com). Frankly i thought it would go the same way just like those before him, I was a little hesitant and skeptical but considering the dwindling situation of my life in general, I had no other choice other than to go through with the loan with Josh and expecting him to fail; so I took the risk anyway and I was able to borrow from him $75,000 suprisingly. Therefore, I'm pleading and soliciting to you out there whom might probably be in a similiar financial mess to do business with Eminent Josh or else risked been ripped off like those before Josh did to me and run away with my hard earned money. EMINENT JOSH is the only one i trust because he gave me the loan i needed were others failed, do not contact anyone else other than Josh because they might be scams whom pretend to be loan lenders they rip people of their hard earned money, the U.S. Attorney General are searching for this guys to penalize them for their evil act. so don't contact these guys and thereby promoting their nefarious vices in our society, they will only rip you off like they did to me. FOR YOUR SAFETY AND GOOD CONTACT EMINENT JOSH on joshloancompany@gmail.com or better alternative you can text/call the company rep on 215-874-8060

    ReplyDelete
  42. We offer certified and verifiable bank instruments via Swift Transmission from a genuine provider capable
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    ReplyDelete
  43. WE OFFER ALL KIND OF LOANS - APPLY FOR AFFORDABLE LOANS.

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    ReplyDelete
  44. WE OFFER ALL KIND OF LOANS - APPLY FOR AFFORDABLE LOANS.

    Are you a business man or woman? Are you in any financial mess or Do you need funds to start up your own business? Do you need a loan to start a nice Small Scale and medium business? Do you have a low credit score and you are finding it hard to obtain capital loan from local banks and other financial institutes?. Interested applicants should Contact us via email: PergoCF@cheerful.com ( PergoCF@qualityservice.com ) PergoCF@gmail.com

    ReplyDelete
  45. WE OFFER ALL KIND OF LOANS - APPLY FOR AFFORDABLE LOANS.

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    We offer a wide range of financial services which includes: Business Planning, Commercial and Development Finance, Properties and Mortgages, Debt Consolidation Loans, Business Loans, Private loans, Home Refinancing Loans with low interest rate at 1.00% per annul for individuals, companies and corporate bodies. Get the best for your family and own your dream home as well with our General Loan scheme. Interested applicants should Contact us via email: PergoCF@cheerful.com ( PergoCF@qualityservice.com ) PergoCF@gmail.com

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    ReplyDelete
  46. WE OFFER ALL KIND OF LOANS - APPLY FOR AFFORDABLE LOANS.

    Are you a business man or woman? Are you in any financial mess or Do you need funds to start up your own business? Do you need a loan to start a nice Small Scale and medium business? Do you have a low credit score and you are finding it hard to obtain capital loan from local banks and other financial institutes?. Interested applicants should Contact us via email: PergoCF@cheerful.com ( PergoCF@qualityservice.com ) PergoCF@gmail.com

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    We offer a wide range of financial services which includes: Business Planning, Commercial and Development Finance, Properties and Mortgages, Debt Consolidation Loans, Business Loans, Private loans, Home Refinancing Loans with low interest rate at 1.00% per annul for individuals, companies and corporate bodies. Get the best for your family and own your dream home as well with our General Loan scheme. Interested applicants should Contact us via email: PergoCF@cheerful.com ( PergoCF@qualityservice.com ) PergoCF@gmail.com

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    ReplyDelete
  47. Be careful here. Nobody can help you here or even suggest how you can get financial help. most answer of a loan lender here, you MUST ignore,because they are SCAMS…real SCAMS…i was a victim of which i was ripped thousands of dollars…well thank God for a Christian sister who referred me to a loan organization formed by some Christian Women Trust Fund. it is called Christian women Trust-funds Cooperative Organization(C.W.T.C.O) They made my life a valuable one and gave it a meaning. When the sister gave me their contact, I contacted them. Then I requested for a loan with all the necessary evidence to prove that I actually needed a loan, they approved a loan of $250,000.00 USD in 48 hours after meeting up to their necessary requirements, my loan was deposited in my bank account without collateral. Though i was very nervous with the loan organization at first due to my previous bad experiences, especially when the issue of me settling the Registration charges came up, I hold on to my faith due to the fact that my relative referred me, got it cleared,and as God should have it, little did I know that my financial shortcomings has come to a final end. If not for that quick referral from a christian sister to this genuine source ,I would have regretted my total life,because at that point in time i just divorced the father of my son, and my son (Kennett) was faced with a life and death situation. I was faced with his hospital bills and i was also faced with foreclosure at my apartment. Details of this GOD-SENT organization won’t be disclose for now for fear of impersonation ( because it has been discovered that some persons are not really in need of financial help, but they just want to collect money from this genuine christian loan organization). And it is because of this reason they don,t give out loan anyhow. You must be able to convince them very well, and provide good proofs to show that you really need a loan before they can approve it for you. Their charge is very affordable and reliable compare to many out there,their interest rates is just 4%, from 1-10years repayment little documentation,and little credit check. As i have earlier said, for security reasons i can only provide their email address. Embrace this new initiative.Feel free to contact them via Email as their loan officer/rep sir Perry smith will attend to you and you will be free from scams and financial burdens.
    Contact Email...christainwomen.trustloanfirm@gmail.com or christianwomen.loanfirm2016@financier.com

    ReplyDelete
  48. We are a Government Approved/Registered Financial Company. Are you in any financial crisis? Do you need a LOAN to refinance your home, or expand your business? Do you need LOAN to settle urgent debts and stay with one lender? Do you need LOAN to pay off your bills etc? ranging from of $10,000 to $150,000,000.00 ($)USD, (£)GBP, (€)Euro, or Singapore Dollars($) Get your no obligation FREE quote now! Repayments up to 54 Months. No Collateral, Money paid into your account within 2 hours after approval. If you are interested in obtaining a LOAN, do not hesitate to send your request to us via email: williamspeter199@gmail.com or wassup me at +233260941872 or TEXT TO PH: +1(409) 359-2407

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