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Posted 02/10/2025 01:20 am
When we eliminated the One Cent Coin
in 2012 , the reasoning was it was costing
far more to produce them than .01 CAD,
which at the time was on par with USD .
In the end of production there was a ceremony
with the last Cent being struck by the Finance
Minister .
The RCM got smart and packaged rolls that
brought a nice profit .
To be really honest , here in Canada , no one
really missed the annoying things as they had
long passed having any value or usage .
Convenience stores and such had for the
previous two to three years 2009-11 , a little dish
by the cash register , aptly known as take a penny
leave a penny .
By early 2013 they were all gone from circulation.
The concept of "rounding " when using cash really
does work up here . " Pennies " are not missed!
The two other changes that we had in Canada regarding
Changing denominations were also interesting .
In 1987 the introduction of the Loon Circulation $ Dollar
Coin was met with a fair amount of resistance and skepticism.
This was mainly because the Government of Canada let the
coins circulate side by side with the $1.00 note until 1989 when
the BOC stopped producing the note .
1996 introduction of the $2.00 coin was far smoother. The
$2.00 note was immediately eliminated and only the coins
circulated .
To be really honest , personally I find the use of the coins far
handier .
in 2012 , the reasoning was it was costing
far more to produce them than .01 CAD,
which at the time was on par with USD .
In the end of production there was a ceremony
with the last Cent being struck by the Finance
Minister .
The RCM got smart and packaged rolls that
brought a nice profit .
To be really honest , here in Canada , no one
really missed the annoying things as they had
long passed having any value or usage .
Convenience stores and such had for the
previous two to three years 2009-11 , a little dish
by the cash register , aptly known as take a penny
leave a penny .
By early 2013 they were all gone from circulation.
The concept of "rounding " when using cash really
does work up here . " Pennies " are not missed!
The two other changes that we had in Canada regarding
Changing denominations were also interesting .
In 1987 the introduction of the Loon Circulation $ Dollar
Coin was met with a fair amount of resistance and skepticism.
This was mainly because the Government of Canada let the
coins circulate side by side with the $1.00 note until 1989 when
the BOC stopped producing the note .
1996 introduction of the $2.00 coin was far smoother. The
$2.00 note was immediately eliminated and only the coins
circulated .
To be really honest , personally I find the use of the coins far
handier .
