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In Canada, find a penny, recycle it

31 点作者 coffeecodecouch大约 11 年前

6 条评论

JacobAldridge大约 11 年前
Good luck finding the 31 billion pennies still out there! Here in Australia we farewelled the 1 and 2 cent coins in the mid 1990s - I&#x27;ve moved house several times since then, and still find the occasional coin somewhere. And that doesn&#x27;t even account for the hoards that have been tossed away as worthless.<p>My only regret is that future generations won&#x27;t understand why we ask police officers &quot;What&#x27;s the colour of a 2 cent piece?&quot;
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RossM大约 11 年前
Forgive my ignorance, but doesn&#x27;t there need to be a minimum-value coin in circulation to facilitate transactions? For example, I go to a shop and buy something for £4.99 and pay with a £5.00 note - do I get any change in return?
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hippich大约 11 年前
I am not getting why they are doing it at all? Why not let existing pennies to exist?<p>They mentioned it costs 1.6c to create 1p coin, but it costs 0.0c to keep existing 1p coins...
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rahimnathwani大约 11 年前
&quot;estimated 31 billion pennies that are still in circulation&quot;<p>&quot;The Finance Department of Canada estimates that melting down the metal from the pennies and reselling it in the industrial sector will bring in $42.5 million in revenue.&quot;<p>So, they&#x27;re going to buy $310m worth of pennies, melt them down, and sell them for $42.5m? That doesn&#x27;t seem like a worthwhile exercise.
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cjfont大约 11 年前
&gt; steel pennies will be drawn to magnets whereas the zinc and copper pennies will float.<p>Float on water?
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Ellipsis753大约 11 年前
Interesting. I wonder if anyone will fill empty warehouses with them and just sit tight and wait until they&#x27;re no longer considered currency and so can be melted down (legally)?