Comments on: Canada Modernizes Coinage with Penny Elimination and New $1, $2 Coins https://www.coinnews.net/2012/04/11/canada-modernizes-coinage-with-penny-elimination-and-new-1-2-coins/ CoinNews delivers the latest World and US coin news Sat, 12 Jan 2013 08:23:23 +0000 hourly 1 https://wordpress.org/?v=7.0.2 By: Robert https://www.coinnews.net/2012/04/11/canada-modernizes-coinage-with-penny-elimination-and-new-1-2-coins/#comment-60477 Sat, 12 Jan 2013 08:23:23 +0000 http://www.coinnews.net/?p=27146#comment-60477 Hi,I have a double stuck and off center 2012 magnetic penny that I am having no luck putting a value too,this could be the last Canadian penny error coin ever made.any advise or ideas would be appreciated,as I have spent days on line,but have nothing.

]]> By: Mike https://www.coinnews.net/2012/04/11/canada-modernizes-coinage-with-penny-elimination-and-new-1-2-coins/#comment-50260 Sun, 15 Apr 2012 21:49:23 +0000 http://www.coinnews.net/?p=27146#comment-50260 Sounds like they are forcing credit card use and the elimination of cash. Funny how they never say they are making 12 cents on every quarter they make. On a collectors note are we going to lose a coins every 10 years? Where willthe hobby be in 30 years?

]]> By: jim https://www.coinnews.net/2012/04/11/canada-modernizes-coinage-with-penny-elimination-and-new-1-2-coins/#comment-49840 Thu, 12 Apr 2012 14:39:33 +0000 http://www.coinnews.net/?p=27146#comment-49840 Not useful in 30+ years? Can’t purchase anything except in great numbers? We live in different worlds, my friend. If you think your 30+ year collection of pennies is so worthless then just toss them out or better yet send them to me. If you think they’re so worthless try paying your bill up to the nearest nickel below the total and see if they don’t want the 1, 2, 3, or 4 pennies you’re short too. Take your 30+ year collection, put it in 50 cent rolls and take it to the bank and they’ll give you two of your quarter dollars in return. Still think they’re worthless? It’s all in your mind.

]]> By: Vachon https://www.coinnews.net/2012/04/11/canada-modernizes-coinage-with-penny-elimination-and-new-1-2-coins/#comment-49836 Thu, 12 Apr 2012 13:55:10 +0000 http://www.coinnews.net/?p=27146#comment-49836 @jim : The cent is worthless. It can’t purchase anything except in great numbers. Only quarters have nominal purchasing power and that’s been severely eroded. I love cents…they’re how I started collecting (probably like everyone else here), but the fact is, in all my 30+ years they have not been a useful coin whatsoever. Nickels stopped being useful in the early ’80s and dimes by the mid-’90s. If everything were rounded to the nearest quarter-dollar, I don’t think we would notice much of a difference.

]]> By: jim https://www.coinnews.net/2012/04/11/canada-modernizes-coinage-with-penny-elimination-and-new-1-2-coins/#comment-49730 Wed, 11 Apr 2012 23:10:52 +0000 http://www.coinnews.net/?p=27146#comment-49730 The coin isn’t worthless, it just costs more to make. And the 1 cent denomination hasn’t gone away, it’s there until you decide how to pay. Pay cash and you round up or down; pay by card or check and you pay the exact amount. But watch retailers and see if amounts trend to end in 3, 4, 8, or 9 cents so they can round up and make an extra penny or two per cash transaction.

]]> By: bill https://www.coinnews.net/2012/04/11/canada-modernizes-coinage-with-penny-elimination-and-new-1-2-coins/#comment-49718 Wed, 11 Apr 2012 21:05:34 +0000 http://www.coinnews.net/?p=27146#comment-49718 Id also like to thank: Woodrow Wilson for ruining our country by signing the Federal Reserve Act. FDR for making it worse and putting us in a welfare state. and finally Richard Nixon for setting us on the path to hyperinflation.

/sarcasm

Ever wonder why the put Woodrow on the 100K dollar bill? To thank him for giving control of our country to the banksters.

]]> By: Kevin https://www.coinnews.net/2012/04/11/canada-modernizes-coinage-with-penny-elimination-and-new-1-2-coins/#comment-49711 Wed, 11 Apr 2012 19:54:01 +0000 http://www.coinnews.net/?p=27146#comment-49711 Yes, whatever happened to ‘a penny saved is a penny earned’? With inflation, would that be $1.00 now? Currency becomes worth less as more and more is produced. ‘Thank you’, Helicopter Ben Bernanke, for what you’re doing to the US currency.

]]> By: Vachon https://www.coinnews.net/2012/04/11/canada-modernizes-coinage-with-penny-elimination-and-new-1-2-coins/#comment-49710 Wed, 11 Apr 2012 18:50:35 +0000 http://www.coinnews.net/?p=27146#comment-49710 It saddens me that far too many people cheer the loss of their nation’s smallest denominations rather than asking why were they allowed to become so worthless in the first place?

]]> By: Adam Macer https://www.coinnews.net/2012/04/11/canada-modernizes-coinage-with-penny-elimination-and-new-1-2-coins/#comment-49704 Wed, 11 Apr 2012 17:25:39 +0000 http://www.coinnews.net/?p=27146#comment-49704 About time.. The UK lost the equivalent value coin, the halfpenny, in 1984..

]]>