This week the Canadian government took the penny out of circulation as it was costing too much to produce: 1.6 cents for every penny produced. So the Royal Canadian Mint is no longer making new one cent coins, and retailers are supposed to round the price of an item up or down to the nearest five cents to customers paying cash as pennies are no longer to be circulated at the retail level. They will still be accepted at banks as legal tender, but anyone with large stashes of the “coppers” should get the rolling tubes and take them to their financial institutions that way.this is the last stash of pennies we will ever have
The end of an era. I’m in my 50′s, and I’m sure everyone my age or older has some pleasant memories of tossing a penny into a fountain for good luck. Or recalls the saying, “See a penny, pick it up and all the day you’ll have good luck.” Pennies have long been associated with good luck.
I’m reminded of other sayings that might bring a smile to your face: “pennies from heaven,” “a penny for your thoughts,” ” a penny saved is a penny earned.” Perhaps you have a favourite, or a penny saying that reminds you of someone special? It’s kind of sad that the penny is now a thing gone by, but we knew it’s time was coming as pennies have been practically worthless for quite sometime now.
I’ll bet most people just walk over them if they see a penny on the street today. They are unappreciated and now, of no value unless you find yourself in the possession of something special like a 1923 penny that might be worth as much as $340 if in mint condition. This site lists pennies of value in Canada.
Some charities have embraced the opportunity and are collecting pennies from donors who have amassed hoards of the one cent coins. This article highlights the charitable race to relieve you on your pennies. How long will it be before we even remember that there was ever a one cent coin?
Perhaps you couldn’t care less about the fate of the Canadian penny. Is there something else that has recently become obsolete that you miss dearly? 8-tracks, VHS and cassette machines, rotary dial phones, ringer washers. So many things have already become obsolete in my own 50+ years of life. I’m sure I’m missing some important ones. But for now, this is my salute to the penny, and I hope you will join me in reminiscing just a bit.
Then join us back here the week of February 18th, when we’ll take our next new look at life.