What is a Canada without a penny

There will be a time in the not-so-distant future when the saying, a penny saved is a penny earned, will only be hypothetical. Today, February 4, 2013, the Royal Canadian Mint – producer of Canadian mintage (coins) – will cease distribution of the 1-cent piece, the penny. Retailers will start to use the rounding system for cash transactions to accommodate for the fact that the smallest denomination now available will be the 5 cent piece, the nickel. I’ve spent the last year collecting pennies, one from each of the past 15 or so years, plus a penny for each year that our siblings were born in. And of course, I’ve saved myself a 2012 penny; the last one was struck on May 4, 2012. It’s been a good 150+ year run for the penny. One day in the future, I’ll be telling young kids that back when I was young, there used to be a little copper-coloured coin we called the penny.

Have you saved your 2012 penny keepsake?

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2 thoughts on “What is a Canada without a penny

    1. The penny is still legal tender so my understanding is that stores may or may not continue to accept pennies for the time being. Eventually there won’t be as many pennies in circulation because banks won’t be supplying them to retailers. You can also donate your pennies to charities; I heard Jim Watson, mayor of Ottawa, was running a penny drive for the food bank today.

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