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?