February 4, 2013

Penniless

Don't worry, I'm not talking about myself. Just Canada in general.

Today is the day that Canada gets rid of the pesky little copper coin we call the 'penny'.
An event so monumental that even Google [Canada] is honouring it.

Why? Well apparently it costs 1.6 cents to produce just one penny, which is now going to save the Government $11 million per year.* My new question is why not sooner?!

Short-term, this change is going to cause massive confusion every time you pay for something. Cashiers will have to round up or down to the nearest fifth, but only if you're paying cash. I, for one, can't wait to see how this plays out and will be fully entertained watching some people struggle to grasp the concept.

However, I'm not sure that everything was considering in this decision becuase we are not just losing a little round piece of metal; we are losing so many daily habits.

A penny for your thoughts? Not anymore. Unless you're paying credit or debit that is. Otherwise you'll be forking over an entire nickel. Or wait, shouldn't it round down to free? You see - confusion! I anticipate a lot less thought-sharing to happen, which isn't all bad. Some thoughts are stupid.

The useful 'take a penny, leave a penny' boxes at convenience stores will become obsolete. I'm going to miss them. Especially considering I never go to convenience stores.

You will also never have good luck again. Not by finding a penny at least.You will no longer run into your crush because you found a penny that morning. It will now just be pure coincidence. Or fate, depending on how much you want to romanticize it. You better start stocking up on rabbit feet and horseshoes if you want to continue with such superstitions.

Worst of all though, you can never again be that asshole in line counting out exactly 38 pennies for your purchase. I know, depressing.

So Canadians, start rolling up those hundreds of jars of pennies you've collected over the years so that you can cash them in for all of $4. Almost enough for a Starbucks latte.

Or donate them to charity, you Scrooge.


*Source

1 comment :

  1. This is awesome. The US has talked about it for years. I hate pennies. :)

    ReplyDelete

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