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![[Post New]](/s/i/i.gif) 2012/03/30 13:32:25
Subject: The death of the penny
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Longtime Dakkanaut
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Canadians are doing away with the penny....I think us Americans should do the same.
http://www.telegraph.co.uk/news/worldnews/northamerica/canada/9176055/Canada-to-phase-out-pennies.html
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Unveiling his country's budget, Jim Flaherty, the Canadian finance minister, claimed that pennies were unpopular with the public.
Each copper-plated zinc and copper-plated steel 1 cent coin costs around 1.6 cents to produce, and scrapping them will save an estimated $11 million Canadian dollars (£6.9 million) a year.
Mr Flaherty told the Canadian House of Commons: "Pennies take up too much space on our dressers at home. They take up far too much time for small businesses trying to grow and create jobs."
The Royal Canadian Mint will produce its final penny next month, and stop providing the coin to banks and financial institutions in the autumn.
Pennies will remain legal tender, but the government said it hoped most people would turn them in to be recycled as scrap metal.
Their use will become largely redundant, as companies and retailers have been told to begin rounding up sums to the nearest nickel.
The move received cross-party support, with Pat Martin, a member of the Conservative opposition New Democratic Party, who has campaigned for the demise of the 1 cent piece, saying he would dump his pennies in the fountain in front of the Parliament buildings.
"Nobody likes them," Mr Martin added.
Pennies are not the only form of currency to be vanishing – Canada has already begun phasing out paper bank notes, replacing high domination bills with plastic versions.
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GG
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![[Post New]](/s/i/i.gif) 2012/03/30 13:43:57
Subject: Re:The death of the penny
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Tea-Kettle of Blood
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Only people who've never played in 20mm or smaller miniatures think like this...
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![[Post New]](/s/i/i.gif) 2012/03/30 13:54:49
Subject: Re:The death of the penny
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Mekboy on Kustom Deth Kopta
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PhantomViper wrote:Only people who've never played in 20mm or smaller miniatures think like this...
You can always get slugs and washers at the hardware store.
But really, who uses money anymore? all my money goes straight to my bank, and I swipe my atm card to buy everything.
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![[Post New]](/s/i/i.gif) 2012/03/30 14:00:40
Subject: The death of the penny
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Stubborn Dark Angels Veteran Sergeant
Behind you
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Finally! another nation copies Australia, we phased out the 1c and 2 cent coins AND plasized our notes awhile back....something to do with drugs I think
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![[Post New]](/s/i/i.gif) 2012/03/30 14:05:55
Subject: The death of the penny
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[MOD]
Solahma
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Plasized?
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![[Post New]](/s/i/i.gif) 2012/03/30 14:07:05
Subject: Re:The death of the penny
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Lady of the Lake
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They're sort of plasticy, I think that's what he was talking about.
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![[Post New]](/s/i/i.gif) 2012/03/30 14:08:22
Subject: The death of the penny
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[MOD]
Solahma
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Oh, I thought he might have meant "play-sized," as in made them smaller like Monopoly money.
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![[Post New]](/s/i/i.gif) 2012/03/30 15:25:50
Subject: The death of the penny
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Battlefield Tourist
MN (Currently in WY)
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That is brilliant!
We also need brighter colors! Everyone else does.
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Support Blood and Spectacles Publishing:
https://www.patreon.com/Bloodandspectaclespublishing |
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![[Post New]](/s/i/i.gif) 2012/03/30 16:03:25
Subject: Re:The death of the penny
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Member of the Ethereal Council
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sirlynchmob wrote:PhantomViper wrote:Only people who've never played in 20mm or smaller miniatures think like this...
You can always get slugs and washers at the hardware store.
But really, who uses money anymore? all my money goes straight to my bank, and I swipe my atm card to buy everything.
In a few select place i do(like school and work because they charge 40cents for each swipe)
And kids do. What parent is going to trust kids with a card of their own.
Unless you make cards that are attached to a bank account that can take out only a set amount per a certain time period.
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![[Post New]](/s/i/i.gif) 2012/03/30 16:05:41
Subject: Re:The death of the penny
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Fixture of Dakka
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Abraham Lincoln is on the penny. Abraham Lincoln freed the slaves.
Ergo, if you want to get rid of the penny, you are pro-slavery!
Seriously, though, the penny is pretty revered here in Illinois. We're the only state that accepts pennies at toll booths, even though the cost to the state to transport, sort, and deposit it is more than $0.01 per penny. Any proposal to do away with the penny will face significant resistance from Lincoln supporters. I think the only way it will happen is if we make a serious effort to establish a dollar coin with Lincoln on it. But, of course, the coin will only be successful if we do away with the paper dollar. And, that means we need to find a new home for Washington. Perhaps put him on the $10 (because feth Hamilton, no one likes his I-wasn't-even-President-and-no-one-knows ass), or make a new $500 bill with Washington (McKinley won't be missed).
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![[Post New]](/s/i/i.gif) 2012/03/30 16:08:13
Subject: Re:The death of the penny
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Tea-Kettle of Blood
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hotsauceman1 wrote:
Unless you make cards that are attached to a bank account that can take out only a set amount per a certain time period.
We already have those over here in PIGS country, don't you?
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![[Post New]](/s/i/i.gif) 2012/03/30 16:12:22
Subject: Re:The death of the penny
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Fixture of Dakka
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PhantomViper wrote:hotsauceman1 wrote:
Unless you make cards that are attached to a bank account that can take out only a set amount per a certain time period.
We already have those over here in PIGS country, don't you?
It's not exactly simple, but it is easily done.
1) Establish a new checking account.
2) Get a debit card attached to said account.
3) Set up an automatic, recurring transfer set to your child's allowance.
4) Give the card to the child.
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![[Post New]](/s/i/i.gif) 2012/03/30 16:26:25
Subject: The death of the penny
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Renegade Inquisitor de Marche
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Some places don't have a card reader...
Pubs for instance...
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Dakka Bingo! By Ouze
"You are the best at flying things"-Kanluwen
"Further proof that Purple is a fething brilliant super villain " -KingCracker
"Purp.. Im pretty sure I have a gun than can reach you...."-Nicorex
"That's not really an apocalypse. That's just Europe."-Grakmar
"almost as good as winning free cake at the tea drinking contest for an Englishman." -Reds8n
Seal up your lips and give no words but mum.
Equip, Reload. Do violence.
Watch for Gerry. |
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![[Post New]](/s/i/i.gif) 2012/03/30 16:40:38
Subject: Re:The death of the penny
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Mekboy on Kustom Deth Kopta
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Grakmar wrote:PhantomViper wrote:hotsauceman1 wrote:
Unless you make cards that are attached to a bank account that can take out only a set amount per a certain time period.
We already have those over here in PIGS country, don't you?
It's not exactly simple, but it is easily done.
1) Establish a new checking account.
2) Get a debit card attached to said account.
3) Set up an automatic, recurring transfer set to your child's allowance.
4) Give the card to the child.
You don't even need to do all that, just get pre paid credit cards. My bank will give me pre paid cards for the points I get from using the card. so no cost to me, kids get allowances, or in my case xmas gifts
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![[Post New]](/s/i/i.gif) 2012/03/30 17:13:34
Subject: Re:The death of the penny
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Decrepit Dakkanaut
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So businesses or to just round up? It could work, they will most likely just raise the prices accordingly top the nearest nickel or dollar (in the case of damn near everything ending in .99) I remember a couple years ago when copper scrap prices sky rocketed, people were actually cashing in on pennies, and then just stripping the copper off the coins and actually making money  BRILLIANT!
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![[Post New]](/s/i/i.gif) 2012/03/30 17:28:10
Subject: The death of the penny
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Hangin' with Gork & Mork
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But pennies are perfectly sized to glue to the bottom of Space Marine bases to give them some weight.
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Amidst the mists and coldest frosts he thrusts his fists against the posts and still insists he sees the ghosts.
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![[Post New]](/s/i/i.gif) 2012/03/30 17:29:57
Subject: Re:The death of the penny
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Decrepit Dakkanaut
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Wrong, NICKELS are perfect size for bases.
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![[Post New]](/s/i/i.gif) 2012/03/30 17:53:36
Subject: Re:The death of the penny
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Regular Dakkanaut
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sirlynchmob wrote:But really, who uses money anymore? all my money goes straight to my bank, and I swipe my atm card to buy everything.
Well not all my money goes straight to the bank. In fact I prefer the money which doesn't go straight to my bank because then I don't pay tax on it. Just don't tell the tax man.
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![[Post New]](/s/i/i.gif) 2012/03/30 17:56:40
Subject: Re:The death of the penny
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Decrepit Dakkanaut
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KingCracker wrote:Wrong, NICKELS are perfect size for bases.
Yes! Perfect for those top heavy models like Standards and plastic models holding metal lascannons...
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DA:70S+G+M+B++I++Pw40k08+D++A++/fWD-R+T(M)DM+
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![[Post New]](/s/i/i.gif) 2012/03/30 18:00:47
Subject: The death of the penny
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Fanatic with Madcap Mushrooms
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I use dimes....
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![[Post New]](/s/i/i.gif) 2012/03/30 18:03:02
Subject: Re:The death of the penny
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Hangin' with Gork & Mork
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KingCracker wrote:Wrong, NICKELS are perfect size for bases.
I stand corrected.
If a representative from Illinois is on the committee anywhere down the path that the legislation would have to take to get cancelled, it most likely will not happen in the US.
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Amidst the mists and coldest frosts he thrusts his fists against the posts and still insists he sees the ghosts.
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![[Post New]](/s/i/i.gif) 2012/03/31 00:55:43
Subject: Re:The death of the penny
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Androgynous Daemon Prince of Slaanesh
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Grakmar wrote:Abraham Lincoln is on the penny. Abraham Lincoln freed the slaves.
Ergo, if you want to get rid of the penny, you are pro-slavery!
Seriously, though, the penny is pretty revered here in Illinois. We're the only state that accepts pennies at toll booths, even though the cost to the state to transport, sort, and deposit it is more than $0.01 per penny. Any proposal to do away with the penny will face significant resistance from Lincoln supporters. I think the only way it will happen is if we make a serious effort to establish a dollar coin with Lincoln on it. But, of course, the coin will only be successful if we do away with the paper dollar. And, that means we need to find a new home for Washington. Perhaps put him on the $10 (because feth Hamilton, no one likes his I-wasn't-even-President-and-no-one-knows ass), or make a new $500 bill with Washington (McKinley won't be missed).
Lincoln is on the $5 bill. Screw the penny, Lincoln is more valuable tender than either piece of currency that Washington has. Let's get rid of the penny. I have so many...ugh.
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Reality is a nice place to visit, but I'd hate to live there.
Manchu wrote:I'm a Catholic. We eat our God.
Due to work, I can usually only ship any sales or trades out on Saturday morning. Please trade/purchase with this in mind. |
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![[Post New]](/s/i/i.gif) 2012/03/31 01:31:23
Subject: The death of the penny
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Trustworthy Shas'vre
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Hate to tell you this guys, but the Penny thing was a dodge. Something to get people talking about the usefulness or not of the penny instead of talking about how, in tthe midst of the biggest electoral fraud scandal this country has ever faced, the government is cutting the funding of the body in charge of investigating electoral fraud.
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Tau and Space Wolves since 5th Edition. |
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![[Post New]](/s/i/i.gif) 2012/03/31 01:36:26
Subject: The death of the penny
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Anointed Dark Priest of Chaos
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generalgrog wrote:Canadians are doing away with the penny....I think us Americans should do the same.
GG
It would spell the end of the wishing well industry...
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![[Post New]](/s/i/i.gif) 2012/03/31 03:43:22
Subject: Re:The death of the penny
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Dwarf High King with New Book of Grudges
United States
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hotsauceman1 wrote:
Unless you make cards that are attached to a bank account that can take out only a set amount per a certain time period.
Refillable gift cards.
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Life does not cease to be funny when people die any more than it ceases to be serious when people laugh. |
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![[Post New]](/s/i/i.gif) 2012/03/31 03:57:19
Subject: The death of the penny
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Anti-Armour Swiss Guard
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Doctadeth wrote:Finally! another nation copies Australia, we phased out the 1c and 2 cent coins AND plasTICized our notes awhile back....something to do with drugs I think
There were a number of reasons. Drugs were a relatively minor one. You only ever snorted coke with a $100 - to do it with a lesser value betrayed your plebian roots. If you could afford the stuff, you could afford to use the largest note we had to use it.
One major reason was to do with counterfeiting. The plastic notes incorporate several distinct and different methods to prevent this. From the hologram window up.
We got rid of 1c and 2c pieces a while ago. This was a shame as the 2c piece was a perfect match for the slotless GW plastic bases (25mm rounds). Everyone did it. It added necessary weighting/counterweighting to the bases. 2mm thick and the diameter was about 0.75mm smaller than the inner diameter of the base. They scrapped them because they cost more to make than their face value and costs to move them around were also making the coins a joke.
The introduced 'rounding' of prices as a result for cash transactions. 1c and 2c amounts rounds down, 3c and 4c rounds up (to the nearest 5c increment). 46c rounds down to 45c, 48c rounds up to 50c. Credit card transactions are NOT rounded - hence the odd amounts on monthly accounts - $541.28 is not something you would see on a cash receipt.
We also got rid of our smaller than the 5$ denomination notes (the $1 and $2 notes, which were brown, and green) and turned them into coins - which since we don't have a strip-club industry where people tuck dollar bills into stripper's g-strings - didn't have that profound an effect on local industries. Unlike the UK, we don't have a nickname for the $1 coin (about the same size as a pound coin). One I heard when I was there during the Thatcher years was "the maggie" - because it was small, brassy and thought itself a sovereign.
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I'm OVER 50 (and so far over everyone's BS, too).
Old enough to know better, young enough to not give a ****.
That is not dead which can eternal lie ...
... and yet, with strange aeons, even death may die.
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![[Post New]](/s/i/i.gif) 2012/03/31 13:19:28
Subject: The death of the penny
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Renegade Inquisitor de Marche
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chromedog wrote: Unlike the UK, we don't have a nickname for the $1 coin (about the same size as a pound coin). One I heard when I was there during the Thatcher years was "the maggie" - because it was small, brassy and thought itself a sovereign.
Do you mean a quid?
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Dakka Bingo! By Ouze
"You are the best at flying things"-Kanluwen
"Further proof that Purple is a fething brilliant super villain " -KingCracker
"Purp.. Im pretty sure I have a gun than can reach you...."-Nicorex
"That's not really an apocalypse. That's just Europe."-Grakmar
"almost as good as winning free cake at the tea drinking contest for an Englishman." -Reds8n
Seal up your lips and give no words but mum.
Equip, Reload. Do violence.
Watch for Gerry. |
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![[Post New]](/s/i/i.gif) 2012/03/31 15:35:15
Subject: Re:The death of the penny
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Veteran ORC
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But if it wasn't for the penny, Americans would spend a collective 100 million per year!
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I've never feared Death or Dying. I've only feared never Trying. |
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![[Post New]](/s/i/i.gif) 2012/03/31 19:13:00
Subject: The death of the penny
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Revving Ravenwing Biker
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As I understand it, the USA is not actually getting rid of the penny, but changing its material again. Rigfht now a penny costs about 2.6 cents to make. Switching to Steel pennies again will bring the cost down to something like .8 cents each.
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![[Post New]](/s/i/i.gif) 2012/03/31 19:26:13
Subject: Re:The death of the penny
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Calculating Commissar
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Grakmar wrote:Abraham Lincoln is on the penny. Abraham Lincoln freed the slaves.
Ergo, if you want to get rid of the penny, you are pro-slavery!
Seriously, though, the penny is pretty revered here in Illinois. We're the only state that accepts pennies at toll booths, even though the cost to the state to transport, sort, and deposit it is more than $0.01 per penny. Any proposal to do away with the penny will face significant resistance from Lincoln supporters. I think the only way it will happen is if we make a serious effort to establish a dollar coin with Lincoln on it. But, of course, the coin will only be successful if we do away with the paper dollar. And, that means we need to find a new home for Washington. Perhaps put him on the $10 (because feth Hamilton, no one likes his I-wasn't-even-President-and-no-one-knows ass), or make a new $500 bill with Washington (McKinley won't be missed).
To be fair, Hamilton kinda set up the groundwork for a our financial banking system. Just take Jackson off. He hated banks anyway.
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