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OT - Pennies here in Canada

Posted By: Taper_Mike
Date: Friday, 31 October 2014, at 9:43 a.m.

In Response To: OT - Pennies here in Canada (Colin Owen)

I love pennies (though I still wish they were smaller here in UK), I hate rounding: does that make me uncivilised?

Not at all. It's just that inflation has made pennies here in the USA nearly worthless. I have heard that if a worker bends over to pick up a penny on the street, it costs more money in lost time than the penny is worth.

The $1 bill in the USA is the only paper money we have that is not loaded with anti-counterfeiting devices. That is because the cost of manufacturing a bill with anti-counterfeiting technologies built in costs way more than a $1.

It is time to drop the $1 bill and switch to dollar coins! Compared to the purchasing power of yesteryear, our $1 bills are only worth a quarter anyway.

Mike

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