Back in 2010 I wrote about my hate for pennies and how much I hoped they'd get phased out. They're ugly, annoying, and cost more to produce than they're worth. Well, if you haven't heard, the Royal Canadian Mint will stop producing new pennies later this year and then slowly they will fade away.
Actually, I don't expect them to disappear entirely for a long time. Your grandma will still try to pay for groceries with them somehow, and I estimate that we will continue to find them at the bottom of junk drawers for the next 150 years or so.
This is certainly a step in the right direction, and I know a lot of people share my dislike for the grimy little discs. I can live with the 5 remaining coins available, though I'd really like to see the two dollar bill come back. That won't ever happen, but I can still dream. Before the Toonie was introduced in 1996 it didn't take a lot of money to have bills on hand. I don't know about you but there was something more satisfying about paying for stuff with cash. It just feels more meaningful or "grown up" to flip through bills rather than fingering through handfuls of clunky coins, even if the value is the same. I still mourn the loss of that bill.
But that's just my five cents.
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