bump
Since the end date was delayed until February, there hasn’t been a lot of news about this. But I found the following story:
The gas station I was at on New Year’s day have already started rounding. No more pennies given as change.
What chain was that? I was at Timmy’s yesterday and didn’t notice anything. Though, to be fair, I paid with a Timmy’s card that my sister gave me for Christmas.
Good old Canadian Tire baby!
Well, I’m heading to NoFrills with a pocketful of toonies… we’ll see what happens.
Nope. Paid for $14.41 worth of groceries using only coins, but I got pennies in change.
To bad. I spent $19.91 at Canadian Tire, handed him a $20, which he rang in, and the register actually said “Change: 10 cents.” How cool is that?
Did the receipt indicate the rounding?
Don’t know. I don’t believe I asked for the receipt. (Checking pockets and wallet.)
Nope. No receipt.
Oh well. I’ll have to pass by CT sometime soon then. I need to get some screws to put sway bracing on my shelves…
Can anyone make cents (heh) of the picture caption on that story?
Nonsensical in itself, especially when the story says:
Good to see, too, that the commenters have missed the point totally…
:smack:
Apparently people will be turning in the pennies they have laying around in jars and tins around the house gathering dust. This swap for larger currency and administrative costs will average $7.3 million a year for about 6 years, but since the savings in minting is $11 million we still come out a head.
Never read the comments section. I get embarrassed for Canada when I read the comments section on any of our national news sites.
Not only is the math wrong, as you pointed out, but there’s also the fact that items will be rounded after tax is applied (which isn’t included in sticker prices here) and the fact that one typically doesn’t buy one item at a time, AND the fact that most purchases aren’t by cash anyway, but by debit, which will still charge to the penny.
The ignorance is astounding, and to think shop keepers would now somehow reprice everything in hopes of gaining the extra few bucks a day is ridiculous, and doesn’t make sense at all after taxes and multiple purchases. It’s a wash no matter what they try to do.
Ouch.
If they demonetize here, I have a jar of wheatbacks that I’ll be able to sell for their copper price. Sadly, that looks like about two fifty per pound. The jar might be ten pounds, though, so that would be dinner out.
Another news story suggests that the nickel could be the next to go, perhaps as a rearrangement of the currency system:
As someone whose job involves dealing with multiple cashiers’ floats and deposits, I’d love to dump the nickel. In fact for some of our higher transaction volume positions we’ve been rounding to the nearest dime for years and no customers complain.
You’ve got to be kidding me; she’s so annoying. They could easily kill her off and have a perfectly fine show with just Brain and Gadget vs. Doctor Claw.
IMHO we need to do this in the UK. The 1p and 2p coins we have now are probably worth less than any other coins in our history.
The guy at my local convenience store doesn’t even bother with anything less than 10ps. As you say, it evens itself out.
Agee wholeheartedly on both points!
That’s the way US Navy commissaries overseas have been doing it for years. When I was in Scotland ('89-'92) I kept a running total for several months. The maximum difference between register price and amount paid was seven cents (in their favour); at one point I was six cents ahead.
The UK demonetised the old 5p coins (and the shillings that were still in use as 5p’s) in I think '91, while I was stationed in Scotland. I believe they’ve since done the same with the old 10p coins (and florins).