getting rid of the penny, what else should we get rid of

Discussion in 'The Political/Current Events Coffee House' started by mattbenz99, Apr 12, 2012.

?

which coins should we get rid of.

penny ($0.01) 9 vote(s) 64.3%
nickel ($0.05) 8 vote(s) 57.1%
dime ($0.10) 4 vote(s) 28.6%
quarter ($0.25) 2 vote(s) 14.3%
Loonie ($1.00) 3 vote(s) 21.4%
twonie ($2.00) 4 vote(s) 28.6%
Multiple votes are allowed.
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  1. mattbenz99 Well-Known Member

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    Canada has decided to get rid of the penny. I think that this is a good idea. but should we get rid of some other coins like maybe the nickel. I personally think that they should get rid of the nickel and the dime also. because they have no buying power at all so they are pretty much useless. but i would like other peoples opinion on this.
    mattbenz99, Apr 12, 2012
    #1

  2. Chelsea366 Retired Moderator

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    Get rid of everything. Switch to bottle cap currency. It worked in the Fallout games so surely it would work in Canada.
    Chelsea366, Apr 12, 2012
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  3. 0bserver92 Grand King of Moderation

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    Well personally the penny is useless but the nickel and dime actually have some use. You also have to look at it form a heritage aspect aswell.
    0bserver92, Apr 12, 2012
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  4. Chelsea366 Retired Moderator

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    Do you really have "Loonies" and "Twonies" or is that just something you called them in the poll?
    Chelsea366, Apr 12, 2012
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  5. 0bserver92 Grand King of Moderation

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    No it's quite actually what we call our 1$ and 2$ coins. It's called a loonie because there is a loon on it and a twonie because it's worth two dollars.
    0bserver92, Apr 12, 2012
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  6. mattbenz99 Well-Known Member

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    they have very little use to people have you ever went to a store and paid a bill with nickels and dimes. either way 1 penny costs 1.6 cents to make so it was really inefficient
    mattbenz99, Apr 12, 2012
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  7. 0bserver92 Grand King of Moderation

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    I have as with tax things usually come to a weird total. Rounding to the nearest quarter will probably also cost some money in the transaction.
    0bserver92, Apr 12, 2012
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  8. mattbenz99 Well-Known Member

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    loonies the 1 dollar coin and twoonies the 2 dollar coin
    mattbenz99, Apr 12, 2012
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  9. mattbenz99 Well-Known Member

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    no the government pays 1.6 cents to make 1 penny worth 1 cent
    mattbenz99, Apr 12, 2012
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  10. 0bserver92 Grand King of Moderation

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    No I'm not talking about the penny you said we should get rid of the nickel and dime to.
    0bserver92, Apr 12, 2012
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  11. Spartacus Well-Known Member

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    Who the hell decided to call them that?
    Spartacus, Apr 12, 2012
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  12. 0bserver92 Grand King of Moderation

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    I don't think anyone really knows.
    0bserver92, Apr 12, 2012
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  13. Chelsea366 Retired Moderator

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    Silly Canadians. Also @mattbenz99 please do not double post.
    Chelsea366, Apr 12, 2012
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  14. 0bserver92 Grand King of Moderation

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    At least we have 1$ and 2$ coins better than stupid bills.
    0bserver92, Apr 12, 2012
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  15. mattbenz99 Well-Known Member

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    oh i miss read what you wrote and if it closer up you round up if its closer down you round down that would be fair right?
    mattbenz99, Apr 12, 2012
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  16. 0bserver92 Grand King of Moderation

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    If you round down your losing money in the transaction that adds up over time and it`s not just one cent.
    0bserver92, Apr 12, 2012
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  17. mattbenz99 Well-Known Member

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    but it evens out because your rounding up sometimes and rounding down other times
    mattbenz99, Apr 12, 2012
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  18. 0bserver92 Grand King of Moderation

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    What if it's a sale or something and they are selling lots of a particular item that rounds down they would lose a lot of money.
    0bserver92, Apr 12, 2012
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  19. mattbenz99 Well-Known Member

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    i guess you could be right
    mattbenz99, Apr 12, 2012
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  20. 0bserver92 Grand King of Moderation

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    Like I said you must also consider the heritage aspect.
    0bserver92, Apr 12, 2012
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