I saw a Twitter tweet from a penny today. Not a woman named Penny, but a penny coin. The Canadian penny, to be exact.
The Canadian government recently announced its intention to eliminate the penny as a cost saving measure. In a last ditch effort to save face (value), the Canadian penny took to Twitter. And now, the determined discus has launched a media blitz to have its two cents heard.
The Canadian government has decided to save millions of dollars by pinching the penny out of existence. The Royal Canadian Mint—which makes 25 pennies per Canadian every year, at a cost of 1.5 cents per coin—will stop producing penn... Read Post
Canada is ditching production of the penny, saying it costs more to make the coin than it's worth. As of this fall, the Royal Canadian Mint will cease distributing Canadian pennies, though consumers will still be able to use them fo... Read Post