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10:38 PM
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Bid Farewell to Pennies and Nickels
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:betterlivings:MV8yMDY0MTU0XzM0NzI4Mzc0Xzc0NDFGQ0M4] [quote:Anonymous Coward 28590391:MV8yMDY0MTU0XzM0NzI4MzIzXzk3NTI5RDJF] If they ban pennies and nickles,how are us guys going to be paying our crack ho's for their services? [/quote] I guess the crack ho's would have to raise there price to a dime. [/quote]
Original Message
The penny has run out of luck, both in Canada and in the United States. Back in March, the Royal Canadian Mint announced that they were phasing out the penny due to “low purchasing power and rising production costs”, according to CBC News.
The Mint currently spends about 4.8 cents per penny due to the rising costs of zinc and copper. A nickel valued at five cents now costs approximately 16.2 cents to make due to inflated nickel prices.
[
link to www.wealthwire.com
]
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