A Penny For Your Thoughts!

Canada, along with a bunch of other countries including the States, is planning to do away with the penny. Instead, all our calculations will be rounded out to the nearest 5 cents.

I think this would make things much easier when making change, but more than that it might save us a pile of money too.

Apparently minting all those coins costs us a lot of money.

If memory serves me, it could be in the hundreds of millions of dollars!

Why so much you ask?

I'm glad you asked!

I just found out that in typical government fashion, it cost them 4 cents to mint 1 cent.

Why doesn't this surprise me?

Your "fiscally conservative" scribe;
Allan W Janssen