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Old 02-04-2013, 11:25 PM
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Pocket-full-of-gold Pocket-full-of-gold is offline
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Join Date: Sep 2009
Location: Melbourne, Australia.
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Default Re: Today Canada Officially Retires the Penny

We dropped 1 and 2 cent bits here in Oz years ago for exactly the same cost more to make than the value of the coin. As far as I'm aware it's had no material impact on certainly hasn't affected day to day living despite many people raising similar questions to those raised here (there were concerns at the time that it may evolve on to include 5 cent peices as well, but as yet this hasn't materialised). Everything is just rounded up (or down....believe it or not, it does actually happen on occasion).

Although sadly Grunter, it has done nothing to eliminate things being advertised at $19.99 instead of a neat $20. That old sales trick is still seen everywhere.
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