Did you know that the Government of Canada decided to ix-nay production of the Canadian penny as of 2012?! Well it is true! Apparently it costs more (1.6 cents) to make the penny than what it is worth (1 cent...obviously) and in total costs the Government around $11 million every year to produce the penny!! So what they are really saying is that "Canadians consider the penny more of a nuisance than a useful coin". But the coin is still in circulation, so really they are just as annoying as they ever were; filling up your wallet, pockets and empty texas mickey bottles.
I swear Mr.Loonie and I don't have this weird infatuation with the Penny which required us to name our first born in memory of the copper coin, it was just a coincidence really. No one will remember that 2012 was the last year of the penny just like no one remembers the last year of the one dollar and two dollar bill. If you are not a mint nerd, the years the loonie and toonie were introduced was 1987 and 1996, coincidentally the same years our currency was labelled as funny money.
So what does this have to do with Penny, our daughter? Well she will have a cool story to tell one day to someone who cares and she will have the most collectible 2012 penny ever....the one her daddy framed.
I think it's so neat that coincidentally she is born this year!
ReplyDeleteIn our lifetime, we've seen Canadian currency change quite a bit!