Say Goodbye to the Penny
26 views | +0 today
Follow
Say Goodbye to the Penny
"Why Pennies are economically inefficient and should be abolished"
Curated by Travis Delong
Your new post is loading...
Your new post is loading...
Scooped by Travis Delong
Scoop.it!

Should the penny be abolished? Readers disagree - Statesman Journal

Should the penny be abolished? Readers disagree - Statesman Journal | Say Goodbye to the Penny | Scoop.it
Should the penny be abolished? Readers disagreeStatesman JournalWell, we should have a denomination less than 5 cents. If they cannot make a penny coin for a penny or less, I suggest they just turn the 1-cent coin (penny) into a 2-cent coin.
more...
No comment yet.
Scooped by Travis Delong
Scoop.it!

Do We Really Need the Penny?

Do We Really Need the Penny? | Say Goodbye to the Penny | Scoop.it
CBC reports that Canada will abolish the penny this fall, citing “low purchasing power and rising production costs.” The Canadian penny is now worth about 1/20th of its original purchasing power, leading Ottawa to describe it as a “burden to the...
more...
No comment yet.
Scooped by Travis Delong
Scoop.it!

Cost to Make the Penny

Cost to Make the Penny | Say Goodbye to the Penny | Scoop.it
Cost to Make the Penny   It's official. The 2011 annual report from the United States Mint has been released. When discussing cost to mint a coin, one must look backwards in time at last year's reported figures.
more...
No comment yet.
Scooped by Travis Delong
Scoop.it!

Canada pinches pennies – The Cascade

UFV's Student Press Since 1993...
more...
Travis Delong's comment, April 17, 2012 5:23 PM
In this article you will see pennies have not been made entirely of copper for quite sometime and cost more than their worth. It also reminds that while pennies will no longer be minted they will still be accepted as currency.
Scooped by Travis Delong
Scoop.it!

Digital pennies? Micropayment ideas sought by Mint - Technology & Science - CBC News

Digital pennies? Micropayment ideas sought by Mint - Technology & Science - CBC News | Say Goodbye to the Penny | Scoop.it
The penny's days are numbered, but the Royal Canadian Mint is now looking into a second life for the one-cent denomination in the digital world through a research and developing project called MintChip.
more...
Travis Delong's comment, April 17, 2012 5:34 PM
So you think this small of currency is a necessity? Then why not do away with pennies and use the wasteful spending of their minting to support developers like these. Who are looking for way to make small electronic transactions of money cheap and efficient.
Scooped by Travis Delong
Scoop.it!

Death to Pennies

Why Pennies are economically inefficient and should be abolished. http://blog.cgpgrey.com/death-to-pennies/ If you would like to help me make more videos ple...
more...
Travis Delong's comment, April 17, 2012 5:38 PM
No comment necessary here.. This sums up everything and is my tipping point for why I believe pennies should be abolished.
Scooped by Travis Delong
Scoop.it!

How Pennies Are Made

How Pennies Are Made | Say Goodbye to the Penny | Scoop.it
"Only On The Web": Morley Safer tours a mint that manufactures about 2 million pennies per day.
more...
No comment yet.
Scooped by Travis Delong
Scoop.it!

I HATE PENNIES!!!! (Also Nickels.)

Vlogbrothers shirts: http://dftba.com/vlogbros In which John Green discusses his virulent hatred for pennies and nickels, two utterly irrelevant coins that i...
more...
No comment yet.
Scooped by Travis Delong
Scoop.it!

Calgary brewery offers beer in exchange for pennies

Calgary brewery offers beer in exchange for pennies | Say Goodbye to the Penny | Scoop.it
Beer has never been so cheap. Following the federal government’s announcement that the penny would be phased out, local business owner Jim Button said he saw an opportunity to lighten Calgarians’ change purses while benefiting local arts groups.
more...
No comment yet.
Scooped by Travis Delong
Scoop.it!

Show Your Roll

Oh, Canada. What are you supposed to do with all those pennies now? Donate those rolls of pesky pennies to your favourite charity. Tweet a photo of you and your pennies, the name of your chosen cause, and the hashtag #showyourroll.
more...
Travis Delong's comment, April 17, 2012 5:31 PM
In this site you see that there was an initial uproar on twitter about the removal of pennies. But once that settled down this site came about to do some good with the pennies that remain. Donate your pennies to a favorite charity. Tweet a photo with you and your pennies and the name of your cause to #showyourroll and you can be featured on their Honor roll.

So as you can see this is a great way to quickly get rid of our pennies in a helpful way once we get them removed from minting!