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4X4 · 03-31-2008, 11:48 AM

Is on QR77 right now. I want to hear it and will comment after it's over.

I personally think it's long overdue to get rid of the penny. The NDP MP that was interviewed says that it costs more than $.01 to produce a penny. He also said that pennies made prior to 2000 were 98% copper. Pennies made since then are 94% steel and 6% copper.
I must be living under a rock because I was totally unaware that the price of copper has apparently skyrocketed. With that in mind, rounding up all the 20 billion (according to that same guy) pennies in circulation would mean that the government is sitting on a huge chunk of change (no pun intended).

As for whether we'd get fleeced by store owners rounding up, the MP said he did a study on Australia and NZ which have both eliminated the penny and apparently it works quite well.

As for charity... The show is back on and I want to listen.

03-31-2008, 11:48 AM	#1
4X4 One of the Nine Join Date: Dec 2004 Exp:	The Great Penny Debate Is on QR77 right now. I want to hear it and will comment after it's over. I personally think it's long overdue to get rid of the penny. The NDP MP that was interviewed says that it costs more than $.01 to produce a penny. He also said that pennies made prior to 2000 were 98% copper. Pennies made since then are 94% steel and 6% copper. I must be living under a rock because I was totally unaware that the price of copper has apparently skyrocketed. With that in mind, rounding up all the 20 billion (according to that same guy) pennies in circulation would mean that the government is sitting on a huge chunk of change (no pun intended). As for whether we'd get fleeced by store owners rounding up, the MP said he did a study on Australia and NZ which have both eliminated the penny and apparently it works quite well. As for charity... The show is back on and I want to listen. Last edited by 4X4; 03-31-2008 at 11:55 AM.