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Old 03-30-2012, 10:00 AM   #21
CaptainCrunch
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How long are they going to take peniies for, I have a water cooler jar full of pennies at home and its going to be a stone cold b%tch rolling them all.

Plus it weighs a ton.
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Old 03-30-2012, 10:03 AM   #22
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Any rules on the rounding or is this a 1-4 cent rolling tax?
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Old 03-30-2012, 10:06 AM   #23
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Quote:
Originally Posted by CaptainCrunch View Post
How long are they going to take peniies for, I have a water cooler jar full of pennies at home and its going to be a stone cold b%tch rolling them all.

Plus it weighs a ton.
Not very long. I'd get those jars of pennies to your bank pronto.

Or better yet, pay the 15% commission and take them to one of those coin machines at safeway or wherever they have them.
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Old 03-30-2012, 10:10 AM   #24
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Save them until they go out of circulation then take them to Calgary Metal.
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Old 03-30-2012, 10:10 AM   #25
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Originally Posted by CaptainCrunch View Post
How long are they going to take peniies for
They will remain legal tender forever and stores should still accept them as payment. Now, whether or not that will happen in practice is another question.

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Originally Posted by SeoulFire View Post
Any rules on the rounding or is this a 1-4 cent rolling tax?
If the final total ends in a 1 or 2, it gets rounded down to the 0.
If the final total ends in a 3 or 4, it gets rounded up to the 5.
If the final total ends in a 6 or 7, it gets rounded down to the 5.
If the final total ends in an 8 or 9, it gets rounded up to the 0.
If the final total ends in a 0 or 5, no rounding is required.


If you're that worried about getting screwed by the rounding, just pay everything with your debit or credit card and you'll pay to the nearest cent.
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Old 03-30-2012, 10:11 AM   #26
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Quote:
Originally Posted by CaptainCrunch View Post
How long are they going to take peniies for, I have a water cooler jar full of pennies at home and its going to be a stone cold b%tch rolling them all.

Plus it weighs a ton.
I would hold onto the older ones. The copper content already makes 1996 and earlier ones worth at least two cents.

1942 - 1977 Cent *$0.0270729
1978 - 1979 Cent ** $0.0269919
1980 - 1981 Cent **$0.0233263
1982 - 1996 Cent **$0.0208270
1997 - 1999 Cent $0.0047340

* 0.50% tin metal value not included.
** 1.75% tin metal value not included.
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Old 03-30-2012, 10:15 AM   #27
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It has nothing to do with "the children". It has to do with keeping your money. Nimwit.
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Old 03-30-2012, 10:17 AM   #28
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Quote:
Originally Posted by Shawnski View Post
I would hold onto the older ones. The copper content already makes 1996 and earlier ones worth at least two cents.

1942 - 1977 Cent *$0.0270729
1978 - 1979 Cent ** $0.0269919
1980 - 1981 Cent **$0.0233263
1982 - 1996 Cent **$0.0208270
1997 - 1999 Cent $0.0047340

* 0.50% tin metal value not included.
** 1.75% tin metal value not included.
Interesting.

C'mon pennies go out of circulation, daddy needs a new pair of shoes.
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Old 03-30-2012, 10:19 AM   #29
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They should've gone straight to the dime. Just round everything to one less decimal place.
Agreed. New Zealand did this.

When the 1/2 cent was removed from circulation from the US it had the approximate inflation adjusted value of a dime...
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Old 03-30-2012, 11:20 AM   #30
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They should've gone straight to the dime. Just round everything to one less decimal place.
I agree...its about time our money got on the metric system along with the rest of the country!
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Old 03-30-2012, 11:25 AM   #31
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Quote:
Originally Posted by Reaper View Post
It has nothing to do with "the children". It has to do with keeping your money. Nimwit.
I just imagined your tone being the same/similar. Carry on.
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Old 03-30-2012, 11:27 AM   #32
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Quote:
Originally Posted by Shawnski View Post
I would hold onto the older ones. The copper content already makes 1996 and earlier ones worth at least two cents.

1942 - 1977 Cent *$0.0270729
1978 - 1979 Cent ** $0.0269919
1980 - 1981 Cent **$0.0233263
1982 - 1996 Cent **$0.0208270
1997 - 1999 Cent $0.0047340

* 0.50% tin metal value not included.
** 1.75% tin metal value not included.
It's still illegal to melt down currency.

http://www.mint.ca/store/mint/custom...ce/faq-1100010

Quote:
Is it illegal to melt or deface Canadian coins?
The Currency Act and The Canadian Criminal Code clearly state that no person shall melt down, break up or use otherwise than as currency any coin that is legal tender in Canada.
Guaranteed the government will keep pennies legal currency, so they get them back as they leave circulation and get to melt them down themselves.
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Old 03-30-2012, 11:29 AM   #33
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It's still illegal to melt down currency.
Still illegal to drive over the speed limit too.
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Old 03-30-2012, 11:33 AM   #34
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Originally Posted by Shawnski View Post
Still illegal to drive over the speed limit too.
You don't need to find someone with a smelter capable of melting copper to drive over the speed limit. The consequences of getting caught speeding are also considerably lower than the consequences of getting caught melting down currency.
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Old 03-30-2012, 12:14 PM   #35
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Quote:
Originally Posted by getbak View Post
They will remain legal tender forever and stores should still accept them as payment. Now, whether or not that will happen in practice is another question.


If the final total ends in a 1 or 2, it gets rounded down to the 0.
If the final total ends in a 3 or 4, it gets rounded up to the 5.
If the final total ends in a 6 or 7, it gets rounded down to the 5.
If the final total ends in an 8 or 9, it gets rounded up to the 0.
If the final total ends in a 0 or 5, no rounding is required.


If you're that worried about getting screwed by the rounding, just pay everything with your debit or credit card and you'll pay to the nearest cent.
You could have save a lot of typing by saying round everything to the nearest nickel.
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Old 03-30-2012, 12:17 PM   #36
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This is a backhanded promotion of Nickleback.
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Old 03-30-2012, 12:27 PM   #37
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Old 03-30-2012, 12:43 PM   #38
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I'd let you know what my thoughts are on this, but you'd have nothing to give me in exchange

This is just a big conspiracy to eliminate any opinions of the general public

My two biggest practical issues:
  1. How do I tip at restaurants if I can't leave just a penny?
  2. What ever will I throw at strippers on stage while they're drying to perform?


If we do all this rounding down business, you'll never be able to put your two cents in


Lastly, it's about time the government did something about that annoying girl from Inspector Gadget
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Old 03-30-2012, 12:54 PM   #39
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While we're at it making things more efficient, can we also get the goddamned tax included in the list price like just about every other civilized country on the planet?

Displaying the cost without tax is beneficial if I don't have to pay the tax. Unfortunately, I ALWAYS HAVE TO PAY THE TAX!

Goddamnit.
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Old 03-30-2012, 01:01 PM   #40
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Quote:
Originally Posted by blankall View Post
You don't need to find someone with a smelter capable of melting copper to drive over the speed limit. The consequences of getting caught speeding are also considerably lower than the consequences of getting caught melting down currency.
It's not illegal to melt down Canadian coins in other countries (China, US, etc)
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