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(CBC)   The Canadian government wants nickel back   (cbc.ca) divider line 88
    More: Cool, Canadians, nickel back, Canadian government, Coinstar, electronic payments, Australian Government, economic model  
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11957 clicks; posted to Main » on 03 Jan 2013 at 12:34 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-01-03 10:15:48 AM  
Good. Let's give them Nickelback.

/And Celine Dion back too.
 
2013-01-03 11:12:01 AM  
Huh. 30% of the World's nickle comes from the World's largest nickle mine in Sudbury, Ontario

That's your fun fact for the day
 
2013-01-03 11:28:47 AM  
Canadians seem to be much less hung up on physical money than Americans.

They use dollar coins much more than U.S., and I think they have a $2 coin as well.  They've already given up the penny, and now seem to be ok with ditching the nickel.

WTF is up with us?  I mean, is it just that all of our old people have that much control over crap?
 
2013-01-03 11:34:34 AM  

SnarfVader: Good. Let's give them Nickelback.

/And Celine Dion back too.


They can have whatever Bieber is too

We're keeping Robin Sparkles, though

userserve-ak.last.fm
 
2013-01-03 11:36:18 AM  
"We see less and less people now ... digging in their wallets for nickels,"

What kind of weirdo puts change in their wallet? Oh right, Canadians.
 
2013-01-03 11:36:28 AM  

dletter: Canadians seem to be much less hung up on physical money than Americans.

They use dollar coins much more than U.S., and I think they have a $2 coin as well.  They've already given up the penny, and now seem to be ok with ditching the nickel.

WTF is up with us?  I mean, is it just that all of our old people have that much control over crap?


Sir, I question, nay challenge, your Patriotism!

(And in the movies, a briefcase full of coins doesn't look as good as tightly-bound stacks of twenties.)
 
2013-01-03 11:37:08 AM  

Peter von Nostrand: SnarfVader: Good. Let's give them Nickelback.

/And Celine Dion back too.

They can have whatever Bieber is too

We're keeping Robin Sparkles, though

[userserve-ak.last.fm image 500x500]


I said a-bang, bang, bangity-bang!
 
2013-01-03 11:37:55 AM  
Take them back!

but let us keep Rush please
 
2013-01-03 12:12:55 PM  

whyRpeoplesostupid: Huh. 30% of the World's nickle comes from the World's largest nickle mine in Sudbury, Ontario

That's your fun fact for the day


What the fark is "nickle"?

*reads username*

OK, nevermind
 
2013-01-03 12:37:08 PM  
So what do they do when they make change? Round?
 
2013-01-03 12:37:28 PM  
if they want them they can have them on one condition they have to take bieber back too.
 
2013-01-03 12:38:54 PM  
Hey! The deal was Nickleback for Randy Quaid! FREE TRADE, MOFOS.
 
2013-01-03 12:41:18 PM  

ITGreen: dletter: Canadians seem to be much less hung up on physical money than Americans.

They use dollar coins much more than U.S., and I think they have a $2 coin as well.  They've already given up the penny, and now seem to be ok with ditching the nickel.

WTF is up with us?  I mean, is it just that all of our old people have that much control over crap?

Sir, I question, nay challenge, your Patriotism!

(And in the movies, a briefcase full of coins doesn't look as good as tightly-bound stacks of twenties.)


The briefcase full of coils would probably be a lot heavier too.
 
2013-01-03 12:44:21 PM  
The sad part is that the penny has become trash to some people. I saw a guy drop a handful of pennies on the ground while leaving the grocery store.

/I wonder how much money is in the garbage dump...
 
2013-01-03 12:45:18 PM  

Sybarite: "We see less and less people now ... digging in their wallets for nickels,"

What kind of weirdo puts change in their wallet? Oh right, Canadians.


Nope, we're not wearing this one. Change purse for the girls maybe. Can't really use a wallet's change hole for actual change because toonies don't fit in there.
 
2013-01-03 12:45:45 PM  

Peter von Nostrand: We're keeping Robin Sparkles, though


Yes, who could forget "Let's Go To The Mall"?

I'm worried about the idea from the article for a $200 bill. I mean, $200?

i.cdn.turner.com
 
2013-01-03 12:45:46 PM  

BobDeluxe: ITGreen: dletter: Canadians seem to be much less hung up on physical money than Americans.

They use dollar coins much more than U.S., and I think they have a $2 coin as well.  They've already given up the penny, and now seem to be ok with ditching the nickel.

WTF is up with us?  I mean, is it just that all of our old people have that much control over crap?

Sir, I question, nay challenge, your Patriotism!

(And in the movies, a briefcase full of coins doesn't look as good as tightly-bound stacks of twenties.)

The briefcase full of coils would probably be a lot heavier too.


Nobody said we wanted to go to $20 coins.... and nobody fills a briefcase with stacks of ones.
 
2013-01-03 12:45:55 PM  

ArcadianRefugee: So what do they do when they make change? Round?


Yes.
 
2013-01-03 12:49:28 PM  

Flakeloaf: ArcadianRefugee: So what do they do when they make change? Round?

Yes.


Basically, it is the "why aren't you using a farking debit card" penalty.   I mean, other than people who have "cash jobs", like hairdressers, who I know a few and use cash everywhere, there isn't any reason for someone to not have a debit card, and almost everyplace takes a CC now... as far as those "cash job" people, since they are more than likely hiding most of their income from the IRS anyway, they can get screwed a few times on losing a few cents in change.
 
2013-01-03 12:50:03 PM  

rf134a: The sad part is that the penny has become trash to some people. I saw a guy drop a handful of pennies on the ground while leaving the grocery store.

/I wonder how much money is in the garbage dump...


I have a pile of pennies on the side table with my keys. The pile keeps growing as I never spend them. Maybe I should do something about that.

dletter: Canadians seem to be much less hung up on physical money than Americans.

They use dollar coins much more than U.S., and I think they have a $2 coin as well.  They've already given up the penny, and now seem to be ok with ditching the nickel.


We have the $1 coin (a Loonie) and a $2 coin (a Twonie). There was a big fuss when they both came out, but that ended quickly.
 
2013-01-03 12:50:11 PM  
Shouldn't they concentrate on making $100 bills that don't melt in the hot sun first?
 
2013-01-03 12:50:41 PM  

Peter von Nostrand: SnarfVader: Good. Let's give them Nickelback.

/And Celine Dion back too.

They can have whatever Bieber is too

We're keeping Robin Sparkles, though

[userserve-ak.last.fm image 500x500]


She looks like a younger Loreena McKennitt who, incidentally, is also Canadian.
 
2013-01-03 12:53:02 PM  

dletter: Canadians seem to be much less hung up on physical money than Americans.

They use dollar coins much more than U.S., and I think they have a $2 coin as well.  They've already given up the penny, and now seem to be ok with ditching the nickel.

WTF is up with us?  I mean, is it just that all of our old people have that much control over crap?



I agree with you completely. There has been a debate raging on for quite some time about it. And the side that says "drop the penny" has a better argument, I think. I mean, just one REALLY obvious point is that it costs more to make and cirulate the penny than the value of the coin. The metal in the coin is worth more than the face value (this is why they have legislation banning the sale of any US coins for their scrap metal value).

We should also consider losing the $1 and $2 bills. They cost a lot to make, and they last a fraction of the amount of time coins last. Canada did that at least 18 years ago. Last time was there, I didn't see a single bill lower than a $5.

So, if they can do it, why can't we? And don't give me this nonsense with, "people refuse to use the dollar coins." Really? Stop giving them the choice. Seems pretty simple to me.

Speaking of our new dollar coins, I understand what the issue was with the Susan B. Anthony fiasco. That really was stupid. But they solved that problem by making the new coincs completely differen looking, and still managed to maintain the same size and weight. In that case, they did the right thing.
 
2013-01-03 12:54:06 PM  

dletter: BobDeluxe: ITGreen: dletter: Canadians seem to be much less hung up on physical money than Americans.

They use dollar coins much more than U.S., and I think they have a $2 coin as well.  They've already given up the penny, and now seem to be ok with ditching the nickel.

WTF is up with us?  I mean, is it just that all of our old people have that much control over crap?

Sir, I question, nay challenge, your Patriotism!

(And in the movies, a briefcase full of coins doesn't look as good as tightly-bound stacks of twenties.)

The briefcase full of coils would probably be a lot heavier too.

Nobody said we wanted to go to $20 coins.... and nobody fills a briefcase with stacks of ones.


Thanks cap'n obvious.
 
2013-01-03 12:54:07 PM  
So, do you just round up and automatically pay the extra few and soon to be several cents?

/honest question.
 
2013-01-03 12:55:04 PM  
I wish the US would get rid of the penny. But then the Illinois senators and congress people would come out in full stupid about Lincoln. A few years ago I filled up a 5 gallon water bottle with change, most of it was pennies, and I put it in rolls and got about $750 IIRC. Im filling it up again now.
 
2013-01-03 12:55:55 PM  

whyRpeoplesostupid: Huh. 30% of the World's nickle comes from the World's largest nickle mine in Sudbury, Ontario

That's your fun fact for the day


And their solution for resulting pollution that plagued the area for years? Build the tallest smokestack in the western hemisphere...to send it somewhere else.

http://en.wikipedia.org/wiki/Inco_Superstack


"And the boys are gettin stinko
We'll think no more of Inco on a
Sudbury Saturday night "

-Stompin Tom Connors
 
2013-01-03 12:56:43 PM  

Random Anonymous Blackmail: So, do you just round up and automatically pay the extra few and soon to be several cents?

/honest question.


Or down, as the case may be.
 
2013-01-03 12:58:40 PM  
I gotta say, the nickel has to be the most disrespected coin there is when it comes to payment.

Dig out a few pennies? No problem, totally understandable to not get that lump of change back.

Dimes and Quarters? That's cool too.

But take out a nickel or two? The cashier gives you that "oh no you didn't" look.
 
2013-01-03 12:58:56 PM  
 
2013-01-03 12:58:57 PM  

gopher321: whyRpeoplesostupid: Huh. 30% of the World's nickle comes from the World's largest nickle mine in Sudbury, Ontario

That's your fun fact for the day

What the fark is "nickle"?

*reads username*

OK, nevermind


Nickle
 
2013-01-03 01:00:01 PM  

the_sidewinder: Why to get rid of the penny


You might be able to get by without the Penny, Inspector, but you'd better at least keep the Brain.
 
2013-01-03 01:02:42 PM  

Pope Larry II: I have a pile of pennies on the side table with my keys. The pile keeps growing as I never spend them. Maybe I should do something about that.


I think that was part of the problem with the penny. No one ever spends it it just ends up in bottles and piggy banks and jars and change dishes because people get them in their change. So the mint spends a ton of money (and uses a ton of materials) each year to make these pennies that just end up stored somewhere in people's houses.
 
2013-01-03 01:03:21 PM  

SkunkWerks: You might be able to get by without the Penny, Inspector, but you'd better at least keep the Brain.


I'll get you next time, SkunkWerks, next timmme
 
2013-01-03 01:04:16 PM  

dletter: Basically, it is the "why aren't you using a farking debit card" penalty.   I mean, other than people who have "cash jobs", like hairdressers, who I know a few and use cash everywhere, there isn't any reason for someone to not have a debit card


You'd be surprised how many people are unbanked in our society. In the States, anyway, someone who's bounced a few checks will end up in ChexSystems and be unable to get a normal debit card account. Plus the illegal immigrant population who won't come near a bank. There are also the deadbeat parents or whatever who work in cash that doesn't get confiscated.

Go to the Walmart service window on a payday. Hundreds and hundreds of people cashing their checks and buying money orders for the things they have to send 'checks' for.

There are alternatives... even some relatively non-evil alternatives like the Walmart/AMEX 'Bluebird' prepaid card. But, they all take a certain degree of financial attention and savvy that generally escapes people who have been caught up in that trap.
 
2013-01-03 01:04:23 PM  

dletter: Canadians seem to be much less hung up on physical money than Americans.

They use dollar coins much more than U.S., and I think they have a $2 coin as well.  They've already given up the penny, and now seem to be ok with ditching the nickel.

WTF is up with us?  I mean, is it just that all of our old people have that much control over crap?


Canadian's also have debit/credit cards with chip/pin technology. I was in the US last week and paid for something with my credit card. I almost had to do a double take when the cashier asked me to sign the receipt? I mean really, a country that has actually put people on the moon is still dealing with that kind of thing?
 
2013-01-03 01:07:08 PM  

whyRpeoplesostupid: Huh. 30% of the World's nickle comes from the World's largest nickle mine in Sudbury, Ontario

That's your fun fact for the day


img580.imageshack.us
...And we'll think no more of Inco on a Sudbury Saturday night.
 
2013-01-03 01:07:29 PM  

smallerGov: gopher321: whyRpeoplesostupid: Huh. 30% of the World's nickle comes from the World's largest nickle mine in Sudbury, Ontario

That's your fun fact for the day

What the fark is "nickle"?

*reads username*

OK, nevermind

Nickle


Well, I see also that this is disambiguous.
 
2013-01-03 01:08:35 PM  

mechgreg: dletter: Canadians seem to be much less hung up on physical money than Americans.

They use dollar coins much more than U.S., and I think they have a $2 coin as well.  They've already given up the penny, and now seem to be ok with ditching the nickel.

WTF is up with us?  I mean, is it just that all of our old people have that much control over crap?

Canadian's also have debit/credit cards with chip/pin technology. I was in the US last week and paid for something with my credit card. I almost had to do a double take when the cashier asked me to sign the receipt? I mean really, a country that has actually put people on the moon is still dealing with that kind of thing?


We did it with 64kb of ram. Our credit cards machine makers still believe this should be enough for anybody.
 
2013-01-03 01:08:52 PM  

dletter: Flakeloaf: ArcadianRefugee: So what do they do when they make change? Round?

Yes.

Basically, it is the "why aren't you using a farking debit card" penalty.   I mean, other than people who have "cash jobs", like hairdressers, who I know a few and use cash everywhere, there isn't any reason for someone to not have a debit card, and almost everyplace takes a CC now... as far as those "cash job" people, since they are more than likely hiding most of their income from the IRS anyway, they can get screwed a few times on losing a few cents in change.


So they always round "in favor of the establishment"? $5.01 becomes $5.05 and not $5.00?

Heh, that would never fly in the US.
 
2013-01-03 01:09:28 PM  

SnarfVader: Good. Let's give them Nickelback.

/And Celine Dion back too.


And Fitty Cent. Please.
 
2013-01-03 01:10:38 PM  

Random Anonymous Blackmail: So, do you just round up and automatically pay the extra few and soon to be several cents?

/honest question.


You round to the nearest 5 cent. We've been doing that for decades. Well, if we don't count the short period after the Euro started. We had cents then but practically all stores stopped using them.

/Only the Aldi still gives cents in change iirc
 
2013-01-03 01:11:18 PM  
Well, though I live in the US, I can easily see the benefit this is going to have to me.

Less Canadian money for Vending Machine proprietors to spike their machines with is good news to me.
 
2013-01-03 01:13:03 PM  
I one of those people that saves all my change in little tubes. As soon as they filll up, I roll the change up. Then I use, what I consider to be, free money to buy scratch offs or something.

I don't do that with pennies though. I have an enormous water bottle for them. When that fills up a few inches, I take the to TD Bank and cash them into a savings account.
 
2013-01-03 01:15:28 PM  

DerAppie: You round to the nearest 5 cent.


Ah, ok.
 
2013-01-03 01:19:09 PM  

mechgreg: dletter: Canadians seem to be much less hung up on physical money than Americans.

They use dollar coins much more than U.S., and I think they have a $2 coin as well.  They've already given up the penny, and now seem to be ok with ditching the nickel.

WTF is up with us?  I mean, is it just that all of our old people have that much control over crap?

Canadian's also have debit/credit cards with chip/pin technology. I was in the US last week and paid for something with my credit card. I almost had to do a double take when the cashier asked me to sign the receipt? I mean really, a country that has actually put people on the moon is still dealing with that kind of thing?


Signing receipts and CC transactions seems so silly now... I mean, what is it really "proving"?  I have "check for id" written on the back of my Credit card... and if you don't have your CC signed, the person asks you to do that, and then sign your receipt... um ,ok.    I've never heard of a CC company checking a signature and going back to someone and saying "hey, did you really buy this?"  They'll do that based on a number of other things (numerous purchases at stores not near your home area, etc), but, never for an "odd signature".
 
2013-01-03 01:21:08 PM  
www.coinfacts.com

2.bp.blogspot.com
 
2013-01-03 01:21:19 PM  
No need to get rid of the penny, just require retailers to round to the nearest $.05 and let it sort itself out. Or, in Canada's case, the nearest $.10.

I've also thought that all listed prices at retailers should include tax.
 
2013-01-03 01:21:35 PM  

ArcadianRefugee: dletter: Flakeloaf: ArcadianRefugee: So what do they do when they make change? Round?

Yes.

Basically, it is the "why aren't you using a farking debit card" penalty.   I mean, other than people who have "cash jobs", like hairdressers, who I know a few and use cash everywhere, there isn't any reason for someone to not have a debit card, and almost everyplace takes a CC now... as far as those "cash job" people, since they are more than likely hiding most of their income from the IRS anyway, they can get screwed a few times on losing a few cents in change.

So they always round "in favor of the establishment"? $5.01 becomes $5.05 and not $5.00?

Heh, that would never fly in the US.


Nope. Standard rounding. 4 cents or less gets rounded down, 5 and up gets rounded up. Still, the retailer comes out ahead since everything is set to a penny less then what looks bigger. Eg 89.99
 
2013-01-03 01:23:16 PM  

dletter: mechgreg: dletter: Canadians seem to be much less hung up on physical money than Americans.

They use dollar coins much more than U.S., and I think they have a $2 coin as well.  They've already given up the penny, and now seem to be ok with ditching the nickel.

WTF is up with us?  I mean, is it just that all of our old people have that much control over crap?

Canadian's also have debit/credit cards with chip/pin technology. I was in the US last week and paid for something with my credit card. I almost had to do a double take when the cashier asked me to sign the receipt? I mean really, a country that has actually put people on the moon is still dealing with that kind of thing?

Signing receipts and CC transactions seems so silly now... I mean, what is it really "proving"?  I have "check for id" written on the back of my Credit card... and if you don't have your CC signed, the person asks you to do that, and then sign your receipt... um ,ok.    I've never heard of a CC company checking a signature and going back to someone and saying "hey, did you really buy this?"  They'll do that based on a number of other things (numerous purchases at stores not near your home area, etc), but, never for an "odd signature".


My dad used to own a video store in the 90's and he pretty much never kept the credit card receipts. You end up with so many of them and they are a huge pain in the ass to keep and the credit card company doesn't want them. Plus generally if there is fraud the credit card company doesn't really give a crap about the name on the card.
 
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