No more pennies
- Thread starter bcneil
- Start date
Actually there have been studies which indicate that non conventional pricing gets the best results. For example a label of $2.97 would attract more buyers than a label of $2.95 or $2.99.
heh heh, it means a brinks truck got smoked by a semi-trailer, spilling a very large volume of loonies and toonies all over the road
Holy shit...that's funny...thanks!heh heh, it means a brinks truck got smoked by a semi-trailer, spilling a very large volume of loonies and toonies all over the road
You have the concept wrong, this is why lots of people figure it means their grocery bills will be hundreds of dollar more each year.
Pennies are still legal tender and they will continue to be until the Royal Canadian Mint rounds up the billions of them that are in circulation....and by circulation I mean the ones that are in rolls in bank vaults to the ones that are in the tills of business establishments and for the most part the pennies that are in large containers such as plant pots/texas mickey's that the average person puts them in everyday when they get home and empty their pockets of change....until ALL of those pennies have been collected to a singular source and melted down into copper bricks the penny will still be a part of the Canadian monetary system and will be legal tender.What happened today was that Government of Canada declared that the penny would no longer be produced by the Royal Canadian Mint as it cost 1.6 pennies to make a penny and at the same time introduced the rounding up/down policy....this of course will most likely cause the desired effect of people getting rid of their pennies accumulated in large containers and thusly speed up the process.
On a side note....when I get stuck behind anybody that counts out exact change when paying for something down to the penny I get a massive desire to punch them in the back of the head for wasting my time.
I can see this happening eventually and when it does I will be in a quandry....like most guys I keep a "change bucket" where I deposit my change when I get home at the end of the day...twoonies/loonies/quarters....EVERYTHING....and when that cantainer gets filled up I cash it in for folding money.....this largesse is typically in the $600-$800 range though I did have one for $1200 once....this behaviour is a guy thing IMO....most women do not do this as they carry a purse which contains their wallet that has a zippered/snap-click change enclosure that they use....a guy carries a wallet that holds 2 things...CASH & CARDS..I sometimes acumulate a small number of $5 bills in the course of a day and if they were in coin form I would be faced with 2 choices....chuck them in the bucket which would thusly increase the largess upon cash in or keeping them in my pocket.....I will cross that bridge when I have to.
With regards to the "change bucket"...well it is a nasty filthy time consuming thing to sort out and roll up say $800 worth of change....you end up with a sore back and aching fingers and your hands end up dirtier than a cole miner...the nest option is the change sorting/intake machine at places like Canadian Tire that does it for you but skims you for 14%....and then there is the best option...Bank Of Montreal has the change sorting/intake machines at select branches that is free of charge and you dont even need to have an account with them....pour in the change and get cash in say 10 minutes.
SR
Got to read it all dear. The Brinks truck was the first to crash, the third truck to hit was carrying the candy.Why would a Brinks truck be carrying candy??
"Workers clean up after a crash near Kirkland Lake, Ont., Wednesday, March 28, 2012. Millions of dollars in coins and a shipment of candy were scattered across the highway Wednesday following the crash of a Brinks tractor-trailer that seriously injured two people."
http://ca.news.yahoo.com/photos/bri...8-2012-millions-of-doll-photo-1333029243.html
Don't most people use plastic anyway? So it won't really matter if the grocery bill ends up at 52.96...interac or visa will take care of it!
You're welcome. Us old geezers have more time on our hands to follow up on stuff like this, not like you young un's always on the go.
14..not quite old as dirt..................
I scored a perfect 20 out of 20!
16...
dang, they didn't have half this stuff on the ranch. heck sonny, i remember takin' a dump in an outhouse - at 30 below! women folks got to use them 'chamber pots', but us young un's were too dang stinky so it was the outhouse fer us!
dang, they didn't have half this stuff on the ranch. heck sonny, i remember takin' a dump in an outhouse - at 30 below! women folks got to use them 'chamber pots', but us young un's were too dang stinky so it was the outhouse fer us!
Old fart, I got so many wrong that you make me feel young again. LOL.
BTW, does anyone know how to get rid of those S & H stamps? Redeem, or recycle?
............don't know about that, but it seems they decay at the same rate.............
...........now if other parts of your body could be trained to automatically go there.........................:eyebrows:
i thought it was guy's brains that got stupid in the presence of pretty women...
What I think is dumb about it is that if you pay cash, it rounds up or down but it is still the exact amount using debit or credit. You can't have two tiered pricing. I say if the price ends in two or less round down to zero, 3 or 4, up to five 6 or 7 down to 5, and 8 or 9 up to zero.
There would literally be outrage by most senior citizens. For some reason they are really against this.
Most of it, is simply not understanding math. In other countries that have done this it makes no difference in prices over the long term.
I'm for getting rid of all the coins except the quarter and loonie. Then having bills for 5, 25, 100, 500. There is a reason casinos usually dont have 1,2,5,10,20,50,100...
Getting rid of the nickel and dime, would not actually make that big a difference over a year. Actually even getting rid of the quarter so the smallest unit money we have in a dollar. It still would not really effect you in the long run.
