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Thread: We're pennyless!

  1. #1
    Peatmoss's Avatar
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    We're pennyless!

    Canada has no pennies!

    http://fullcomment.nationalpost.com/...hanging-times/

    They were so stupid!

    *throws jar of pennies out window*
    <Av8tor1> as big as peat is, the bear runs not him

    Big Boss, Founder, and Major Cheese of the Canadian Association for the Cultivation of Carnivorous Plants... Ask if you want to join, I'm the only member...

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    LeafKirby's Avatar
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    Yay?
    Formerly known as WaterKirby.

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    Getting There...
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    Now if only America can follow suit...

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    swords's Avatar
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    What would happen to penny stocks? If they round up to the next 5 cents that's up to a 400% increase and would make their holders millionaires overnight...

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    Hear the Call of Nepenthes carnivoure12's Avatar
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    Pennies will remain in circulation, they just won't mint anymore I believe.
    -Carnivoure12
    →Growlist

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    Formerly known as Pineapple Nepenthesis's Avatar
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    IMO delete the use of the penny and melt the remaining ones down, separate the copper and sell. Especially the ones before the 80s when they were using pure copper.

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    jesse's Avatar
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    Quote Originally Posted by swords View Post
    What would happen to penny stocks? If they round up to the next 5 cents that's up to a 400% increase and would make their holders millionaires overnight...
    Don't worry, here over in Europe we have several countries that have no 1/100 splitting of their currency since dozens of years, because the smaller coins have vanished after some inflation.

    The prices will remain as they are today (accurate to one penny), but on checkout the amount will be rounded.

    Let's say you buy
    1 item at 0,99 = 0,99 ==> You pay 1,00
    2 items at 0,99 = 1,98 ==> You pay 2,00
    3 items at 0,99 = 2,97 ==> You pay 2,95
    4 items at 0,99 = 3,96 ==> You pay 3,95
    5 items at 0,99 = 4,95 ==> You pay 4,95

    If the smallest fraction of local currency is 0,05, then prices below 0,05 in local currency at checkout make no sense and are avoided, so perhaps for penny stocks at a share price of 0,01 there would be a minimum order of 5, 10 or 100, I suppose.

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    Peatmoss's Avatar
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    Yes, we are still allowed to use them. And I think that there are enough in circulation that they will still be common for at least a few years.
    <Av8tor1> as big as peat is, the bear runs not him

    Big Boss, Founder, and Major Cheese of the Canadian Association for the Cultivation of Carnivorous Plants... Ask if you want to join, I'm the only member...

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