Bank of Canada: The New $100 Note

Re:Bank of Canada: The New $100 Note by pkulak on Friday June 24, 2011 @07:57PM (#2694424)

Yeah, the penny thing is annoying. 100 years ago a penny was worth about a dime today. At the very least we should make the nickel the smallest unit.

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Re:Bank of Canada: The New $100 Note by warfangle on Friday June 24, 2011 @08:33PM (#2694516)

The weirdest thing about the penny is that it costs more than one cent to manufacture. Given, they last for quite a while.

That's why it's illegal to melt them down, and the US restricts exporting them.

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Re:Bank of Canada: The New $100 Note by rkowalick on Saturday June 25, 2011 @10:06AM (#2695667)

According to Wikipedia:

1982-present US pennies, which weigh 2.5 grams, are 97.5% zinc and 2.5% copper (coated over the zinc) by weight and have a metallurgical value of 64.376% of the face value

So, while the production costs are more than 1 cent, the actual value of the metal inside is still below 1 cent.

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Re:Bank of Canada: The New $100 Note by epochwolf on Friday June 24, 2011 @08:38PM (#2694525)

I think the quarter should be the smallest unit. And phase out dollar bills for coins.

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Re:Bank of Canada: The New $100 Note by fleitz on Friday June 24, 2011 @08:32PM (#2694511)

So what you're saying is that the penny got nickel and dime'd to it's current value?

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