Coin has become a nuisance: government
(NEWSER) - The Canadian government has decided to save millions of dollars by pinching the penny out of existence. The Royal Canadian Mint—which makes 25 pennies per Canadian every year, at a cost of 1.5 cents per coin—will stop producing pennies next month, and the government will start withdrawing pennies from circulation this fall, reports the Globe and Mail . The government estimates the move will save it $11 million per year, and save the private sector many millions more in counting and transportation costs. More»
