Canada Kills the Penny, and We Should, Too

More

Pennies famously cost more to make than they're worth in the United States, and our neighbors to the north have finally done the obvious: Ban the coin for good. Will the wisdom trickle down south?

Canada has bested America in at least one thing today, ridding itself of what The New Yorker called "horrid and useless" bits of currency, the penny. Our northern neighbors will pull the coinage out of circulation at the end of this year, reports Bloomberg's Jacqueline Thorpe. We were sold on this idea long ago, when Sam Seaborn, Rob Lowe's dreamy character on The West Wing, took up the cause.

The move will be much appreciated in Canada, we presume, where they already have very full change purses from those Loonies and Toonies. Plus, it will save the country money. In Canada, it costs the government 1.6 cents to produce one penny. In our behind-the-times country, by the way, it takes 2.4 cents to make every penny. Come on, America. 

Read the full story at The Atlantic Wire.



Jump to comments

The Atlantic Wire is your authoritative guide to the news and ideas that matter most right now.

Get Today's Top Stories in Your Inbox (preview)


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Miami: The Next Big Start-Up City?

How the city became a center for innovation

Video

Video

A Brief History of Romantic Comedies

From The Atlantic's Chris Orr

Video

Video

Life in 'the New Arctic'

A moving portrait of a fading landscape

Video

Video

The Rise of New York City

A fascinating look at Manhattan in the 1940s

Video

'I Thought It Was Really Funny, but No One Else Did'

A day with New Yorker cartoonist Joe Dator

Video

New Yorkers: The Winemaker

Make your own wine ... in New York City

Video

What Is Methane Hydrate?

"Flaming ice" is a vast natural energy source

Video

NASA's Time-Lapse of the Sun

Now with epic dubstep music

Video

A Video Letter From the Editor

Highlights from the May 2013 issue

Video

Shaken Not Tuned: Cocktail Experiments

Can a tuning fork improve a cocktail?

Video

Video

The Rise of Environmentalism

Tracking 50 years, from the Love Canal disaster to Greenpeace

Video

Is He Cheating? A 1950s Guide

'That little blonde secretary from the office?’

Video

New Yorkers: Vintage Vacuum-Tube Amps

Risking electric shock to restore old amplifiers

Video

The DIY Piano-Bicycle

Everybody needs a hobby

Writers

Up
Down

More in Business

In Focus

2013 National Geographic Traveler Photo Contest

Just In