A (Canadian) penny for your thoughts
An interesting article from our friends north of the border about the future of the Canadian cent. With the US and Canadian dollars near parity, much of the article is applicable to our situation. Lots of interesting info, but particularly impressive is the fact that the cent is only worth 1/20 of its value in 1908; in a little over a century, the coin has lost 95% of its purchasing power. In 2011, that’s equivalent to the smallest coin in circulation being worth 20 cents.
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