Penny Canada
Posted in Uncategorized on 05/09/2007 12:47 pm by admin
Penny Canada
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 1857 BANK OF UPPER CANADA ONE PENNY TOKEN  US $41.00
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 Canada 31448 1951 15 cent 3 PENNY BEAVER LOWER RIGHT PLATE BLOCK MNH CV$875 US $6.79
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 1882H Canada Penny US $.99
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 1876 Canada Penny US $.99
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 1902 Canada Large Cent Coin – EXTRA FINE One Canadian Penny 1¢ US $5.99
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It costs 1.4 cents for the US Mint to create 1 penny. Unlike dimes, the very act of creating pennies causes the government to lose money. (Also true with the nickel, which costs about 7 cents to make).
There has been an ongoing debate for years about eliminating the penny altogether. Opponents to the penny suggest going the way of Australia and a few other developed nations around the world, and very likely Canada soon, and have the nickel be the lowest coin value.
Of course, as a penny stock trader, I keep an eye on the situation. I've looked a the numbers, and I've looked at the big change pile in my car's console, and I must say that I am in favor of eliminating the little brown devil any time. There have been several bills introduced that suggest eliminating the penny, although all have been voted down so far.
Of course, that may seem a little weird considering it's coming from a guy who made his entire career revolve around penny stock. So what happens if I tell you to buy ABC Corporation as 23 cents, and sell at 72 cents. What if a stock goes from 1 cent to 2 cents? Does it now stay at 1 cent until it jumps up to 5 cents, a 400% increase?
Overall, it's kind of confusing from the stock market perspective. However, consider that we were fine before 1793, the year the penny was introduced, and we'll certainly be fine without it. Other nations that eliminate the penny suffered no negative effects on their economy or stock market. In fact, each time is was largely a "non-event."
Any argument to preserve the penny could be extrapolated to suggest that we also need half-pennies and fifth-pennies, but most people understand that there would be nothing to gain from fractional pennies (besides headaches).
The fact is that there is almost no benefit from the current penny, whose value has taken a plunge over the last 213 years. Where you could have bought a bushel of apples with a single cent before, now you can only buy... you can buy... um... well nothing really. Except maybe a share of some joke penny stock company that probably isn't even actually worth that amount.
How would it impact your life if the one cent coin was eliminated? Instead of paying 92 cents for a muffin, you'd pay 90 cents. Instead of paying 94 cents for a bag of chips, you'd pay 95 cents.
With the added time you would save not counting pennies, assuming you put a time value on yourself of at least $3 an hour (which you certainly do), then it pays for itself many times over.
Most importantly, think of all the time you'd save not being stuck in line behind the person digging into their change purse, looking for exactly 3 pennies. So, considering the facts and evidence, even I, a penny stock trader, am against keeping the one cent coin around.
As the expert on penny stock trading, Peter Leeds has a following of thousands from all over the world. His publication is the leading penny stock newsletter, and he is well known across America for his knowledge and services.
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Will Penny $4.99 Will Penny |
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Entrepreneurism in Canada : A History of 'Penny Capitalists' $97.45 No Synopsis Available |
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Penny $49.99 Roman Penny - Giclee Print |
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Canada $10 Canada |
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The Penny $24.46 A young girl?s life is transformed when she stops to pick up a penny. Co-author Joyce Meyer is a well-known Christian speaker, and while THE PENNY is a novel, it deals with issues of faith and explores various Christian themes. |
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Womens Penny $39.97 Womens Penny |
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Penny Lancaster $10 Penny Lancaster |
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Penny Trumpets $11.49 Penny Trumpets |
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Bright Penny $3.49 Bright Penny |
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Penny On The Drum $3.49 Penny On The Drum |
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Penny Serenade $9.99 Penny Serenade |
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Penny Sparkle $26.99 Penny Sparkle |
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In for a Penny $11.94 Penny Birch is back, as naughty as ever. In For a Penny continues the story of her outrageous sex life and also the equally rude behavior of her friends. From stories of old-fashioned spankings, through strip-wrestling in backed beans, to a girl with unusual breasts; it's all there. Each scene is described in loving detail, with no holding back and a level of realism that comes from a great deal of practical experience. |
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Penny The $11.68 Rated: NASynopsis: Jack Carter, a former police officer, lost his partner in a shooting 10 years earlier. Little does he know that his past and present lives are about to come crashing together all because of one little penny. When Jack's life intersects with five other people who also come in contact with the same ordinary coin, is God's providence at work, or is it merely a surprising twist of fate? |
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Case Management by Cooper, Penny [Paperback] $137.01 Health care systems are having to adapt to a growing, aging population. This book considers services provided in one home care program and discusses a research project that explores what is working well with current services and proposes changes to the way programs are coordinated in order to enhance service delivery. As the population in Canada ages there is a growing need to explore innovative approaches to delivering health care services in an efficient and cost effective way. The findings of this research project support the need for change and identify specific areas for improvement including: Interdisciplinary teams, Leadership and Colleague Support; Client Centred Care; Changes to Guidelines and the System; and Common Charts. This book will be useful to health care administrators and front line staff as they consider strategies to address the growing and changing needs of an aging population with chronic health issues. Author: Cooper, Penny Binding Type: Paperback Number of Pages: 148 Publication Date: 2011/06/07 Language: English Dimensions: 9.02 x 5.98 x 0.34 inches |
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Penny Black and Penny Red, 1850 $49.99 Penny Black and Penny Red, 1850 - Giclee Print |
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Penny Black $10 Penny Black - Chequerboard |
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Penny Candy $6 Penny Candy - Kidstreet |
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Penny Lane $6 Penny Lane - Vail Johnson |
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Penny Lover $6 Penny Lover - Lionel Richie |
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Penny Singleton $7.99 Penny Singleton - Photo |
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A Penny Saved $21.99 A Penny Saved - T-Shirt |