Bye bye Penny

Today February 4th 2013, the Canadian Government is finally letting go to the Penny. The Penny is going away because it cost more to produce it that actually the coin's value. 

Now its going to be more confusion when it comes to the old $3.99 price or $15.87—I can see it—when people goes to buy something at the store and they start—what I want to call—'The Penny Fight'.

Stores now will gradually have to adapt their prices to a more rounded 5 cent denomination. There are some rules—not a law—when it comes to rounding up, because we are going to see the pennies in price tags for a time, so its simple; 

$1.01 / $1.02  = Rounds down to $1
$1.06 / $1.07 = Rounds down to $1.05
-----------------------------------------------
$1.03 / $1.04 = Rounds up to $1.05
$1.08 / $1.09 = Rounds up to $1.10

I can predict that store owners will be picking numbers like $0.03, $0.04, $0.08 or$0.09. When it comes to make payments in credit forms, cheques, or any other 'electronic' way, you pay what it is, with the e-penny included.

Many people like me, are stuck with the jar full of pennies that we have been saving for a long time, and now what do we do with it? 

$ MY ADVICE $
Now you got a bunch of historical coins and why not go creative with them. I have seen already jewelry done with the old penny, and why not make a coin picture, a sculpture, a massive paperweight, and many other creative things that you can do. 

Another thing you could do is go to a bank and get some money back while you can. 
Charities are already racing for the pennies left behind and that people might not want, so that's an option to. 

If you are planning to keep them because they are historical objects and might be thinking that tomorrow will have a greater value than today, well, I sincerely don't see you making more than a penny for that penny that you have, not at least 3 generations more when it will be something of the past. 

So you want to make money out of the penny right? 
Today Jan 4, 2013, the value of metal is very high. The secret of making your penny actually have more value is in the copper that it's made of, like $0.015—not certified! Get 2 pennies and that is, $0.03, now you got something! And get $15 with 1000 pennies, not bad, considering that is $5 more than it's actual market value. 

So there you go, now you know what to do with your penny, and how to round up or down when it comes to: "The Penny Fight"! Now let's go a listen to the song Penny lane