In an announcement that wasn’t too much of a surprise, considering the debate that has been surrounding it for the last few years, the Canadian government announced that it will be no longer minting pennies, starting this autumn. The move is meant to save money, and help prevent losses in the economy due to the hassles that come with using pennies.
The penny is being phased out, and that means that some are considering what to do with their pennies. However, pennies will still be legal tender, so you can use them. Here are some ideas for what to do with your pennies:
- Turn them all in at the bank, looking for more practical bills.
- Hoard the older pennies, since they still have a larger percentage of copper. Some day, they might not be legal tender, and they could be worth a great deal.
- Spread them around to children in treasure hunts.
- Donate them to charity. Many charities hope that people will choose to give their pennies away.
- Use the pennies in crafts. Make pendants, and other crafts, using your pennies.
- Use them for markers in children’s games.
- Build a penny tower. See how high you can make it.
- Use them to help children learn how to count, and learn about money.
- Leave them as tips for servers (but watch out — sometimes that can be construed as an insult).
Finally, you can also use them Toronto city council meetings to show your appreciation for those who show up to illustrate their professions. Just be careful with your aim.
What will you do with all your useless pennies?