CLOSE

On Canada's No-More-Pennies Policy

We've covered the problems with pennies before. In exciting news for the anti-penny lobby, the good people of Canada formally decided to abolish the penny by stopping production, joining a growing list of countries doing away with this ultra-low-denomination coin. Existing pennies will still be accepted for purchases but the supply of pennies in the economy will slowly decline, as the Royal Canadian Mint will take pennies in and melt them down. This is generally considered a good cost-saving measure, not least because minting a penny in Canada currently costs something like 1.6 cents.

In this video, the internet's favorite explainer C.G.P. Grey walks us through how it works:

And in case you haven't seen them, here are two relevant videos from penny debates past, including one by former Mental Floss blogger John Green -- who also hates nickels:

If you like money-related trivia, check out: What the Original $1 Bill Looked Like; Symbolism and the $1 Bill; and 10 U.S. Coins You Won’t Find in Your Pockets. Now, let the penny-loving/hating comments commence!

nextArticle.image_alt|e
arrow
video
What Koalas and Humans Have in Common
5664632945001

There's something strange about koala fingerprints. Read more bizarre koala facts here.

nextArticle.image_alt|e
iStock
arrow
language
How to Say Merry Christmas in 26 Different Languages
iStock
iStock

“Merry Christmas” is a special greeting in English, since it’s the only occasion we say “merry” instead of “happy.” How do other languages spread yuletide cheer? Ampersand Travel asked people all over the world to send in videos of themselves wishing people a “Merry Christmas” in their own language, and while the audio quality is not first-rate, it’s a fun holiday-themed language lesson.

Feel free to surprise your friends and family this year with your new repertoire of foreign-language greetings.

SECTIONS

arrow
LIVE SMARTER
More from mental floss studios