Rounding Change – For or Against?

With Canada’s last one cent coin a thing of the past, February 4, 2013 is set as the date the Royal Canadian Mint is urging businesses to start rounding any cash transactions that involve pennies.

Should businesses begin this practice on that date?  Will cents be scarce in circulation?  I haven’t been able to confirm it, but I have heard that the banks will be sending deposited cents to the mint to assist in the withdrawal from circulation.  How long do you think it will take before pennies go the way of the 50 cent piece?  Will it become difficult to try and spend them?

Feb 4 Cent

There are a lot of questions that go along with the decision the government has made and I would love to hear your thoughts on the subject.

Tecumseh – RCM Commemorative Coin Available

This 25 cent coin is available from the Royal Canadian Mint in packs of 10 at face value and free shipping for a limited time!

From the Royal Canadian Mint’s website: The legendary Shawnee leader Tecumseh is remembered as an Aboriginal visionary, a fearless warrior, and a hero of the War of 1812. Tecumseh’s determination and profound military knowledge made him a crucial British ally. He collaborated with Major-General Sir Isaac Brock, leading hundreds of First Nation warriors alongside British troops to secure American surrender during the historic Battle of Fort Detroit. Tecumseh dedicated his life to fighting for his dream of an independent homeland for his people and paid the ultimate sacrifice when he died in battle on October 5, 1813. He remains one of the most celebrated heroes of the War of 1812, inspiring the imagination of scholars, poets and artists 200 years after his passing.