Good news for Canadian Penny Collectors
Yesterday (July 30, 2012) the Royal Canadian Mint (RCM) announced that their decision to continue distributing the penny until February 4, 2013. The original kill date for the Canadian penny was set for sometime in September of 2012. (Click here: Canada Kills Penny to read the previous post on this issue). This extension allows banks and shops and the general public more time to prepare for this transition. Shops will need to train their employees to be ready to round to the nearest 0 or 5 cents.
This extension also allows penny collectors more time to continue sorting until February 2013. This is just about 6 months away. The pennies death clock has been reset. So take advantage of this, and continue to hoard those coins!!!
Here is a link to the article where I read the news: CBC.ca/Penny-story
