Canada Gets Rid of the Penny (Huzzah!)

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Here's my previous video on pennies • Death to Pennies & also John's rant on the topic: • I HATE PENNIES!!!! (Al... Help me make videos faster: blog.cgpgrey.com/work-in-progr...
Canadian MP Pat Martin (patmartin.ndp.ca/) said it best: "There's 30 billion pennies in circulation and every year they were minting a billion more. It was just a no-brainer, slam dunk, that it's a place where we could save some money. They cost more to produce than they are worth, nobody likes them, they have no commercial value."
You can read the details about Canada's plan to withdraw the Penny from circulation here: www.budget.gc.ca/2012/themes/t...
If you're a super geek there is an interesting report about the inefficiencies in the economy caused by the Canadian penny here: www.desjardins.com/en/a_propos... An interesting bit is the following:
"In truth, the 'artificial' demand for small-denomination coins is rising primarily because merchants and financial institutions have to constantly add new coins to the retail distribution system due to a shortage caused not by commercial or economic factors but rather by the fact that consumers do not put their small-denomination coins back into circulation. The hoarded coins do not circulate and are not used for any productive purposes. Moreover, most people cannot be bothered to take the time to count, roll and deposit these coins so that financial institutions can put them back into circulation, no doubt because over the years, the Canadian standard of living has continued to rise, eroding the purchasing power of these coins. If nothing changes, this situation will only be exacerbated in the coming years and decades."
I wanted to have a hidden link on 'Vancouver' in the beginning to this video: vimeo.com/7764570 but RU-vid won't allow off-site links. Go check it out.
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1 апр 2012

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Комментарии : 5 тыс.

@247Checkmate 5 лет назад

OK - so - 7 years later, here's the update from a Canadian. Ready? Prices are exactly the same. They haven't gone up at all due to penny rounding because that simply isn't a thing. Let's ignore the affect of sales tax, which adds a weird percentage regardless and assume everything was .99. If I buy one of those things, I pay an extra penny. But guess what happens when I buy 3 things? The total comes to 2.97... so I pay $2.95. In other words, I just SAVED two cents. The rounding only happens on the total, not on each item. How often do you go to a store to buy just one thing, anyway? It all just works out in the end. Sometimes I gain a penny or two, sometimes I lose a penny or two. Over the course of multiple transactions, it's exactly the same. Get rid of pennies. My pockets are lighter, and no one really complains. Thank us later.

@millardfillmore2869 3 года назад

Jeff Chatterton nice

@fernandosolito1565 3 года назад

Huh

@TheEDFLegacy 3 года назад

8 years later, still loving not having pennies. Keeping the ones I have as collector items and marking tokens, but otherwise a worthwhile endeavour. Of course I'll likely find a lot of AMERICAN pennies coming up here from time to time.

@pyrosorus9880 3 года назад

Its been long enough without pennys now that in the video i saw the first penny in like 5 years

@vinaythakur4742 3 года назад

@@pyrosorus9880 wow.... I think it will be the norm in Canada of not seeing pennies for years

@Twelvecarpileup 7 лет назад

I just had a weird incident while visiting America. First transaction at a store grabbing a coke, total came to something like $0.76, handed the clerk three quarters and they asked if I had a penny. I looked at them and calmly said, "I believe you're confused, pennies no longer exist". They gave me an odd look and shrugged, taking the three quarters. Got in the car and realized I must of seemed really weird...

@chriscastle1629 7 лет назад

lol yeah they still exist here, and as people are trained at stores you're obviously meant to recieve the full 76 cents, but if you don't have that penny most places aren't going to not let you buy it because of the 1 cent. One time I had a total that was some amount of money and 1 cent, and instead of giving me the 99 cents change they just gave me an extra dollar.

@Peacewind152 7 лет назад

THAT is gold!

@theblueadventurer615 7 лет назад

I guess they need a "leave a penny, take a penny" tray.

@theblueadventurer615 7 лет назад

Christopher Castle many people are lenient about it. if you say you're missing the extra coin they'll let you take it.

@kevinchiem4061 7 лет назад

a lot of places here either excuse the penny, or have a penny tray where you can steal a penny. Some workers will hassle you over that worthless increment of currency, though.

@theberkanian5927 3 года назад

Fun fact, the Royal Canadian Mint is in my home city Winnipeg and the Mint prints coins for countries around the world

@e_reaperx9966 3 года назад

I live in Fargo and we were planning ongoing to Winnipeg is it nice?

@sponTheGam 3 года назад

Hello fellow Canadian.

@japer6455 3 года назад

Hi I’m from Nova Scotia

@japer6455 3 года назад

Canada is awesome

@nickisme1236 3 года назад

Go Winnipeg, wooooo

@JanetStarChild 8 лет назад

I laughed pretty hard at the image where Canada says "It's good for you.", and USA replies "Never!". It's so funny because it's so true. It sums up those countries perfectly.

@mithrandir4288 8 лет назад

its the same thing with free health care.

@erickpeculiar823 8 лет назад

Same!!!😂😂😂😂😂💀

@MrIzzy5466 7 лет назад

+Mithrandir 42 And military style guns

@vincentmadgin8370 7 лет назад

JanetFunkYeah yep

@fphelton198340 7 лет назад

Hey there are two types of countries in the world. Those that use the metric system and those who sent a man to the moon! 'mercia! 😂😂

@ewan.cartwright 10 лет назад

I think coin collectors will be even happier because now their pennies are collectors items. (probably worth *more* than the amount of metal they're made of.)

@dellorttoguoy4060 6 лет назад

thought the same thing

@thesuomi8550 5 лет назад

Yeah if most of the pennies are returned but otherwise no

@KRABPXL 5 лет назад

TheRecreator can confirm as one myself lol

@jashanraj5652 5 лет назад

Coin collectors like collecting

@regnij01 5 лет назад

Being a collector myself, I think it will haves it's ups and downs. Most of the American circulating coins with special designs for events will be eliminated. If you know what I mean with 2009 pennies

@PinkyThumb 10 лет назад

being a citizen of canada, iv'e honestly seen no real difference. pennies have slowly left us and since the begining of 2014 i havn't seen a single one yet.

@holasoydora428 6 лет назад

CraftCakes For some reason A LOT are here in USA, and I live in the Southern USA

@afkasdfFEWFHLGF 6 лет назад

this happend in 2012....

@ryanxin1848 5 лет назад

I have a penny in my piggy bank and I'm never spending it

@jocaleb0236 5 лет назад

¡Un Gato! They’ve migrated like those damn geese that don’t realize Maine isn’t Canada

@jeffbenton6183 5 лет назад

@@holasoydora428 I'm in Southern California, and just found a Canadian penny a few months ago.

@frostycreeper1055 8 лет назад

Why does the Canadian penny making machine use an on-off switch designed by Steve Jobs?

@psdnmstr4609 8 лет назад

because the pennies are overpriced.

@frostycreeper1055 8 лет назад

The Major Miner oh

@amab2977 7 лет назад

hahahahaahahhahahaha

@frostycreeper1055 7 лет назад

shooter77 77 I swear I've seen you before

@amab2977 7 лет назад

FrostyCreeper10 where?

@murp7998 7 лет назад

Mr crabs won't like this

@WoodstockProd 7 лет назад

Murpy actually, seeing as how you have to round this to the nearest five, he may just be in favor of this

@madisonalonso5165 7 лет назад

But he might loose money too.

@WoodstockProd 7 лет назад

Madsss Madsss if your total comes out to 12.99, the nearest number divided by five is 13.00

@madisonalonso5165 7 лет назад

okay but if your total comes out to for example, 12.39 because of tax then he'd have to pay 12.40. In some cases, yes he'd be in favor of it, but in other cases (such as mine) he'd be spending more.

@lavaman892jr 6 лет назад

Madsss But mr. crabs doesn’t pay tax

@mattjohnston2 9 лет назад

I hope I'm not the only one to notice that you drew Spock on our 5 dollar bill...

@bucca2 9 лет назад

I instantly noticed it and was like…has nobody else noticed this? Then I realized this is technically an American video and they don't know what Canadian dollars look like.

@99hourvideos 9 лет назад

I remember people would draw Spock onto that $5 bank note just cause it looked so good. I saw a few in circulation!

@itsyehippohd8312 4 года назад

@@kurthutchison1779 who is also the queen of CANADA

@jaredisley-oliver389 4 года назад

It was a common trend at the time and the Mint actually made a public address to make it stop as to many bills where being defaced. (and technically void at the point)

@daegan_ftw Год назад

@@jaredisley-oliver389 The reverse happened when Leonard Nimoy died and the mint put out a tutorial on how to Spock your fives.

@god6210 4 года назад

I remember in Kindergarten when my teacher told us that they weren’t going to make pennies in a few years and I was so sad 😂

@MrHat. 4 года назад

Oh how silly kids are

@MsZsc 3 года назад

Cant put copper in your mouth anymore

@pinkajou656 3 года назад

Me too!!

@mackavelly 2 года назад

wtf are you 14 or something

@diegosanchez894 8 лет назад

Since no one has done yet I will... Looks like at least the Canadians have some...... ...wait for it... ....common cents!

@EightThreeEight 8 лет назад

Badum tish.

@XavianBrightly 8 лет назад

well their cents are getting less and less common as the gov keeps melting them down.

@YukitsuTimes 7 лет назад

Your bad Canadian monetary puns are making me go loonie.

@scotiabricks 7 лет назад

There are toon-many coin puns in this comment section

@duxlyne 7 лет назад

Diego Sanchez SOLITARY QUARTERS, ALL OF YOU

@Doogie769 8 лет назад

This is an OUTRAGE!!!Now I gotta put more quality to my you tube comments because obviously my 2 cents is no good here.

@thecaptain6148 8 лет назад

+Johnny Jaruwan (Double J) Ayy

@ProfessorSyndicateFranklai 8 лет назад

+Johnny Jaruwan (Double J) Now it has to be your two nickels.

@Doogie769 8 лет назад

Professor Syndicate My comments aren't so rich for that tax hike.lol

@ProfessorSyndicateFranklai 8 лет назад

Too bad, the tax man wants his nickels, and as long as inflation occurs, you will pay more taxes.

@lentlemenproductions770 8 лет назад

Don't worry we're rounding so now it's your 0 cents, hurrah?

@Neyobe 3 года назад

I AM A CANADIAN AND I CANNOT BELIEVE THIS WAS 8 WHOLE YEARS AGO. I LITERALLY REMEMBER AS A 6 YEAR OLD USING THEM EVERYDAY

@brandonboogers 9 лет назад

I think the US should do what they did with the $2 bill to the penny, only make small amounts for novelty reasons

@nutellaeatingpanda 6 лет назад

Anal Avocado If we get rid of our 1$ bill what will George Washington be on? Maybe we could replace Benny Franks with Georgy.

@dreconit6156 6 лет назад

Nutella: He said "2$ bill"

@poofbomb-minecraftmore1883 6 лет назад

wait, those exist? WHAT PRESIDENT IS ON IT?

@dreconit6156 6 лет назад

Poofbomb: Thomas Jefferson I think

@argonauts56au1kera6 6 лет назад

nutella eating panda , on the quarter .

@djweebo 5 лет назад

"Reasons to like Canada: Vancouver" From a Vancouverite, love you man :)

@toastedfox8140 7 лет назад

my little brother has a jar with about 200 fucking pennies so when he saw this video he didn't under stand the video and he was non stop crying about how the Canadian government was taking his ''hard earned'' money

@Sanicasaurus 7 лет назад

and then you realize that 200 pennies is only 2 dollars

@toastedfox8140 7 лет назад

he is kinda an idiot my brother

@joelights6476 7 лет назад

That's adorable. I really hope he's 4.

@truboo4268 7 лет назад

Or a conservative.

@chistinelane 6 лет назад

You need to be a better brother

@zcmini000 3 года назад

Canadian here, 8 years later... Unfortunately this video is inaccurate. Getting rid of the penny lead to massive price increases and hyperinflation. The Canadian dollar is now worth 2% of what it was in 2012, the greatest economic collapse since The Great Depression. Unemployment skyrocketed, poverty and homelessness is at unimaginable levels. I'm watching this video on a Windows 95 desktop in my local library, during the 2 hour per day where my city gets electricity. But actually though - nothing changed and I pretty much forgot that pennies ever existed until I saw this video pop up in my recommendations. Who pays with cash anyway?

@nicoruppert4207 3 года назад

@Boris Manchev that is BAD

@hfar_in_the_sky 3 года назад

At least you all get to wear cool leather outfits and do your hair up in brightly colored mohawks

@andriod1622 3 года назад

bullshit..that didn't happened. Price is exactly the same.

@timpudge5816 3 года назад

what type of city gets 2 hours of electricity a day? thats just bullcrap if you ask me

@evantanuwidjaja8017 3 года назад

@Miranda Zhang Yes, he was just trying to gain attention

@MrJoeyWheeler 9 лет назад

I love inefficiency! Nobody takes away my pennies, VHS tapes and CD drives!

@scottkrafft6830 4 года назад

Yo, I come from the future (2019) and I still use all those things cuz I'm broke as a joke. Pennies add up, and can't afford Netflix or a smart TV so... yeah.

@Kriae 3 года назад

muh freedom

@achowdhury47 3 года назад

CD drive is inefficient? Audio quality of music CDs is much better than mp3s. But you won't be able to notice this unless you have good audio hardware.

@theuserjoan 3 года назад

MP3s are actually crazy efficient, who needs a membership on an app to get music that you could put on an MP3 player for free?

@anonymouscausewhynot 3 года назад

I like CDs because they’re nostalgic and I have a dozen million I don’t just want to put to waste though!

@Cobalt360Degrees 7 лет назад

It's now been YEARS since we got rid of it, and I cannot believe America hasn't done it yet. It's great. Fucking do it already. xD

@emranismail4875 7 лет назад

OMG I wish we could get rid of our useless pennies. I hate them so much!!! I also wish we could get rid of our $1 dollar bill for the $1 dollar coin.

@snowstorm9818 7 лет назад

From practically the beginning of the US, in the 1780s, dollar coins actually have been a thing. However, after we moved on from commodity money, dollar coins were constantly ignored by people. The government actually tried to boost their popularity several times with programs like the presidential dollar coins, but they just didn't catch on after a little over 200 years. It was only in 2011 that the US finally stopped minting dollar coins, because they were just that unpopular, so unlike with the penny, it's not just the government was being inefficient. If you really want dollar coins that much though, they went out of circulation recently enough that you can probably still go to a local bank and get a bunch of rolls.

@emranismail4875 7 лет назад

Snow Storm they will make more dollar coins based off native Americana in 2017. I just hope they get rid of dollar bill and replace it will the dollar coins. Both Republicans and Democrats are looking for ways to save money( without raising taxes or cut spending)

@snowstorm9818 7 лет назад

Emran Ismail There's nothing really wrong with the dollar bill though; dollar coins will always exist but the fact is that many people, especially men, don't have anywhere in their wallet to put coins, and it's much more convenient to just use several bills for something, so if you're paying 26 dollars, you can pull out a 20, a 5, and a 1, rather than having to pull out 2 bills and then fish around in your coin pouch to find the one coin that looks basically like all the others. Coins are more durable, but for wallet organization bills also have their upsides.

@emranismail4875 7 лет назад

Snow Storm well that's terrible excuse because men in Canada, UK, Europe, Australia and new Zealand. All use dollars coins( 1 and 2 dollar coins) no different than women of those same countries

@warrcoww6717 3 года назад

The sign at my local Wawa: “Because of a coin shortage throughout the U.S. prices will be rounded to the nearest 25 cents” Thank god, let’s hope it stays that way

@thatwavyblackguy 9 лет назад

Omg guys there were approximately 3 DOLLARS in that jar and he mentioned that the penny supply would decrease in a HALF-LIFE curve! HALF-LIFE 3 CONFIRMED!!!!!!!

@Miranox2 9 лет назад

No.

@lol48639 9 лет назад

@MUSTASCH1O 9 лет назад

Not seen one of those in a while haha.

@LPyourplay 9 лет назад

Lol

@100billionsubscriberswithn4 9 лет назад

hahahahaha :)

@veilside33 9 лет назад

Here in Australia the 5 cent coin is totally useless. Most vending machines, parking ticket machines won't even accept them anymore. 1 cent coins would be beyond ridiculous. I'm glad we got rid of them many years ago. 1c, 2c round down, 3c, 4c round up, it all evens out in the long run.

@Roxor128 9 лет назад

Time for us to follow the lead of New Zealand and scrap the five-cent coin, then.

@motanelustelistu 9 лет назад

veilside33 1,2 up,3,4 down ? What's that ? It's simple : Everything under 5 is rounded down,everything above rounded up.What's that hard ? Also,having 1.5 , 2 (whatever currencie) is better than having 1 , 5 and 10 cents coins,i consider.

@veilside33 9 лет назад

motanelustelistu That would be if you were using 10 cent coins as the lowest form of currency. We're talking about 5 cent coins here.

@motanelustelistu 9 лет назад

veilside33 I know.

@MrGoatflakes 9 лет назад

I realised something interesting about the history of the dollar other day: 1 £ = 20 s; 1s = 20d 1 t lb = 12 t oz BUT the original value of of the US dollar was set to $20/1 t oz gold. SO if you made shillings and pence out of a troy pound of gold, you would have exactly $1US = 1 gold pence. Many countries used the £:s:d ratios of 1:20:12, but usually based on a livre (troy pound) of silver, not gold. It originated in Imperial Rome It was reintroduced by Charlemagne for his (Frankish) "Holy Roman Empire",as librae(£), solidi(s) and denarii(d) whence it made its way into many countries, including England. But the same 240th of troy pound for the dollar but in gold intrigues me :p

@qwertz4982 3 года назад

I was shocked to realize this happened 8 years ago, I remembered it like it was yesterday, I still have a jar of pennies from when they were abolished. time really flies doesn't it

@kauske 4 года назад

Has it really been 8 years since we ditched those things? Jeeze, I haven't even thought about them since it was first announced.

@JavnaGolina 10 лет назад

here in New Zealand we have a similar system but the smallest physical currency is NZ 10c (equal to 6.1 Euro cents or 8.3 US cents)

@PerMejdal 10 лет назад

In Denmark the smallest coin is equal to 0,067€ or 0,090$.

@sweetlorikeet 10 лет назад

In Australia the smallest coin is 5c, which works pretty well for our round-to-the-nearest-5-cent system.

@sweetlorikeet 10 лет назад

Enough things are priced with an exact 5c difference that I'm fine with them, I find that I can still use them as currency efficiently.

@ashleyl8619 9 лет назад

All the idiots in the comments who are saying that you lose money over time obviously don't live in Canada or anywhere else without the penny and don't actually know how the rounding works. You don't lose money! Sometimes it's rounded up and sometimes it's rounded down but it all evens out in the end.

@TheTundraTerror 9 лет назад

Not only that, but if you use debit cards (like almost every already does), then it doesn't even matter.

@PatriotForThePlanet 9 лет назад

Or, if we did as the Danes do on many things, and just set the tag price to include tax, you don't even have to worry about this because everything neatly adds up to increments of 5 and the retailer deals with the tax math.

@my3dviews 6 лет назад

+Sparka J who pays $200 per year in fees? My credit card has zero fees. I pay it off before the due date and pay no interest either. My bank account has zero fees too. Not only that, I get one percent back in points for using my credit card.

@perjutsu2936 8 лет назад

Has it already been three years? Wow.

@rileyjensen5257 8 лет назад

I know right

@levi799 8 лет назад

+Percy Uchiha Closer to 4 years actually :O

@CoolieCoolster 8 лет назад

+Percy Uchiha Time passes by too fast...

@doomedbringer 8 лет назад

ya i missed all the riots and chaos that would erupt from ditching the penny, you guys see any of it?

@Traindriver321 7 лет назад

four years bruh,

@darrenanimatic9675 5 лет назад

0:14 thank u CGP For saying "Go Canada!". Like to praise my awesome homeland

@GSF1935 3 года назад

I am a Canadian too

@raticusfinch 10 лет назад

I'm Canadian and 13 years old and I'm saving my pennies so when I'll be older and pennies will be almost extinct I can sell them and MAYBE make a profit hahaha

@poofbomb-minecraftmore1883 6 лет назад

now you're sixteen, how have you been?

@yugalchandrakar5575 6 лет назад

This kiddo uses his brain unlike other teens.

@annaanna6580 6 лет назад

Avril Pundzius or pass them down to your children ,to your grandchildren then the price will keep going up until someone in your family has a lot of money to pay but doesn't have it,they can sell they pennies,And maybe even make a fortune out of it!

@yirenchen6384 6 лет назад

But in the end if pennies are no longer legal tender, they will be worth nothing, unless you find a really stupid collector.

@norika2965 5 лет назад

AnonyMoose probably hell hahahahaha Sigh.....

@Xsinthis 10 лет назад

Is that Spock on our $5?

@DembaiVT 5 лет назад

Laurier. But yes. Also Spock.

@jeffkwan4210 7 лет назад

Essentially, two cents are not worth your two cents.

@VerboseMinimalist 8 лет назад

The "Inefficiency Fan" stick figure made me laugh for longer than the length of this video. Well done, sir!

@MrBrendanRizzo 10 лет назад

The very fact that this is the logical thing to do means that the USA will never do it.

@SuperFabulicious 10 лет назад

USA! USA! US.... oh..

@minicrafter8401 10 лет назад

Yep. Pretty much the same thing with the metric system. It might be a bit harder but we can slowly transfer over and there would be no problem.

@jakkco 5 лет назад

CORRECT WE DO NOT DO ANNNNNYYYYYYYYYTTTTTTTTTHHHHHHHHIIIIIIINNNNNNNNGGGGGGGG LOGICAL

@andrewmurray9701 5 лет назад

Well every now and again we do something small but whenever the government is about to do something too logical we all have this alarm in our houses that goes off. We then precede to protest that desicion until we stop it. And let's not get started on what happens with the government if we the people are about to do something rational.

@the.abhiram.r 5 лет назад

The United States, the second most confusing country ever...

@nikkilee3840 9 лет назад

Wow. I am an American who found a 2011 Canadian penny a few months ago and kept it because I found it super super special. I should pollish it up because it will be worth A LOT someday C:

@emvandermeulen1908 9 лет назад

They stopped making pennies in 2012.

@nikkilee3840 9 лет назад

Dammit. Off by one year :(

@mattbenz99 9 лет назад

I have dozens of those in this room that I am never going to spend because they are worthless. Pennies will not become valuable anytime within our lifetimes because they will be so common for so long simply because of the sheer number of them that were made and the fact that nobody spent them and instead just left them lying around the house.

@ShimoGames 9 лет назад

YEAH! They'll probably be worth TWO cents by the time you're dead! But seriously, I'm a Canadian and I find the worthless things EVERYWHERE!

@Junokaii 9 лет назад

I kept around $4 of them. Just for collecting

@Mariocraft97 3 года назад

I love how the US still holds their penny with an iron grip, while the lowest Norwegian legal tender is the 1kr coin, equivalent to 11 cents. (As of 14/09-20) Back in 2012 (!) Norway decided that the 0.5Kr coin (5.5cent) just wasn't worth our time anymore. 2020 US is still lovi'n their penny while we have abolished essentially our nickel-equivalent a long time ago. Oooh how oddly the world works.

@SomethingSpecial. 3 года назад

Iron grip? Everyone I know literally throws pennies out or doesn't bother to take change with them. There's bigger fish to fry for us than coin minting.

@janNowa 5 лет назад

Jesus this video is 7 years old already? I feel ancient.

@swedneck 8 лет назад

When sweden got rid of the 50 öre coin (basically 50 cents in all but actual value) literally nothing happened except cash being easier to handle, those fuckers would get stuck in every little corner that exists. Also sweden is going to get new money this and next year, hooray for the 2 crown coin!

@israellai 8 лет назад

Aww I'll be gone from Sweden when the 2 crown comes into play :( but meanwhile I suppose I can enjoy the fun 200kr note. (haven't gotten one yet tho, the only new note I've got is a 50kr one.)

@swedneck 8 лет назад

Israel Lai Well the 50kr note is just redesigned, which i really dislike. I'd prefered of they just stuck with the motifs and changed the colors/palettes.

@israellai 8 лет назад

Tim Stahel I'll miss Jenny Lind :(

@MsKaty1997 8 лет назад

+Tim Stahel (Moustached Viking) 1kr was like 10 euro cents right?

@vallraffs 8 лет назад

+ItsTurtleYTP *11*

@ericfleury1039 3 года назад

The U.S. hasn't even switched to the superior metric system, they'll never agree to get rid of the penny!

@hamanakohamaneko7028 3 года назад

Meanwhile in Philippines: a new coin worth US$0.00000000000000001. Seriously, 1 peso is worth 2 US cents, so the smallest coin was 0.05 pesos, but for some reason they revived the 0.01.

@whitherwhence 7 лет назад

lsrael has gotten rid of her lowest-worth coin not once, but twice. The Agora and the five Agorot. There also is a law that prices must have a round number of Agorot, so the rounding up or down thing is gone, and most products end with a .90.

@PHATB0Y20 10 лет назад

01:06 shout out to prime minister spock

@Tangly 9 лет назад

Nathan Fillion on your reasons to like Canada list. A+

@teddys4062 5 лет назад

Woo been waiting for a moment like this! *opens stash of Canadian pennies*

@Lardum 6 лет назад

Hey! Grey. How do you feel about Denmark getting rid of the .01, .05, .10, .25 and possibly in the future the .50 coins

@VanBurenOfficial 10 лет назад

Nah nah nah, bring back the half penny!

@empmachine 10 лет назад

then you can pay for it

@nachos908283 10 лет назад

2 dollar bills also seem quite important...

@VanBurenOfficial 10 лет назад

SnoWidget Damn right

@nachos908283 10 лет назад

***** That sounds like a pretty good idea but we've yet to manage to kill off the penny, the nickle and dime are also pretty useless IMO. Most items are always going to be either going to have .50 or .99, rarely is it ever something like 1.20 or 1.60...

@VanBurenOfficial 10 лет назад

***** Seriously though, I agree, 2 dollar bills make a lot of sense.

@FuzzyLittleBastard 9 лет назад

The fuck in a "tin bit" It looks delish

@EyeOfArgus 9 лет назад

***** timbit, a delicious donut thing in tim hortons

@-1f 6 лет назад

mini donuts; the excess dough in a donut when making a hole.

@ginger-beck6325 6 лет назад

Tim bits are donut holes. They are very delicious.

@chirkotelhin1806 6 лет назад

A below average donut hole

@randomboi8218 6 лет назад

FuzzyLittleBastard a food item from Tim Hortons (I live in Canada)

@cheezandtoast 7 лет назад

I do not understanding the rounding bit he went on, in the usa where i grew up it was x>5 or equal to 5 you round up and x

@RainAngel111 4 года назад

Feels odd to say that Canada "abolished" the penny. Makes it sound like they made them illegal.

@SolMalus 10 лет назад

I can almost guarantee that at 10 seconds into the video is when RU-vid was at its prime in terms of accessibility.

@GlaciusTS 10 лет назад

I think it's time Canada starts rounding to the nearest 10.

@danielbishop1863 10 лет назад

Doesn't work well with the coin denominations they have. It would make more sense to round to the nearest 25¢.

@SaxtonHaleKicksHippieAss 10 лет назад

Daniel Bishop The idea was we get rid of the 25cent coin and make a 10 and 50 cent coin instead.

@Traindriver321 10 лет назад

***** how about we round to the nearest 1,000,000? BEST PLAN EVER!

@SaxtonHaleKicksHippieAss 10 лет назад

Harut Rehanyan You're an all round goof ball you know that Harut?

@SaxtonHaleKicksHippieAss 10 лет назад

Raavi Mehta You could say it makes a lot of... cents Anyone!? No!? ok

@Bwabel 4 года назад

I love that you do js for and

@peterp12 3 года назад

Omg that og RU-vid screenshot brings me back damnnnn

@IHaveManyRegrets 10 лет назад

1:07 Spock is on the 5 dollar bill.

@gunxperp 3 года назад

8 year update on no penny Canada. At this point I completely forgot the penny was a thing.

@solk.posner7201 3 года назад

Still an annoying fucking thing in America. Government likes to make things harder for everyone for no goddamn reason. Kudos to Canada for abolishing pennies and legalizing cannabis.

@antan2329 3 года назад

It think everyone wants to move the canada at this point

@gunxperp 3 года назад

@@antan2329 yeah definitely wouldnt want to move to any other country that's for sure

@Potetly 8 лет назад

Is the background music the same from the Myths and Legends podcast?

@NitroIndigo 8 лет назад

1:35 I don't recognise the country in the bottom-left (Brazil?) or the small one left of Norway. Anyone know what they are?

@edi0157 8 лет назад

Bottine left is brazil,and left of Norway might be Iceland or Ireland(there are two countries there)

@edi0157 8 лет назад

+Edi Ababei bottom left*

@ryandukas6878 2 года назад

I am happy to announce that the US is ceasing production of Pennies as soon as next year

@MineKynoMine 10 лет назад

the lowest coin we have is the 5 cent coin but even that is obsolete

@yungcrowley6415 8 лет назад

it's been 3 years+ and every thing is still going smoothly here

@Dramatic_Gaming 7 лет назад

Five years since they did this, and I'll still find Canadian pennies floating around in my change once in a while here in the States.

@hleghe810 7 лет назад

0:05 I know only half of those...

@beeeeeeeez 10 лет назад

whats with the guy in the $5 bill? he looks kinda familiar... i can't put my finger into it...

@leadersofthenewschool 3 года назад

The figure holding the I ❤️ inefficiency sign made me laugh 😂

@merrymeagain6366 2 года назад

What was/is this cartoon called?

@nabil1908 3 года назад

After 200 hundred years and yearly inflation, we'll have a video titled "Canada Gets Rid of the 1$ note (Huzzah!)

@ablair37 8 лет назад

now time for the uk to ditch the penny and 2 pence...anoying af i have £13 ish in pennys ....oh wait thats 8 beers ...beer time

@WerewolfLord 5 лет назад

If the UK gets rid of the 1p and 2p coins, it will be like going back to pre-decimalisation £.s.d, just without the d.

@QWERTY-wn1bj 7 лет назад

when i opened this video i got an advert saying "coins are important" no, they are not

@simplecreature3458 2 года назад

Has it really been nine years since we got rid of the penny? Wow time flies.

@pizza_11 3 года назад

I live in America so having a Canadian penny is even rarer then I thought

@alexcholagh8330 2 года назад

A Canadian nickel dime quarter half dollars and loonies are very rare but the penny is common and there somewhat legal tender through cashiers but not through vending machines most banks fast checkout lines or similar situations. I'm from Michigan and yes we get alot of change.

@pizza_11 2 года назад

@@alexcholagh8330 I also recently got something way rarer. Its a penny from the Cayman Islands (British Overseas Territory) And its really cool

@kaidoust4145 2 года назад

@@pizza_11 Nice

@whatsinaname7289 4 года назад

2020 rewatch. Lol anyone else had the algorithm randomly send them this video again?

@paranoidrodent 4 года назад

Yup. Weird one to get again so many years later. Mind you, I'm Canadian so maybe the algorithm thought I'd be interested in it for that reason (nevermind that this is utterly mundane information to Canucks). I do have a jar of pennies that looks like that. I use them as spare tokens for board games and table top RPGs.

@whatsinaname7289 4 года назад

@@paranoidrodent That's cool. I didn't know Canadians were called Canucks 😅

@jackgamer6307 6 лет назад

Here in hungary, we use "forint"* . We got rid of 1 and 2 forint coins a while ago, and we used this rounding since. Now the smallest coin we have is "5 forint" (*1 usd~300 forint)

@nuthinbutachump 8 лет назад

I love your calm insulting wit! "Inefficiency fans will be sad to see the penny go"

@monsieur8433 8 лет назад

Just saying there are rumors down under that there going to get rid of the 5c coin

@thepyromancer1319 8 лет назад

That is true because they cost 6c to make.

@davidyoung5114 8 лет назад

Have you heard the new one? Supposedly the Canadian Mint wants to get rid of the $5.00 bill next and replace it with a coin! Since it's supposed to have a moose on the back (the Queen, or her successor being on the 'front' of all of our currencies) I guess we'll have to call it...the Moonie!

@michaelclentworth1283 3 года назад

We New Zealanders got rid of it over 10 years ago.

@HowdyDo42 3 года назад

1:34, ah yes, the australia-finland border

@19billdong96 8 лет назад

Periodically reminded how awesome it is to be Canadian~

@perjutsu2936 8 лет назад

Yassss

@raynemichelle2996 3 года назад

RU-vid algorithm from April 2, 2012-April 18, 2021 (9 years): *nothing* RU-vid algorithm April 19, 2021: Here, watch this video about how the Canadian penny was discontinued.

@TheCandoRailfan 3 года назад

As mentioned in the video, if you pay by card, or whatever, the exact amount will be deducted. Even if you do still pay with cash, the odds of rounding up or down are 2 to 2, exactly the same. So on average, you'll pay the same amount. Sometimes you'll lose money, but an equal amount of the time you'll gain money. In theory, if you play your cards right, you could save 2 cents every time you go shopping.

@Angelblue1302 8 лет назад

Canada is one of my favorite countries :)

@pinkajou656 3 года назад

Thank you

@Atm-nv9lz 7 лет назад

Thank you Grey, this video introduced me to the vlogbrothers.

@nicholasluigi 3 года назад

Seeing that old OSX toolbar makes me have the big nostalgia.

@inkyscrolls5193 7 лет назад

And the UK should do the same for the 1p and 2p. You can't buy anything with them and they're uneconomical for all the reasons listed above (though they don't cost more than 1p or 2p to make, so far as I know). The last time a British coin was withdrawn from circulation was in 1984 when the ½p was take out. At which point it was worth 3p in today's money.

@CarlosMFdzG 9 лет назад

2:04 You never closed the tag.

@jdp_man1924 6 лет назад

@Chilldude_101 5 лет назад

USA: I'M KEEPING MY PENNIES France: Hold my beer (creates one cent and two cent)

@victinim2512 2 года назад

Like a year here in Chile, the 1 and 5 pesos coins were completely discounted and no one even cared, we literally pay in thousands of pesos because a dollar is around 700 pesos, so those coins were already useless

@rhythmandacoustics 8 лет назад

Yeah CANADA!!!

@nikahmadfaris7542 8 лет назад

Malaysia's last penny was produced in 2007 (I think)

@gkatar 6 лет назад

What is CBC for you? I mean, what does it stand for in your language?

@ml9867 2 года назад

As an American, why am I just hearing of this now in 2022? I would have been saving those random Canadian pennies for my retirement in a few decades when they'll be rarer & hopefully worth a fortune.

@eca3101 10 лет назад

Hell ya I live in Vancouver ;)

@TonksMoriarty 9 лет назад

I didn't see the Spock'd Canadian $5.

@blitztheblitzedguy5370 4 года назад

Cgp grey, mentioned my City, Vancouver!

@freshviolets 3 года назад

Once I got a Canadian penny as change in America at a highway rest station. I think it was after Canada stopped making them, as well. I still have it, too.

@theislegameplayer6223 5 лет назад

Here in Brazil we did it a long time ago, and we don't have high prices (WE HAVE HIGH PRICES but this is because of the corruption and Dilma )

@ThiagoLc06 3 года назад

wtf we never get rid of coins it is still one of the most easy ways to pay for some gum and stuff like that, i know people that work literally using coins to get paid like people on the streets that sells candy...

@Fuzzycute32 5 лет назад

it's been 7 years i still keep pennies in my wallet

@TTony5891 4 года назад

It is now 2020 and I still sometimes talk about not having pennies like it was just abolished in the past year.

@festethephule7553 7 лет назад

My science teacher found a use for them. She has an entire jar for a specific lab, in which we literally turn the pennies to brass. It's freaking sweet. I am Canadian btw, in case anyone was wondering.

@antonmusor7159 2 года назад

This dosent make any cents. Get it

@bobmilaplace3816 10 лет назад

I prefer the Japanese system with just 1 Yen all the way going up 1000 = close to 10 bucks

@tzarinah2787 10 лет назад

$9.79 to be exact.

@Kahadi 10 лет назад

if you count it out (with the assumption that 1000 yen is $10 exact, which it isn't), you'd find that that's pretty well how it is in the US and Canada, with 1 yen being 1 penny. 1 penny is 1 cent, 100 cents is $1, therefore $10 is 1000 cents. however, 1000 yen isn't exactly $10, so it, of course, isn't an exact equivalent. but it makes your argument close enough to saying we should just count cents. so instead of getting something for $200, you'd say you're getting it for 20000 cents...

@noobacc8219 6 лет назад

In Serbia we use a currency that 100 of equals a single dollar,you can see how this gets ridiculous pretty quickly

@iunary 6 лет назад

Problem is if you life in japan you will still end up with piles of stupid 5 and 1 yen coins ... that suck, vending machines dont want them, and the only way to get rid of them is to hand them in in stacks at the Seven Eleven , because they are the only place that wants to take them......