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6 posts in this topic

On ‎6‎/‎13‎/‎2020 at 7:06 PM, kbbpll said:

$.03 melt value in Canadian dollars. You can't even spend these in Canada anymore.

Speaking of... When did they demonetize these? Right away, or somewhat after discontinuance?

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 The Canadian Cent has never been demonetized

Production of the Canadian Cent ceased in May 2012 with distribution from the mint ceasing on Feb.4 2013.

After that merchants were encouraged to round transactions out to the nearest cent. By the end of the year the cent had ceased to be used when paying your purchase. They are still considered Legal Tender and the banks will still accept them (as long as you have enough to round out to even 5 cents) but they no longer  have to be accepted in any cash transaction.

 

Edited by Greenstang
typo
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25 minutes ago, Greenstang said:

they no longer  have to be accepted in any cash transaction

That's what I meant. Still circulating in the US though!

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