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IN POLL CANADIANS VOTE AGAINST KEEPING THE CENT
As a follow-on to the article he sent us last week on Canadian cent, Dick Johnson adds this: "In a recent poll, Canadians voted 74 to abolish the coin to 26 in favor of keeping it. The same article said it would save Canadians $25 million a year by abolishing the cent coin."
-Editor
Callbeck is on the Senate's national finance committee, which is preparing a report on the value of the penny. On cost of production alone, it represents a loss for Canadians, Callbeck told CBC News. "The raw material in the production of the penny costs more than a penny, so that roughly the direct loss to the taxpayer every year is $25 million," said Callbeck. She said the Senate wants to hear from Canadians on the issue.
To read the complete article, see:
Penny: Is it time to get rid of the one-cent coin?
(www.cbc.ca/news/pointofview/2010/05/penny
To read the earlier E-Sylum article, see:
CANADIAN PARLIAMENT STUDIES ABOLISHING CENT COIN
(www.coinbooks.org/esylum_v13n18a20.html)
The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
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