While there are many opponents of the lowly penny, including a store in Vermont and soon, the entire country of Canada, one musician was about to be punished by the Canadian mint for his love of the little guys. The folk singer featured a photo of pennies scattered on a counter as well as a large penny on the back, and the Mint warned him that he was violating the government’s copyright on the currency. Say what now?
penny for your thoughts
Now that it takes more than a penny to make a penny, many of $0.01 cent skeptics think the United States should just ditch those coppers (and yes, we know, they’re not all copper) like Canada did. But there is at least one penny worth finding in your change jar — a 1792 coin that just sold at auction for $1.15 million.
If you’re willing to sign a new two-year contract, from now until Cyber Monday, Amazon is selling all non-iPhone smartphones (read: Androids) for the low low price of $0.01. Yes, one penny. That’s also 99 cents less than $1. Though in most cases, you need to be a new customer for whatever carrier you choose.
In the ads for penny auction sites like QuiBids, you hear of bidders who won cars, computers, TVs and other pricey items for just a few dollars. Curious about how these sites worked, our investigative in-laws at Consumer Reports recently scrutinized them and found that while the one winning bidder might get a good deal, you’re more likely to spend a bundle to end up with nothing.