We all know the Canadian penny is no longer being circulated. and even Google is marking the occasion.
Starting today, February 4, 2013, you can still pay for things using pennies (if the retailer allows) but totals will be rounded to the nearest nickel and you won’t be handed back pennies by cashiers.
Many Canadian households have pennies lying around their house so here is a list of things you can do with them.
1. Donate them to charity.
2. Cash them in at BMO.
BMO’s self-service Coin Counters are a fast and free way to sort loose change and deposit it directly into a BMO account or trade it in for cash. You do not need to be a client.
3. Create a clever floor mosaic.
4. Penny souvenirs.
Many tourist locations have these booths where you can stretch your penny into something fun! Save them up for this.
5. Tread Checker
Insert a penny into a groove of a tire with the head pointing into the tire. If the groove covers part of the head of the penny, you’re safe to drive; if the head of the penny is in full view, it’s time for new wheels.
Any other ideas on what to do with old pennies?