With yesterday's federal budget, the Canadian penny is now history. It cost more (1.6 cents) to produce a penny than what it's worth.
I remember as a kid that a penny could buy great candies at the local variety store like Bazooka Joe cartoon strip bubblegum, blackballs and licorice twizzlers.
The penny has inspired many expressions that might get lost in future generations. Here are my top ten best:
- A Penny Saved Is A Penny Earned: This phrase is self explanatory. However, there's a bizarre history behind the phrase: A Benny Shaved Is A Benny Urned.
- Pick Up A Penny And You'll Never Be Broke: Unlock that mysterious power that might be preventing you from being well off.
- Penny Wise And Pound Foolish: Stupid is as stupid does.
- A Penny For Your Thoughts: A penny for a thought may have been valuable many years ago, but inflation has decreased its worth since then.
- Give Your Two Cents Worth: Tweets, blog entries, YouTube communications are examples of "giving your two cents worth".
- Penny Stocks: Many fortunes were won and lost with speculation on stocks that were less than a dollar.
- Penny Arcade: This is where young people played "the video games" of yesteryear. These were cheap thrills back then.
- Penny Pincher: This is more than someone who hangs onto millions of pennys.
- Pennies From Heaven: This isn't an environmental curse or an airplane disaster. It's something nice happening in an odd way.
It hard to believe that something so small as a penny has influenced humanity in the ways above.
The Canadian penny may be gone but fond memories of its use and expressions remain.