- Target:
- Hon. Jim Flaherty, Minister of Finance of Canada, jflaherty@fin.gc.ca
- Region:
- Canada
- Website:
- www.creditcardscanada.ca
http://www.creditcardscanada.ca/news/2011-02-15-penny-brief
Over the past several years, the rising cost of production of the superannuated penny has come to the public's attention. Various evaluations of the penny's production costs have been done, some higher than the Government's assessment of 1.5c. Several factors are involved in the production cost of the penny:
- Producing the one-cent coins;
- Storing them;
- Transporting them;
- Going to a financial institution to obtain, roll and deposit them
This petition is to ask for a third party evaluation of these costs to ensure the fair treatment of the penny's demise and account for funds otherwise not accounted for.
Wilfrid Laurier University economics professors Dinu Chande and Timothy C. G. Fisher estimate that it costs 1.8 cents to make a penny. Other evaluations have suggested that it costs upwards of 3 cents to produce the coin.
The People of Canada who sign this petition ask that a third party evaluation of the penny's production cost be compiled before it is removed.
You can further help this campaign by sponsoring it
The Demand a third party evaluation of the penny from Parliament petition to Hon. Jim Flaherty, Minister of Finance of Canada, jflaherty@fin.gc.ca was written by tosh horan and is in the category Government at GoPetition.