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MoneySense Magazine, November 2012
The one-cent solution
The penny will be phased out starting in February. The average Canadian has 600 pennies lying around—here’s what to do with them.
We Recommend
Redeem them for $6.00 at a BMO coin counter. It’s free and you don’t have to be a client.
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For all you dreamers out there, make 600 wishes at a nearby fountain or wishing well.
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Donate them to charity. Habitat for Humanity is accepting the coins at its 69 regional offices.
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Melting down 600 pre-1997 copper pennies would net you $11.72—and possible criminal charges.
MoneySense Magazine, November 2012


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