Viewing a single comment thread. View all comments

arcosapphire t1_isxrv95 wrote

Reply to comment by stevethered in TIL that in an effort to save $43.5, the Canadian Mint mailed the dies of the new $1 coin via a discount courier over using an armored car- which were promptly stolen and have never been found. This would lead to the adoption of the Loonie design as an emergency replacement. by Padgriffin

The few cents you'd save wouldn't really be worth the effort of hoarding a bunch of Canadian dollars in the US for this one purpose.

7

Chawke2 t1_isykf2f wrote

Why wouldn’t it be? You can just go to your bank and get Canadian dollars.

3

arcosapphire t1_isym8b0 wrote

Is a trip to the bank, and constantly carrying some Canadian cash on you really worth it, to save a few cents in a vending machine now and then?

It's like the people who drive way out of their way to save a couple cents on gas. They'd be better off not doing it.

0

stevethered t1_iszenq0 wrote

It might be worth it even if you are a Canadian coming to the US for a week's holiday. You may not save thousands but some money.

Then multiply it by the number of Canadians. Americans who travel to Canada may also know the scam and take advantage.

When I lived in London in the 1990s, there was a very cheap European coin, which was very similar to a one pound coin. It was used a lot in the ticket machines on the London Underground. And that did cost LU a lot of money.

3

arcosapphire t1_iszfro3 wrote

> When I lived in London in the 1990s, there was a very cheap European coin, which was very similar to a one pound coin. It was used a lot in the ticket machines on the London Underground. And that did cost LU a lot of money.

Sure, if it's very cheap, I can believe it's worth doing. Especially since people may often make ten Underground trips a week.

Right now, the CAD is 0.73 USD which is unusually low--it may be worth it now (although who uses cash anymore?). But ten years ago they were on par. For a bit CAD was actually worth 1.01 USD! So, the particular year matters quite a bit. A lot of the time, it wouldn't have been worth doing.

1