7th February 2007

Beyond simple pocket change

posted in economy |

Go ahead, empty your pockets. Among the fluff, the instant teller receipts and two slightly used peppermints, there were probably several coins. Probably pennies. Maybe a loonie or a toonie, if you are in a higher income bracket. But let’s wait for the jackpot.

Following a recent order-in-council of the parliament, the Mint has a new goal. Forget the mundane tasks, such as producing quarters that actually work on the coffee machine at work without running them under the water tap. Forget the latest spy magnets, that seem to have ruffled feathers on my favourite eagle. The Mint is now ready to tackle a really big project.

Imagine how stretched your spandex pants are going to look when you slide your first million dollar coin in there. Although no details are available, the story on CBC1 this evening mentions a coin about the size of a manhole cover, weighing in at about 100 Kg. A heavy manhole cover. With a price tag that will equal or surpass all the money I’m likely to earn in this lifetime, before taxes.

I’m in the wrong income tax bracket. Well, any income tax bracket has it’s wrong factor, but I’m not the ideal client for upscale coin merchants. I’m sure it was a quiet day around the House of Commons when that one went across the order of the day. And from now on, I will collect my pocket change religiously. Who knows, maybe the mint will institute an upgrade program.

This entry was posted on Wednesday, February 7th, 2007 at 19:35 and is filed under economy. You can follow any responses to this entry through the RSS 2.0 feed. | 245 words. Both comments and pings are currently closed.

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