iPlayer Radio What's New?
Image for The end of the penny.

Listen now 10 mins

Listen in pop-out player

The end of the penny.

10 minutes
First broadcast:
Saturday 09 February 2013

Canada has stopped distributing its smallest coin – the one cent or the penny. This week Ruth Alexander looks at why some countries get rid of their smallest coins and some just cannot part with them. She asks whether people really fall for so-called psychological prices that end in 99, rather than seeing them for the round numbers they really are. And which country has the coin with the smallest monetary value?

Image:Future of the Penny in Doubt Credit: Getty Images)



  1. Image for More or Less: Behind the Stats

    More or Less: Behind the Stats

    Tim Harford investigates numbers in the news. Numbers are used in every area of public debate. But…

  2. Image for Tim Harford: Pop-Up Ideas

    Tim Harford: Pop-Up Ideas

    Tim Harford – in the company of Malcolm Gladwell, David Kilcullen and Gillian Tett – uses key…

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Added. Check out your playlist Dismiss