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pcernie
Legend
Joined: Sun Apr 26, 2009 12:30 pm Posts: 45931 Location: Belfast
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http://www.bbc.co.uk/news/world-us-canada-21328892Ben Fogle wanted them taken out of circulation over here on Room 101 the other week... do you use them or do they just build up in your house or whatever? I only have a handful I go into shops so little 
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http://www.moneysavingexpert.com/
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Mon Feb 04, 2013 10:45 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am Posts: 29240 Location: Guantanamo Bay (thanks bobbdobbs)
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I save them and bank them. All that will happen is that without them the prices of goods will simply increase, and without any benefit.
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Mon Feb 04, 2013 11:19 pm |
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l3v1ck
What's a life?
Joined: Fri Apr 24, 2009 10:21 am Posts: 12700 Location: The Right Side of the Pennines (metaphorically & geographically)
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I'd say ditch the 2p rather than 1p coins.
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Mon Feb 04, 2013 11:25 pm |
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JJW009
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 6:58 pm Posts: 8767 Location: behind the sofa
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It would be crazy only having a 2p in copper. What happens when you pay 6p in twos for something that costs 5p or whatever? You'd have to change five twos for two fives, which wouldn't work if you didn't have them.
If we ditched copper altogether, then that could work but you'd only be able to buy penny sweets five at a time...
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Mon Feb 04, 2013 11:33 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am Posts: 29240 Location: Guantanamo Bay (thanks bobbdobbs)
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Yes but for most goods that are £1.99 or £1.97 they will all be increased to £2
_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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Mon Feb 04, 2013 11:47 pm |
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JJW009
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 6:58 pm Posts: 8767 Location: behind the sofa
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There are psychological reasons why shops don't do that already. The same reason petrol is always something point nine pence. They'd probably put it up to £2.98 since the £2 barrier is already broken! So that's two pound, a fifty, two twenties, a five, two twos and... oh bugger I need a penny change! They should just stop making money full stop. Who uses it these days anyway?
_________________jonbwfc's law: "In any forum thread someone will, no matter what the subject, mention Firefly." When you're feeling too silly for x404, youRwired.net
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Tue Feb 05, 2013 12:09 am |
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pcernie
Legend
Joined: Sun Apr 26, 2009 12:30 pm Posts: 45931 Location: Belfast
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Small shops that can't afford the fees unfortunately.
_________________Plain English advice on everything money, purchase and service related:
http://www.moneysavingexpert.com/
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Tue Feb 05, 2013 12:13 am |
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davrosG5
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 6:37 am Posts: 6954 Location: Peebo
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I'd have no objection to them dropping both the 1 and 2 p coins so we just had 5, 10, 20 and 50. Much simpler and less hassle to carry around. These Youtube vids about pennies (albeit the US and Canadian ones) are rather good IMHO: Death to PenniesCanada Gets Rid of the Penny (Huzzah!)I suspect in reality most prices would actually go down to £whatever.95 rather than going up to the next nearest pound plus £0.95, certainly for things were being under the nearest pound is psychologically important. I doubt the majority of people would accept a rounding increase of nearly a pound. Doesn't mean some greedy chancer wouldn't give it a try but I suspect the loss of business would make them change their minds fairly quickly.
_________________ When they put teeth in your mouth, they spoiled a perfectly good bum. -Billy Connolly (to a heckler)
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Tue Feb 05, 2013 6:48 am |
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EddArmitage
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 9:40 pm Posts: 5288 Location: ln -s /London ~
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Surely if we were dropping the 1p coin it'd make sense to drop the 5p coin as well, and then just have 2p as the minimal denomination for our currency?
Personally I don't mind pennies - they either get chucked into charity pots at tills or bagged up and dropped off at the bank with all my other coinage.
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Tue Feb 05, 2013 8:46 am |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am Posts: 29240 Location: Guantanamo Bay (thanks bobbdobbs)
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It might make sense to scrap the coppers and round all prices to nearest 5p.
_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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Tue Feb 05, 2013 9:15 am |
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HeatherKay
Moderator
Joined: Thu Apr 23, 2009 6:13 pm Posts: 7262 Location: Here, but not all there.
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What we call "coppers" are steel with a copper electro coating. Until about 1986 they were made of bronze with a copper coating. They're actually getting to the point where the coin's face value is less than the cost of producing it. I wouldn't miss the shrapnel, if pennies, twos and fives were dropped. I see five pence coins on the pavement, where people have dropped them and not even bothered to pick them up. 
_________________My Flickr | Snaptophobic BloggageHeather Kay: modelling details that matter. "Let my windows be open to receive new ideas but let me also be strong enough not to be blown away by them." - Mahatma Gandhi.
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Tue Feb 05, 2013 9:55 am |
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timark_uk
Moderator
Joined: Thu Apr 23, 2009 6:11 pm Posts: 12143 Location: Belfast
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Drop the 1p and the 2p and have a new 3p coin?
Mark
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Tue Feb 05, 2013 9:59 am |
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saspro
Site Admin
Joined: Thu Apr 23, 2009 5:53 pm Posts: 8603 Location: location, location
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Tue Feb 05, 2013 10:29 am |
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EddArmitage
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 9:40 pm Posts: 5288 Location: ln -s /London ~
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Tue Feb 05, 2013 10:44 am |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am Posts: 29240 Location: Guantanamo Bay (thanks bobbdobbs)
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Yes but why should we subsidise the 99p store by providing its own coins? Though they could not call themselves "Another Poundland" or could they? 
_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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Tue Feb 05, 2013 10:48 am |
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