Should 1p and 2p coins be scrapped?

[Vandle]

1c and 2c coins have been a thing of the past in Australia for longer than I've been here (2006). Everything is rounded up or down to the nearest 5c but a pound was worth $2.50 back then, half that now.
Pre-covid they used to have a little tray with 5c pieces in them on the desk at petrol stations. If you put $50.03 in your car you could take one, if it was $49.97 you could leave one.

 

[mrk]

I think they should be kept.


Just my 2p.

 

[TrojanWhore]

They like to keep the fractions of pennies for certain transactions which quickly adds up.

This makes me think of 'Office Space' (/superman 3)

 

[scarps]

What will we do though when on holiday in skeggy, you only go there for the 2p arcade machines

 

[mcast123]

In 3 years I've used cash twice, a taxi and an Asian takeaway, both obviously dodging taxes. Small denomination coins are absurd, if for some weird reason I have cash, anything under £1 is instantly binned.

Without cash imagine the extra tax income from all these dodgy dealers.

 

[Simon0001]

No it's going to be great when hyperinflation kicks off.

 

[Deleted member 77746]

I defo think everything should be rounded off would be much easier.

 

[OldKitMan]

You're off by about 3,500 miles . It was Nigeria for anyone who is curious.

I seem to remember hearing something similar about banks. They like to keep the fractions of pennies for certain transactions which quickly adds up.

 

[mufc802]

Keep the silver coins, scrap the copper coins. If I was given a choice between two items, one costing 99p and the other costing £1, I would buy the £1 every time just because its a rounded number.

 

[V F]

At least post the video, it's Gus Gorman. Richard Pryor is the best.

 

[ZeroG]

I think eventually they will go. Just imagine the mount of metals saved by not having the make them.

 

[Sankari]

Yep, scrap them. Australia stopped producing copper coins in 1990, and it's proved to be an excellent decision.

 

[V F]

Yep, scrap them. Australia stopped producing copper coins in 1990, and it's proved to be an excellent decision.

Erm...

 

[ZeroG]

I've noticed in the US when I was there, if you bought something and it was either 99c or similar, and you give them a dollar, in some places you were expected to donate small change to charity.

This was at a gas/petrol station, so I'm not sure if it was universal.

That is a thought. Charities gain quite a lot of money through people donating their small change. Getting rid of coins would remove this source of income.

 

[ZeroG]

What will we do though when on holiday in skeggy, you only go there for the 2p arcade machines

If they wanted to keep them around they would probably have to change to a token system rather than coins.

 

[Raiden85]

That is a thought. Charities gain quite a lot of money through people donating their small change. Getting rid of coins would remove this source of income.

They'd have to adapt, more and more people are going contactless and don't carry change so less money from coins for charities in the future anyway.

 

[builder22]

in a list of things I care about...scrapping or keeping 1p/2p coins would be so far down the list

had to google it but they don't seem to even make them any more...who cares

 

[Cyber-Mav]

just 3d print your own coins, works fine in shopping trolleys, and gumball machines.

 

[dowie]

That is a thought. Charities gain quite a lot of money through people donating their small change. Getting rid of coins would remove this source of income.

There's already a solution here - see things like the Tesco self-service tills, they'll ask if you want to round up and donate say 15p or whatever to some charity on the screen.

 

[Chojin]

I haven't used cash for about three years, and even then it was becoming increasingly rare. Despite the convenience of using plastic the paranoid side of me thinks it's another lost freedom for society.