Should bronze money be scrapped?

StriderX said:
I don't use crappy corner stores, so it literally matters nought for me, i'm happily spending my money in huge conglomerates so that the continued death sentence for small business continues.
Click to expand...

I don't do my full weekly shop in them but they are handy for the odd item. Why get in the car and drive other side of town to the supermarket then walk from one end of the store to the other and then drive back again. Takes under a minute to walk to the nearest corner shop.

And it doesn't matter if its against the law to not accept cards under a certain amount now, if the 6'2 Sikh built like a brick **** house behind the counter says no then he mean no!
 
Interesting idea, but things are already starting to go that way.

What use to be 99p is now £1. What use to be £1.99 is now £2 or even £2.50.

It's a strange mixture of convenience for the punter and more money for the seller.
 
Arthur Hucksake said:
Interesting idea, but things are already starting to go that way.

What use to be 99p is now £1. What use to be £1.99 is now £2 or even £2.50.

It's a strange mixture of convenience for the punter and more money for the seller.
Click to expand...

Do you know why stuff was always priced at £X.99p??

(I bet most don't ;) )
 
Diddums said:
The euro also only starts at 5c.
Click to expand...

Nope

viKOkGLl.jpg
 
Orionaut said:
Do you know why stuff was always priced at £X.99p??

(I bet most don't ;) )
Click to expand...

Here's what I heard:

It was so the cashier had to put the sale through the til to get the penny change out, and therefore couldn't just pocket the cash with no record of a sale.

I can't remember where I heard that, but it stuck for some reason.
 
Bigpops said:
Here's what I heard:

It was so the cashier had to put the sale through the til to get the penny change out, and therefore couldn't just pocket the cash with no record of a sale.

I can't remember where I heard that, but it stuck for some reason.
Click to expand...

Cant do that if there's no cash to pocket.
 
Bigpops said:
Here's what I heard:

It was so the cashier had to put the sale through the til to get the penny change out, and therefore couldn't just pocket the cash with no record of a sale.

I can't remember where I heard that, but it stuck for some reason.
Click to expand...

That is the one.

Shop owners always tried to ensure that it would be unlikely for anybody to end up with a nice round number as a bill that would not require change.

The thing about it making items look cheaper than they really were was obviously an advantage. But it was never the main reason!
 
Diddums said:
Not in use. I can't be arsed finding more links but here are two to get you started:

Italy stops production of 1 and 2c coins.
Ireland phases out 1 and 2c coins.



https://www.rte.ie/news/2015/1028/737876-rounding-of-one-and-two-cent/
Click to expand...

I can’t dispute those links, but on my return from France about a month back, I emptied out the euro shrapnel in my pockets, which included one X 2 cent coin, and 3 X 1 cent coins, 1 X 5 cents, and 2 X 20 cents.
I used to put all my euro notes and coins and U.S. bills and coins into an old cigar box, ready for my next trip, but at €1.10 or 11, I won’t be rushing back to Europe, I’ll probably give the shrapnel to my adult German grandkids when they come over, or maybe their father, my elder son, who since Brexit, can’t stop crowing about how he did himself a favour in getting out of U.K. when he married a German girl, and moved there.
$1.28 is painful, and I’d much prefer $1.50, but the U.S. is too good a holiday destination to pass up IMO, even a vodka tonic at $7.50, (£5.80) doesn’t really hurt.
 
pepp77 said:
Nope

viKOkGLl.jpg
Click to expand...


Apropos of this, while digging around, I found that Belgium has a €2.5 coin, which is only accepted in Belgium.
Apparently Belgium wanted to mint a €2 coin in 1815 to commemorate the 200th anniversary of Napoleon’s defeat at Waterloo, but France vetoed it, (a bit mean, but understandable), so to get round it, Belgium minted the €2.5 coin.
 
Jean-F said:
Apropos of this, while digging around, I found that Belgium has a €2.5 coin, which is only accepted in Belgium.
Apparently Belgium wanted to mint a €2 coin in 1815 to commemorate the 200th anniversary of Napoleon’s defeat at Waterloo, but France vetoed it, (a bit mean, but understandable), so to get round it, Belgium minted the €2.5 coin.
Click to expand...

Wow! As typos go, that was a doozy!
 
Ocean Breeze said:
All coins should disappear.

Pointless and annoying.
Click to expand...
Greshams law says all coins will disappear. Its already obvious with any coin made from a metal worth any value. Ultimately we wont have coins below 1 pound worth. I guess they can keep fractions of a pound for accounting but not actual physical exchange.

The main reason why thats going to happen is the QE programs unwinding, all those bonds pay out in cash when fully expired. At present the 2008 bailouts have just been rolled over, to this day government increases its debt every year. Same for USA and if EURO and YEN also all unwound debt (Japan is over 200% GDP in debt) at the same time you have the result of nothing below 1 pound being worth holding. Path of least resistance is more reliable then politics or what economics has become
 
Would happily do away with 1p and 2p. £5 can say as a note as I hate carrying coins and I normally only have a £5/£10 note on me as cash.

I only use cash for the coffee machine at work and a corner shop on my round at work to get drinks everywhere else I use my card.
 
Who needs physical money...

apart from when the payment systems for cards goes down like it did a few months ago and those older generation cash carriers like myself didn't have any issues.

I still use a card for petrol, online and contactless for anything under £30 but you can't beat having cash in your wallet for emergencies.
 
AHarvey said:
Who needs physical money...

apart from when the payment systems for cards goes down like it did a few months ago and those older generation cash carriers like myself didn't have any issues.

I still use a card for petrol, online and contactless for anything under £30 but you can't beat having cash in your wallet for emergencies.
Click to expand...

Yeah you can, get a gun, why carry cash when you can just steal it.

/s
 
You must log in or register to reply here.
Back
Top Bottom