Ditch The Coppers

Discussion in 'Politics & The Economy' started by domtheone, Aug 22, 2018.

  1. domtheone

    domtheone
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    Scrapping 1p coins 'will not raise prices'

    How does everyone feel about this?

    Off the top of my head, I wouldn't mind it.

    Some things might get rounded down, most things will get rounded up.:rolleyes:

    I pay for the majority of stuff these days (+£3) by card/Apple pay so i rarely have a lot of coins.

    Inflation is a runaway train so the 1/2p is practically worthless now.

    Can't see them hanging around for long.
     
  2. Squiffy

    Squiffy
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    I'd get rid.

    A chugger outside Cannon Street on Monday had a bucket and a contactless card reader. Sooner than we think small coins will be completely redundant.
     
  3. RiceRocket

    RiceRocket
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    Can you still buy one of those pick'n'mix sweets for a penny?
     
  4. IronGiant

    IronGiant
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    You certainly can't buy four any more :)
     
  5. sebbykin

    sebbykin
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    That would mean a McLatte for £1.90 :eek::eek:
     
  6. raduv1

    raduv1
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    Yup get rid , can't remember when I last felt the need and it's about time we got away from that 99p to make us believe we are getting a great deal on a product .

    Must also be a big saving for the treasury in not having to manufacture the them ?
     
  7. EarthRod

    EarthRod
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    Why scrap these coins? They are still useful:

    Use one to put under a table leg to stop wobbling.
    Useful to skim across water.
    Glue to the floor in a shopping arcade.
    Hide coppers around the house or garden as a children's party game.

    Etc.
     
  8. raduv1

    raduv1
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    Rub holes with loose change in your pockets .
    The copper jar what will become of the copper jar ? :).
     
  9. EarthRod

    EarthRod
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    Charity organisations will not be pleased if the copper jar is ditched.
     
  10. raduv1

    raduv1
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    Nor will my wife , who uses them for this very reason .

    Cheers fella as I had not considered this aspect and where all me coppers go, as in charity via the wife .

    Great point :smashin:.
     
  11. krish

    krish
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    UKIP are firmly against this as their voters won't know what else to use on scratchcards.
     
  12. domtheone

    domtheone
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    ^^^
    That would make more sense if it said Labour!

    I think they’ll be gone within 5 years if current levels of inflation persist.
     
  13. raduv1

    raduv1
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    How dare you , true Labour would never stoop so low , health lottery or postcode maybe but never scratch cards :D.
     
  14. EarthRod

    EarthRod
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    Inflation?

    I remember when tuppenny-ha'penny farthing would buy an ice cream.

    ...And you would get a farthing change from a thrupenny bit.

    :D
     
  15. raduv1

    raduv1
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    Now now this is Monty territory and you be cribbing here :D.
     
  16. Bl4ckGryph0n

    Bl4ckGryph0n
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    It doesn't have to be a problem, but yes I think British culture means it will change pricing and things will get rounded up.

    Take Turkey or Armenia, two countries where I know the penny has gone as a coin but exists in pricing, the pricing remains the same. But if something is say 10.01 it gets rounded down, as it does when it is 10.19 etc. But when you pay by card it gets charged :)

    I must admit I wonder how the bookkeeping works in such situations, but it shows that it can be done. I wish we go to paper money only. Coins are horrible for your clothing, too heavy, make noise, stink etc...Or better, just go digital.
     
  17. Dony

    Dony
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    Ireland got rid of 1c and 2c coins and I've never noticed a difference. As per wiki...

    Beginning on Wednesday 28 October 2015 Ireland followed The Netherlands, Sweden, Finland, Denmark, Hungary and, in introducing so-called Swedish rounding.[6] While individual prices are still shown and summed up with 1-cent precision, the total sum is then rounded to the nearest 5 cents when paying with cash. Sums ending in 1, 2, 6 and 7 cents are rounded down; sums ending in 3, 4, 8 and 9 cents are rounded up.

    No reason why the same system couldn't be used for £stg.
     
  18. imightbewrong

    imightbewrong
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    Ditch.

    Q. Does this Swedish round happen if it's a card payment?

    A. No - according to that link. So it would hardly affect the price of things anyway, except for people that still use that old paper/metal money
     
  19. domtheone

    domtheone
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    So still the same prices with card. Rounding if it's cash.

    Fine with me. Would probably accelerate the move towards cashless too.

    I guess we'll dither on the decision for several years first and then go for it.
     
  20. krish

    krish
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    I suppose the Kippers will learn to use their Electron cards as scratchcard scrapers
     
  21. Greg Hook

    Greg Hook
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    Definitely get rid of them. They serve no useful purpose at all today.
     
  22. fluxo

    fluxo
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    BoE inflation calculator:

    Inflation calculator

    According to that, 1p is worth approx. 35% less than 0.5p was worth when (1984) the halfpenny coin was withdrawn.

    The ancient among you may remember all sorts of ditched coins including the toothbreaker, the two and half pence piece with a face value of six pence.
     
  23. tapzilla2k

    tapzilla2k
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    I use a 5 pence piece to scratch lottery scratch tickets with, I being a Labour Party Member.
    Don't see much point in 1p coins given we are slowly moving to a cashless society. Unless you believe the world will face a disaster so bad, you stock up on gold bars, guns and bullets to ride out the apocalypse.
     

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