Time to Kill Off 1p and 2p Coins?

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I was just reading that 6 European countries are going to stop accepting 1 and 2 cent coins for payment next week and it got me wondering if it's time for us to can our smallest pieces too. If I get them I just drop them in charity boxes as I don't want them.

What do you think?
 
1s, 2s and 5s get lobbed in a mug and changed up at holiday time. £2 coins also get collected for the same reason. Got about £25 in shrapnel and £80 in notes (the £2s get changed up for Mrs Nod's float but the cash gets kept in the holiday pot.)
 
No. I like getting my 1 and 2ps. I often copper up to pay for things. If something costs say 95p why cannot I present a 50p, 20p 2 x 10ps 2x2p and 1x1p to make the total. Seems daft to remove the smallest denominator of currency,
 
I have a small wallet with little room for coins, so I put 1p, 2p and 5p coins in a piggy bank at home. At Christmas I count them, bag them, bank them, and donate the proceeds to charity. Last year the local cat shelter benefitted to the tune of £43.
 
If we talk about physical size first, the 1/2p was got rid of, years ago because it was too small.
I'm surprised the 2p is still the size it is, TBH the 5p is tiny compared to what it used to be.
I've had a theory for years that the small coins have been shrinking to make them insignificant, ( but not the 2p for some reason?) in some peoples eyes,
and won't be missed when, not if, they are taken out of circulation.

The coppers will go, and then the 5p shortly after. so everything needs rounding up to the nearest 10p
Although a law unto themselves, the oil companies, pricing fuel with no way of paying for and accurate amount per litre ( with their 0,9p )
until you hit multiples of 10L ( although the minimum delivery is 5L)
will use it as an excuse to raise the fuel, as will other retailers.

I'm sure it will happen but I for one am against it.
 
Do hope not, like bunging them all in the coin counter at the local Nat West, great fun ☺
 
Can't say it would really bother me, I hardly ever pay with cash. The only time I end up with change in my pocket is if someone asks me to buy them something whilst I'm out and they give me the money after.
 
I bet the charities get a fair few quid from the coppers put into collection boxes that seem to be next to most shopping tills....
 
When we changed to decimal currency prices were rounded up and down, ever politician said it would even out, it didn't, neither will it if we drop 1 & 2p coins
Matt
 
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I still much prefer cash.
 
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I've stopped using cash already and only use cards when Apple Pay is not available or I'm spending more than the 30pound limit.
 
Cobra said:
Although a law unto themselves, the oil companies, pricing fuel with no way of paying for and accurate amount per litre ( with their 0,9p )
until you hit multiples of 10L ( although the minimum delivery is 5L)
will use it as an excuse to raise the fuel, as will other retailers.
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You are quite unique, I don't know anyone who buys their fuel as 5L or 10L at a time, most people would buy £10 or £20 of fuel and receive 10.69L or 21.38L (at today's price ;)).

I don't see the disappearance of small change having any effect on fuel prices.
 
neil_g said:
Kill off physical currency altogether in my opinion. Its rare that I have any cash on me these days.
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My local kebab van is spectacularly uninterested in contactless payments or credit cards, nor does he accept paypal, cheques or bank transfer. Fish and chip shop has the same policy, and when I've sold old car parts at an autojumble, not as a trader, but because I've accumulatede a vast amounts of Hillman Imp from owning them for half my life, I'm not set up to accept any form of payment other than cash either.

I'd quite like to keep it.

Dave1 said:
You are quite unique, I don't know anyone who buys their fuel as 5L or 10L at a time, most people would buy £10 or £20 of fuel and receive 10.69L or 21.38L (at today's price ;)).
Click to expand...
I buy what it needs to fill up the tank, not a set amount by volume or by cost.
 
onomatopoeia said:
I buy what it needs to fill up the tank, not a set amount by volume or by cost.
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I meant to add those that fill up on every refill as well, you would still be in the "not buying by a specific litre amount" group though ;).
 
onomatopoeia said:
My local kebab van is spectacularly uninterested in contactless payments or credit cards, nor does he accept paypal, cheques or bank transfer. Fish and chip shop has the same policy, and when I've sold old car parts at an autojumble, not as a trader, but because I've accumulatede a vast amounts of Hillman Imp from owning them for half my life, I'm not set up to accept any form of payment other than cash either.

I'd quite like to keep it.
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Fair enough.

However the former has no real reason not to adapt, there are plenty of ways to take electronic payments. Unless he prefers to keep things cash in hand for "personal" reasons.

The second gets a little more complicated although again with smart phones with PayPal and banking apps for bacs there's no real reason that could not be done electronically.
 
I still get paid in a mixture of cash and cheques from my customers whose average age is approx. 80yrs, none of whom have any desire to use anything else...

...just sayin... :D
 
I still used cash and cheques...I recently did online banking for the first time.
 
Still use them quite a bit, mainly paying the credit card bill when I'm too lazy or can't be bothered waiting at the bank... I use the drop of posting thingy at lloyds.
It's annoys the hell out of Mrs eeyore.
 
eeyore said:
Still use them quite a bit, mainly paying the credit card bill when I'm too lazy or can't be bothered waiting at the bank... I use the drop of posting thingy at lloyds.
It's annoys the hell out of Mrs eeyore.
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I pay my CC bill using my iPhone. Much more convenient!
 
I did use the app last time. I usually forget the log info too...
 
Surely anyone who has internet banking simply has to select pay bill > select payee > enter amount > pay
Much easier than faffing about writing cheques
Cheques are almost as daft as cash in this age
 
Like Ruth, I like cash. If it's in my pocket, I can afford to spend it. I use cards for online shopping and for larger amounts but use cheques to pay utility bills and credit cards. No intention of using internet banking until there's no choice.
 
I'm undecided about the 1p, but the 2p is utterly pointless and should go. Ditto the 10p, which is no smaller than 2x 5ps, so why bother? The £2 coin is also a bit daft - it's only marginally smaller than 2 pounds coins.
Perhaps to replace them we should have a £5 coin. The notes are always really tatty, but a coin would stay in circulation much longer, and it would be nice to have a "beer token" coin again [Yes, I live in London]

So, my coin currency would be 1p, 5p, 20p, 50p, £1, £5 and notes thereafter. Replaces our current 8 coins (1,2,5,10,20,50,100,200) with just 6 (good for vending machines and cashiers), improves circulation life of £5 and still allows values denominated in pennies to be settled in cash.
In fact, do we even need a 50p? Maybe make the 20p a 25p and ditch the 50p.
 
Tigger.ufo said:
I still get paid in a mixture of cash and cheques from my customers whose average age is approx. 80yrs, none of whom have any desire to use anything else...

...just sayin... :D
Click to expand...

my grandad has more tech than i do.. :D

Nod said:
Like Ruth, I like cash. If it's in my pocket, I can afford to spend it. I use cards for online shopping and for larger amounts but use cheques to pay utility bills and credit cards. No intention of using internet banking until there's no choice.
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but then its easy to keep track if you know your standard outgoings per month, plus balance checker apps etc. out of interest why no intention of internet banking?



seriously though i appriciate physical cash will never be killed off. although i can see it ending up being a 90% cashless environment in a few years.

cheques really do need to die though.
 
Dave1 said:
You are quite unique, I don't know anyone who buys their fuel as 5L or 10L at a time, most people would buy £10 or £20 of fuel and receive 10.69L or 21.38L (at today's price ;)).

I don't see the disappearance of small change having any effect on fuel prices.
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I usually buy £10.01 or £20.01 worth of fuel so I'll be lost without the stack of pennies in my ashtray!
 
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