Is it time to ditch the penny?

peter_the_piper

The only coin I would like to ditch is the 20p and replace it with a 25p one.

MarkLS12

peter_the_piper wrote: »

The only coin I would like to ditch is the 20p and replace it with a 25p one.

I don't see the benefit in doing that.
Yes, it would take one coin less to give someone 25p or 35p change, but on the other hand, it would take one coin more to give someone 20p or 40p so no improvement overall.

We don't have £2.50 coins or £25 pound notes, so it wouldn't be in keeping with other notes and coins.

petermcuk

hibbard wrote: »

If we ditch the penny, how would shops survive that offer prices such as £99.99. It's like the pre-decimal 48and a half guineas !!

Err I guess £99.98 with 2p change. However. not many people these days would pay for a £99.99 purchase in cash.

Agree getting rid of 2p makes more sense.

petermcuk

Glowboy wrote: »

Some parking machines do take 5p coins. The operators just don't advertise the fact because they prefer people to use larger denominations.

Great stuff - bag of 5p's in car at all times I look forward to filling up meters! LOL :beer: