MoneySaving Poll: Is it time to ditch 1p and 2p coins?

Former_MSE_Sam_M

Poll started 27 October 2015

Is it time to ditch 1p and 2p coins?

Ireland is aiming to stop producing 1 and 2 cent coins – to get there it wants to encourage shops to round prices down or up to the nearest five cents.

Should we aim to ditch copper coins in the UK too? Which is nearest to your view?

Click here to vote in the poll

Did you vote? Are you surprised at the results so far? Have your say below. To see the results from last time, click here.

If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.

Thanks!


[threadbanner]box[/threadbanner]

Butterfly_Brain

This will just increase prices when the poorest are already struggling with bearing the brunt of the cuts

Anatidaephobia

It would be easier if we didn't bother with them; they do seem to inconvenience most people - but I agree that the likely result is that prices will therefore be rounded up rather than down.

Ectophile

I used to save 1p and 2p coins to put in the coffee machines at work. But they don't take anything less than 5p now.

Instead, every 1p or 2p coin I get now just gets shoved into a charity tin. They are utterly useless to me.

Mandelbrot

Ectophile wrote: »

I used to save 1p and 2p coins to put in the coffee machines at work. But they don't take anything less than 5p now.

Instead, every 1p or 2p coin I get now just gets shoved into a charity tin. They are utterly useless to me.

So if the 1p and 2p coins were scrapped, various charities would lose out? :think:

Mandelbrot

Shouldn't there have been an option :
"Keep them - they serve a useful purpose"

:think:

Murphybear

I find loads of 1,2 and 5 p coins which people have dropped. Car parks are the best places. They go into a pottery cow and every so often bagged up and paid into the bank. Many goods have prices that end in 95 or 99 p so if these are scrapped then prices will rise.

mbb123

while it is nice having each age group analysis it makes it very difficult to see the overall picture as an awful lot more people from some age groups vote. can we also have a chart showing all votes added together please.

wee1jw

1) Prices will go up, yes, only by 1p in most instances, but 'look after the pennies...' It will soon all add up.
2) Like a previous poster- if there's a charity tin at the till, my coppers usually go in it. If lots of people do this, charities will loose out. To the poster who quoted this with a :think: yes, charities will loose out because although I donate in other ways, as I'm sure most do, this is an additional income that will be lost. Hopefully people will start dropping 5ps in instead!
3) Coppers are a good way for us as a family to save for 'fritteries' on holiday. Our coppers jar at home usually pays for a nice family day out plus extras such as ice creams & souvenirs.
4) My 2 young children are learning the value of money and saving using 1p, 2p & 5p coins.
So yes, they are a bit useless to some, but for a lot of people, they are their 'bread and butter'.

takman

Personally I think all prices that are 99p, £1.99 etc should be rounded up to the nearest £1 because having lots of 1 and 2 penny's takes up a lot of room for little value. Obviously when paying by card this doesn't matter which I do as much as possible.

But you can't get rid of them because thousands of 2p machines in arcades will become unusable!.

elsien

They'd have to re brand the 99p store as the " 99p and a bit" store.
And when I buy my four mushrooms and a carrot off the market for 32p, I presume I'd now pay over the odds each time?