There are European countries that have no 1 and 2c coins (Netherlands, Belgium, Ireland, Finland). The prices are the same, when you buy something the sum is simply rounded up to the next 5 cents.
Works fine.
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There are European countries that have no 1 and 2c coins (Netherlands, Belgium, Ireland, Finland). The prices are the same, when you buy something the sum is simply rounded up to the next 5 cents.
Works fine.
Here in NL the amount gets rounded to the nearest multiple of five, so for 1.92 you have to pay 1.90 in cash and 1.93 will become 1.95. This so on average you are not overpaying. Digital payments are always exact.
We should have gotten rid of them some time ago.
Get rid of them. I just throw the small coins in a box regularly. A couple if years ago I tried to get rid of them. I found out that my bank would not accept them so easily and when I tried to pay with rolls of cent coins, store owners would be pissed. What the hell am I supposed to do?
Self Checkout machines! take them!
Nooo! My poor Sparschwein will die of hunger :(
Children in elementary schools use coins as an example to learn calculating. They need the 1 cent coins. Is nobody here thinking about the children?
I am all for it. Though here in Germany it would probably give quite a number of people a heart attack not being able to pay an exact amount to the cent.
I feel called out.
No, seriously. Last season I bought some plums from my Turkish greengrocer, he put them on the scales which said 1.01 Euro which he commented with "one Euro". I gave him 1.01 Euro, and got a "can you believe those Almans" look.
They could by paying with card.
Lol. Have you been to Germany? IF you can pay with a card, it has to be a specific card, not everyone accepts credit cards.
They could pay with card, but it's something special here with many of the old folks and cash. Part of the ancient shopping ritual to put out the small coins and delay the queue as long as possible. Why? No idea, apart from "Das haben wir schon immer so gemacht!" (We always did it like this)
Well, cash has privacy by design. So I much prefer that to the American card provider monopoly.
Still convenient when traveling light, I just don't want to rely on it. By regularly paying cash I incentivize the upkeep of the German cash infrastructure.
Austrian here, paying with cash and counting every single coin is still common here.
Now that's good German humor.
Come on now, you know you can only have one at a time. So is it German, or is it humor?
Good riddance! I never use them, collect them and bring them to one of the few banks that still accept coins.
Aren't there already some Euro-Countries that abolished 1 and 2 cent coins?
Just looked it up: Finland, Netherlands, Belgium, Italy and Ireland.
Hungary has in the recent past got rid of 1 and 2 HUF coins. Prices can still be XX99, only total transaction amounts have to be rounded according to official rounding laws, but only if in cash.
It works.
As a swiss person, I get surprised every time the price doesn't automatically round to the next multiple of 5 cents when I'm in the EU. So yes, get rid of them.
croatian here, we recently, in january of this year, switched to euro. im still mindblown by how much 1 cent is (like, 7.5 times more than 1 lipa was). and since i already carry 10 times more coins now then when i did when we used kunas, i really dont mind the 1 and 2 cent coins. in fact, a lot of things here cost x.x3 or x.x7 β¬, so its quite convenient to have some cents in your wallet
Damn that's interesting. In Germany you can maybe get something for 10 cent somewhere, but everything else is at least 20 or 50 cent ^^
Canada got rid of pennies (one-cent pieces) over 10 years ago. Now millennials can't buy houses. Coincidence? ;)
Yep, I'm a big fan of the approach of getting rid of smaller coins and just rounding at the register. The Netherlands already do this and I don't think anyone there misses the small coins.
Absolutely! I carry only a small wallet and hate coins in general. Totally could pass on 1 and 5 Cent coins. Throw them in a box at home (even 10 Cent coins) and have no idea on what to do with them. Brought them to a store once, but they would take 10% and you could only use the money in the store. Found a bank where you can bring them in for 5%, but you would have to roll them up yourself (definitely not gonna do their work and still give them 5%). Maybe I will put it in a chest and bury it somewhere in the forest near a playground so kids can go treasure hunting :D
I just put 1,2 and 5 cents in my kid's piggybank instead of carrying em around.
your poor kid xD
They would be even poorer if I wouldn't do it
I don't have them when paying with my Amexβ¦ And if I have too much of them, I'm kindly asking at the drinks store if I can throw them into their coin counter for payment when not many customers are there. If everything fails I wait until I have 11800 one-cent coins or a mix with 2 cent to pay that β¬118 every 10 years for ID card and passport. Which astonishingly is machine-payable with One and Two-Cent coins.
If you need ways to get rid of them:
Avoid:
So in conclusion: Stores would want to do β¬,99 prices, because that's why you can steal a whole other Euro for every item the customer grabs. Doing .95 would change that unless everyone does it or is forced to do that. Because the lobby from these businesses is too big, we will not see the 1-cent and 2-cent pieces disappear. Milk business will complain that they can't afford selling at 4 cent less and all the others would just make everything + β¬1, so β¬1.99 becomes β¬2.95 and so on.
You shouldn't force the economy to change prices if you don't see them illegally changing prices. Because everything will be getting unnecessarily more expensive then. Enforced pricing should always be a price decrease.
It hasn't been a thing in Ireland since 2015. We have a rounding system in place for cash transactions
In Canada we've removed them and I'm just left wondering why we have 5 and 10 cent pieces now. They're also absolutely useless.
I have a big jar at home putting all copper coins into it out of my wallet from time to time ...
Some stores provide the possibility to round up the sum and donate the difference to a charity. I think this is also a good idea.
They are annoying. I save up a big jar of just 1 and 2 pieces and go to the marts that have self checkouts and take coins and just dump em all in. Otherwise useless