1 cent coins - Whats the point?

ShoulderChip

I don't have stats for the Euro 1 cent but I know this

The US 1 cent coin costs 1.7 cent to manufacture
Takes the average US citizen 2 seconds to earn.
and takes on average two seconds to pick one out your pocket and take it out to use as tender.
70% of us cents never circulate but go straight into coin jar/in the gutter/bin etc

In Holland and I think a few scandinavian countries they have gotten rid of them, yet still price items at 99cent etc (for marketing purposes - you get no change back)

http://www.boards.ie/vbulletin/showthread.php?threadid=2056215282

Kiera

What would the little kids stick up their nose if we didnt have them?

Chaotic_Forces

Because the sales ideas of "it's only 299.99" still works.

ShoulderChip

Chaotic_Forces wrote: »

Because the sales ideas of "it's only 299.99" still works.

yes but it will still work if you pay 300 euro and get no change, you prob just walk away from the till without it anyway

Chaotic_Forces

ShoulderChip wrote: »

yes but it will still work if you pay 300 euro and get no change, you prob just walk away from the till without it anyway

No I meant that the reason things are priced like that is because a lot of people (it does work btw) see it as a bargin. If you see "200" or "199.99", the 199.99 pricetag looks less, even though it's just a cent.

.E_C_K_S.

They make my trocaire box feel heavy.

ShoulderChip

Chaotic_Forces wrote: »

No I meant that the reason things are priced like that is because a lot of people (it does work btw) see it as a bargin. If you see "200" or "199.99", the 199.99 pricetag looks less, even though it's just a cent.

Yes I know that, but marketeers in Holland still price items at 99cent etc they just don't give change to that affect.
It still works then.

TeddyTedson

Look at how it cleans this old penny...
Bang! And the dirt is gone...

Chaotic_Forces

ShoulderChip wrote: »

Yes I know that, but marketeers in Holland still price items at 99cent etc they just don't give change to that affect.
It still works then.

Wouldn;t go to Holland then; feckers stealing my money!

ShoulderChip

ah you'll be fine just buy 5 items at a time

(they don't do 2 cents either)

Yakult

Penny (cent) sweets?

Mike 1972

ShoulderChip wrote: »

In Holland and I think a few scandinavian countries they have gotten rid of them, yet still price items at 99cent etc (for marketing purposes - you get no change back)

Never understood the point of this why not just charge 0.95 ?

We didnt see shops continuing to sell stuff for hapenny amounts after the 1/2p coin was abolished (actually in the years before the bloody things were done away with the only shop that bothered with them was Quinnsworth)

I think Euro coins in general are horrible. There seems to be very little size difference between consecutive denominations making it difficult to tell them apart at a glance. I used to put it down to having moved North when Ireland was still using the punt and therfore never having had the opportunity to get used to using the Euro much but I find now that even when Im in Poland I find the Zloty/groszy much easier to get my head around.

Although insanely the smallest coin in Poland (1 groszy) is worth about a quarter of one cent.

ShoulderChip

Yakult wrote: »

Penny (cent) sweets?

They died out when we changed to the euro unfortunately

darragh16

Can't get rid of them? What about D.I.D. electrical. They wouldn't know what to do!

Micky Dolenz

Kiera wrote: »

What would the little kids stick up their nose if we didnt have them?

Marbles?

In Australia, the smallest coin they have is a 5c, but things were still on sale for $xx.99. It always amused me when I would demand my 1 cent. Much to the annoyance of the shop clerk, probably thinking, here we go again.

TeddyTedson

You can actually play a really fun game with them next time your in the pub with your mates. When people are starting to get a bit drunk, wait for one of them to go to the toliet, and BAM! Drop the penny in to their pint. They'll come back and more times that not end up drinking the coin with their pint often without even realising

saywhatyousee

they should do away with 1,2,5 and just price everthing in 10 c denominations

the groutch

would our uneven VAT/Income Tax rates might have something to do with it?

ShoulderChip

the groutch wrote: »

would our uneven VAT/Income Tax rates might have something to do with it?

No

of course not

firstly this would even up with some people being under some over

Also it costs the government a heck of a lot of money to manufacture these stupid coins

garr23

Chaotic_Forces wrote: »

Wouldn;t go to Holland then; feckers stealing my money!

They round-down in the Netherlands as well as round-up though, so if something in the supermarket costs €1.66 or €1.67 you'll be charged €1.65. If it costs €1.68 or €1.69 you'll be charged €1.70. Swings 'n' roundabouts.

Chaotic_Forces

garr23 wrote: »

They round-down in the Netherlands as well as round-up though, so if something in the supermarket costs €1.66 or €1.67 you'll be charged €1.65. If it costs €1.68 or €1.69 you'll be charged €1.70. Swings 'n' roundabouts.

Could you imagine how bad that is?

I SAW THIS MILK FOR €1.67!

That'd be gas.

syklops

ShoulderChip wrote: »

I don't have stats for the Euro 1 cent but I know this

The US 1 cent coin costs 1.7 cent to manufacture
Takes the average US citizen 2 seconds to earn.
and takes on average two seconds to pick one out your pocket and take it out to use as tender.
70% of us cents never circulate but go straight into coin jar/in the gutter/bin etc

In Holland and I think a few scandinavian countries they have gotten rid of them, yet still price items at 99cent etc (for marketing purposes - you get no change back)

http://www.boards.ie/vbulletin/showthread.php?threadid=2056215282

Were you watching The West Wing today, because I was and there was an episode dealing with your sentiments.

Here in Czechia the smallest coin is the 1 czk coin which equates to about 4 euro cent(which has purchasing power) however, you regularly see prices such as 4.90. The smallest amount you can pay for an item such as that is 5 czk and you can expect no change.

Forest Master

syklops wrote: »

the 1 czk coin which equates to about 4 euro cent

WTF is "4 euro cent"?

Chaotic_Forces

Forest Master wrote: »

WTF is "4 euro cent"?

I'm guess he/she mean the currency that's Euro and 4 cent.

So basically €0.04

emanresu

Forest Master wrote: »

WTF is "4 euro cent"?

€0.04
It's a common term to distinguish it from
$0.04

wurzlitzer

I used to live with a girl who used throw the one cent and two cent coins in the bin...
she would even hoover them up on purpose

I suggested she get a piggy bank
she looked at me as if i was a miser

Chaotic_Forces

wurzlitzer wrote: »

I used to live with a girl who used throw the one cent and two cent coins in the bin...
she would even hoover them up on purpose

I suggested she get a piggy bank
she looked at me as if i was a miser

Many people would, TBH. But it's funny, when I was a kid I would count up all the 1 and 2 pence coins and have like 15 pounds and would just go to the bank with them. Family didn't mind since they basically just said "well if he can count 15 pounds in 1 pence he deserves it". :P

wurzlitzer

well i still collect them

but i feck them in the cash machine thingeys they have in tesco
they take a 10% cut

saves me having to count them..
always buy myself something nice afterwards, as i have the effort to drag the bag down to tescos

Biggins

ShoulderChip wrote: »

1 cent coins - Whats the point?

No idea. There's no cents in it!

ShoulderChip

Biggins wrote: »

No idea. There's no cents in it!

beautiful

Daegerty

at the rate we are going we could soon end up with nothing more than 1c coins we'll be so poor

mikemac

I remember the half penny in Ireland in the early 80's

Feeling old

deathrider

Legend has it that if you collect 100 one-cent coins, they become a euro :eek:

Kewreeuss

We were ok, we went from a currency unit that was high percentage of the Euro. For the countries that had a currency with a low percentage, ie Italy, where a thousand lire was less than 50 cent, the one and two cent coin would have had more value than it does to us. I think Greece was another. Rounding things up would have increased the cost of living.
As it was, the euro was a disaster for those countries

Adam

THERES A COCK AND BALLS ON YOUR 2 EURO COINS!! fact.

123balltv

I have a feeling euros will be a thing of the past
we will default and start again with another currency

I always pick the 1c off the ground I believe in all that good luck crap
especially after I buy a quickpick

poisonated

I don't understand. What would happen if you were to pay the advertised price in Holland. You could easily bring one cent coins with you when you go there.

Kewreeuss

Ah Adam, a cock and bull story, it's only norway and sweden:D

Unpossible

poisonated wrote: »

I don't understand. What would happen if you were to pay the advertised price in Holland. You could easily bring one cent coins with you when you go there.

I did that without thinking one time in finland. I had come back from ireland the day before and happened to have 1c in my pocket when buying something that was 10.56 so when I gave the exact change I got a very confused look, they just handed it back and did their rounding off.

Its not bad having no 1c and 2c, the problem is I don't know if I trust many Irish shops to round down and not always round up.

ShoulderChip

This thread is lovely.

Adam

Kewreeuss wrote: »

Ah Adam, a cock and bull story, it's only norway and sweden:D

yeah but have you ever actually looked at them? it's the pre-2007 versions only if i recall correctly. that's no geographical slip!