Your 1c and 2c coins are not welcome in Wexford Town

Theta · 17-09-2013 04:36PM

Nay

LillySV wrote: »

so no one here sees this as an opportunity for businesses to round most things up...bringin up the cost of everyones weekly shoppin...which in turn will make others bring up their costs to cover that cost...ya know...that thing called "inflation"....

does anyone here remember the euro changeover where the govt promised that the changeover wouldnt result in higher prices...but in reality most things did go up shortly afterwards ..things ended up costing alot more as businesses saw the opportunity to fool the consumer...and the same will happen here..greedy irish:mad:

Ok so what happens is the price in the shop stays the same i.e your biscuits are still 1.26 or 1.28 and when you get to the till the TOTAL price of all your shopping is rounded. Not the individual price so at most the cost to the consumer is a 2 c loss or a 2 c profit.

As in your total bill for all your shopping is 109.87 becomes 109.85 or in the swedish case if you pay by credit card its still 109.87

Fred Swanson · 17-09-2013 04:39PM

This post has been deleted.

enda1 · 17-09-2013 04:43PM

That pricing psychology is funny. I think there's also an IMDB scoring psychology:
6.9 - Nah couldn't be bothered, must be shit..
7.0 WOW it's gonna be a great film, really looking forward to this!

dj jarvis · 17-09-2013 04:46PM

Nay

when rounded up the major stores are donating the amount to charity - so mot a conspiracy to rip the good folk of Wexford off,

loads of European country's do this already

the Irony is that we get one of the country's who has banned 1 and 2 cent coins to mint ours , at a loss.

i was listening to the radio today , they were interviewing some old bint who was "outraged" that they might be taking one cent off her , she exclaimed that " they all add up , 5c is a LOT of money " FFS !!!

as usual the Irish will have to be dragged kicking and screaming , while reciting a hundred decades of the rosary , and screaming for justice for the little ones , just because a GOOD idea from somewhere "foreign" is introduced. :rolleyes:

LillySV · 17-09-2013 04:50PM

Undecided

Theta wrote: »

Ok so what happens is the price in the shop stays the same i.e your biscuits are still 1.26 or 1.28 and when you get to the till the TOTAL price of all your shopping is rounded. Not the individual price so at most the cost to the consumer is a 2 c loss or a 2 c profit.

As in your total bill for all your shopping is 109.87 becomes 109.85 or in the swedish case if you pay by credit card its still 109.87

that would be fine if that was how it was to be handled but this is greedy ireland where the boys in govt look after the big boys...i cant imagine them introducin a fair system,...they would have to tweak it for the big boys!

Theta · 17-09-2013 04:55PM

Nay

LillySV wrote: »

that would be fine if that was how it was to be handled but this is greedy ireland where the boys in govt look after the big boys...i cant imagine them introducin a fair system,...they would have to tweak it for the big boys!

Urgh god pleasseeee cant we stop with this........

LillySV · 17-09-2013 05:16PM

Undecided

dj jarvis wrote: »

when rounded up the major stores are donating the amount to charity - so mot a conspiracy to rip the good folk of Wexford off,

loads of European country's do this already

the Irony is that we get one of the country's who has banned 1 and 2 cent coins to mint ours , at a loss.

i was listening to the radio today , they were interviewing some old bint who was "outraged" that they might be taking one cent off her , she exclaimed that " they all add up , 5c is a LOT of money " FFS !!!

as usual the Irish will have to be dragged kicking and screaming , while reciting a hundred decades of the rosary , and screaming for justice for the little ones , just because a GOOD idea from somewhere "foreign" is introduced. :rolleyes:

yeah major stores in wexford are doin that at mo..they are the trial town that is goin to try convince the public to accept it..doesnt mean that practice will continue once its brought in nationwide!

Theta wrote: »

Urgh god pleasseeee cant we stop with this........

this is a forum...its for people on both sides to discuss things...p.s dont take the name of our lord god in vain!;)

Theta · 17-09-2013 05:23PM

Nay

LillySV wrote: »

this is a forum...its for people on both sides to discuss things...p.s dont take the name of our lord god in vain!;)

Oh please lets discuss things that is the whole idea but the pessimistic...govt this... bankers that.... is really ruining boards, well for me it is anyway as all conversations seem to devolve into it.

Missyelliot2 · 17-09-2013 05:34PM

enda1 wrote: »

That pricing psychology is funny. I think there's also an IMDB scoring psychology:
6.9 - Nah couldn't be bothered, must be shit..
7.0 WOW it's gonna be a great film, really looking forward to this!

Am guilty of this :rolleyes::o

Mr. G · 17-09-2013 05:37PM

Nay

Eli Manning wrote: »

Link

So if you're buying something for €1.26 it gets rounded down to €1.25 and something for €1.29 will now cost €1.30. I think rounding is pretty silly. 1c and 2c should be removed fully and shops should be banned for selling products that would require the use of such coins. The idea to remove them is a good one but the way its being put into practice in Wexford Town is wrong. 1c and 2c coins are a nuisance to business and customers and it's estimated that the majority of 1c and 2c coins spend the majority of their use in jars and not actually in circulation.

Something for €9.99 is psychological pricing. The cost to produce a 1c coin is 1.07c and the cost to produce a 2c coin is over 2c too. So what do you say AH; Ban these dammed coins?

You could just pay by card...

Nemeses · 17-09-2013 05:38PM

Missyelliot2 wrote: »

Am guilty of this :rolleyes::o

You should be moved to the Prison section of Boards..

Justice will be served......

Jesus Wept · 17-09-2013 05:41PM

ArmaniJeanss wrote: »

So selling product by weight should be banned then, seeing as Bananas at €1.20 a kg is 80% of the time not going to come to a figure ending in 5 or 0.

It should be sold by bananna, bannannas are banannnas like.

LillySV · 17-09-2013 05:44PM

Undecided

Theta wrote: »

Oh please lets discuss things that is the whole idea but the pessimistic...govt this... bankers that.... is really ruining boards, well for me it is anyway as all conversations seem to devolve into it.

well obviously other people on boards agree with me then that we need to protest and demand a fairer system than we currently have!!we need to fight this govt to avoid gettin continually screwed!

anyways i hope any system that is forced on us is proper and enforced better than the banks were here by the current and last few financial regulators!

:D

ScumLord · 17-09-2013 06:00PM

I don't know, I've never been all that inconvenienced by the 1c and 2c. I never really use them but they can give me a nice few euro in savings at the end of the year.

As this initiative is coming from banks I don't trust it. While one or two cent isn't much to us it could work out to hundreds of thousands for them. I think they'll just suck up the value of those coins for their own profiteering.

Allyall · 17-09-2013 06:01PM

Undecided

You can bring to a Eurospar i know, where they just don't give you change if it's less than 10cents.
I have stood there waiting for 2c on the odd occasion, to put in the poor box, just so they don't keep it. They pretend they didn't realise.

More often than not, i'm in a hurry, and i use it because it's on my way, no choice. They always try to keep it.

Fred Swanson · 17-09-2013 06:03PM

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kneemos · 17-09-2013 06:10PM

Fred Swanson wrote: »

This post has been deleted.

Piss off a few customers and they're at a loss.

PizzamanIRL · 17-09-2013 06:30PM

What's the point of the shop marking something as 1.26 if they know the person will only be charged 1.25? Just mark it as 1.25 and keep it simple.

kneemos · 17-09-2013 06:36PM

PizzamanIRL wrote: »

What's the point of the shop marking something as 1.26 if they know the person will only be charged 1.25? Just mark it as 1.25 and keep it simple.

It's the total price though innit.

enda1 · 17-09-2013 06:36PM

PizzamanIRL wrote: »

What's the point of the shop marking something as 1.26 if they know the person will only be charged 1.25? Just mark it as 1.25 and keep it simple.

Few transactions are single item transactions. It's the cumulative bill which would be adjusted.

pajor · 17-09-2013 06:41PM

It's a toughy really. The gf is Dutch and it's nice not to get them in your change over there.

However if you look after the pennies, the pound will look after themselves.

That's my two cents.

Tomk1 · 17-09-2013 07:29PM

Nay

Back when we had punts, prices where £9.99 and such, but now in € we find prices are €xx.99 so the whole rounding gain/loss to €10 is an illusion.
An item has a price that's allready been rounded by being brought up/down to the €xx.x9 pricing. The punt value of £xx.x9 does not equate to an €xx.x9 equivalent value.

I allways use plastic gets rid of crap-change, bonus you don't have any change for beggers at the checkout.

Well done Wexford, hope it goes nationwide.

Sh1tbag OToole · 17-09-2013 07:31PM

Undecided

Its the currency itself thats wrong if 1 and 2 cent pieces aren't worth the trouble. They should re-value the euro at 1 old euro = 10 new euro, that way a cent would be worth stooping down for

SeanW · 17-09-2013 11:28PM

I've always hated "psychological pricing."

I have a better idea - get rid of the 1c and 2c coins but introduce "round down" laws.

So if you want €1 for something but psych-price it at €0.99, you have to take 95c for it.

ScumLord · 17-09-2013 11:31PM

SeanW wrote: »

I've always hated "psychological pricing."

I have a better idea - get rid of the 1c and 2c coins but introduce "round down" laws.

So if you want €1 for something but psych-price it at €0.99, you have to take 95c for it.

Round down laws wouldn't work. Shops can charge whatever they like for products. They can simply put the price up and round it down again. Make no mistake, it's the consumer that will be paying the difference.

SeanW · 17-09-2013 11:35PM

Perhaps, but their ability to psych-price would be limited.

If they wanted to charge €1 for something and be sure of not having to take less than 99c, they would have to charge €1 instead of 0.99.

Dempsey · 17-09-2013 11:40PM

Seen this for myself in Australia, its quite handy but in depression Ireland it will be just another way to rip off consumers.

Who's responsible (paying) for collecting and analyzing the data from the Wexford town experiment??

AlanS181824 · 17-09-2013 11:49PM

Don't the 1c/2c actually cost more to make than their value?
Edit: Just read Op's post... Oopsies!
It'd feel weird for me not having them but then again let's see what happens!
Double Edit: Woop 700 posts

Cookie_Monster · 17-09-2013 11:54PM

LillySV wrote: »

so no one here sees this as an opportunity for businesses to round most things up...bringin up the cost of everyones weekly shoppin...which in turn will make others bring up their costs to cover that cost...ya know...that thing called "inflation"....

prices of items remain unchaged and only the total is rounded. Doesn't affect cards, only cash.

AlanS181824 wrote:

Don't the 1c/2c actually cost more to make than their value?

yes but they only have to be made once, they can be used 1,000s of times

Banjoxed · 18-09-2013 10:59PM

Undecided

Ugh. Another excuse for inflationary pricing.

Your 1c and 2c coins are not welcome in Wexford Town

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