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

135

Comments

  • Closed Accounts Posts: 5,756 ✭✭✭demanufactured


    Great for putting on the railway track


  • Registered Users, Registered Users 2 Posts: 8,822 ✭✭✭ShooterSF


    ScumLord wrote: »
    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.

    Our government loses money minting 1 and 2 cent coins that most people find useless. Our economy didn't collapse when we abandoned the half penny but it would be ludicrous to still be producing them.
    Banjoxed wrote: »
    Ugh. Another excuse for inflationary pricing.

    How? No prices are changed with this method? Have you read up on how it works?


  • Registered Users, Registered Users 2 Posts: 1,656 ✭✭✭somefeen


    Undecided
    What happens if I change money from 10 sterling to Euro and it comes out as 8.27? Are they going to round it up and give me a few cents. Are they ****!


  • Closed Accounts Posts: 9,085 ✭✭✭SpaceTime


    Undecided
    somefeen wrote: »
    What happens if I change money from 10 sterling to Euro and it comes out as 8.27? Are they going to round it up and give me a few cents. Are they ****!

    they'll give you a fiver for your own convenience


  • Registered Users, Registered Users 2 Posts: 3,196 ✭✭✭MonkstownHoop


    Undecided
    Bus drivers are going to hate me and my bags of coppers over the next few months


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  • Registered Users, Registered Users 2 Posts: 8,822 ✭✭✭ShooterSF


    somefeen wrote: »
    What happens if I change money from 10 sterling to Euro and it comes out as 8.27? Are they going to round it up and give me a few cents. Are they ****!

    No you'd get 8.25. You know how rounding to the nearest 5c works right?


  • Registered Users, Registered Users 2 Posts: 1,656 ✭✭✭somefeen


    Undecided
    ShooterSF wrote: »
    No you'd get 8.25. You know how rounding to the nearest 5c works right?

    But those are my 2 cents!! :mad:


  • Registered Users, Registered Users 2 Posts: 8,822 ✭✭✭ShooterSF


    somefeen wrote: »
    But those are my 2 cents!! :mad:

    I'd hate to have to split a tab with you that ended in an odd number it must end up with ya sobbing in the corner bemoaning the end of the halfpenny :P


  • Closed Accounts Posts: 21,723 ✭✭✭✭Fred Swanson


    This post has been deleted.


  • Registered Users, Registered Users 2 Posts: 11,318 ✭✭✭✭mdwexford


    Lot of stupidity in this thread.

    Rounding is great crack so far.

    In Tesco the checkout people actually have a little card system that tells them 1 or 2 = down, 3 or 4 = up, 6 or 7 = down, 8 or 9 = up. Had to stifle the laughter when yer woman was checking it yesterday to see what to do with my change.


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  • Registered Users, Registered Users 2 Posts: 3,824 ✭✭✭FanadMan


    Undecided
    Sorry if it's been said before but the 1c and 2c coins aren't used Finland and some other Scandinavian countries.....and haven't for years. Not sure if it's right though - if you have a bill just under a full Euro like €17.98 and you hand over €20, you only get €2 back. Think it's just profiteering - if a supermarket makes 1c or 2c on every transaction, they must make a fortune every year.

    A few years ago there was some auld biddy complaining on coughJoecoughDuffy about Tesco staff not having 1c change in the tills. Have to say I listened and there were loads of people shouting for managers in Tesco after that.

    If the Finnish idea came in here, there would be war! And I would be one of the people at the front. If I'm owed 1c change, I will stand and wait for it. Normally I'll drop it into the nearest charity box. It might not make a difference there but would rather give it to them than to a massive corporation like Tesco.


  • Registered Users, Registered Users 2 Posts: 11,318 ✭✭✭✭mdwexford


    We should all plan so our shopping comes to 17.97 then so we will all get rounded down 2 cents and put these pesky shops out of business.

    That'll show em.


  • Registered Users, Registered Users 2 Posts: 41,160 ✭✭✭✭Xavi6


    FanadMan wrote: »
    Sorry if it's been said before but the 1c and 2c coins aren't used Finland and some other Scandinavian countries.....and haven't for years. Not sure if it's right though - if you have a bill just under a full Euro like €17.98 and you hand over €20, you only get €2 back. Think it's just profiteering - if a supermarket makes 1c or 2c on every transaction, they must make a fortune every year.

    Or if your shop comes to €17.97 it gets rounded down and the supermarket gives you €2.05 back, therefore losing the two cents. It's not necessarily profiteering, just a system that works very well.

    It's one of the things I like about Australia, no fiddly little coins. They bug the hell out of me whenever I'm home.


  • Registered Users, Registered Users 2 Posts: 1,521 ✭✭✭ardle1


    Yes it's true I'm sorry, but don't worry P.M me immediately,I will send you my PayPal account name, we have a system in place for disposal. By authority of the Government of the Republic of Ireland under section 1 and 2 for the disposal of herewith.[/U]


  • Registered Users, Registered Users 2 Posts: 3,824 ✭✭✭FanadMan


    Undecided
    Xavi6 wrote: »
    Or if your shop comes to €17.97 it gets rounded down and the supermarket gives you €2.05 back, therefore losing the two cents. It's not necessarily profiteering, just a system that works very well.

    Never had that happen to me in Finland......was always rounded up to the nearest Euro or 5c.


  • Registered Users, Registered Users 2 Posts: 1,521 ✭✭✭ardle1


    Yes it's true I'm sorry, but don't worry P.M me immediately,I will send you my PayPal account name, we have a system in place for disposal. By authority of the Government of the Republic of Ireland under section 1 and 2 for the disposal of herewith.


  • Registered Users, Registered Users 2 Posts: 41,160 ✭✭✭✭Xavi6


    FanadMan wrote: »
    Never had that happen to me in Finland......was always rounded up to the nearest Euro or 5c.

    Really? Ok, fair enough, in that case it is profiteering!

    In Oz it's to the closest five up or down and coins go from five cents up (obviously the rounding only applies to cash transactions).


  • Registered Users, Registered Users 2 Posts: 3,824 ✭✭✭FanadMan


    Undecided
    Xavi6 wrote: »
    Really? Ok, fair enough, in that case it is profiteering!

    In Oz it's to the closest five up or down and coins go from five cents up (obviously the rounding only applies to cash transactions).

    I wanted to start complaining but my Finnish ex stopped me - really hated that they were not only making a profit on the mark-up but also on the change too. But the strange this is, the 1 and 2c coins are still legal tender there. It's just that the shops don't want to handle them.


  • Registered Users, Registered Users 2 Posts: 8,822 ✭✭✭ShooterSF


    CGP Grey on why (American) pennies need to die



    Oh and I don't see anyone here complaining about shops rounding off to the nearest cent when it comes to applying VAT. I want my 31/100 of a cent dammit!!


  • Registered Users, Registered Users 2 Posts: 1,504 ✭✭✭vickers209


    Nay
    So if I buy petrol that costs €60.02 I can just pay 60 and they cant do anything?
    Good few times I've gone over by a cent or two and il give them 70 they will purposely route through the till and give me €9.98 change back.


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  • Registered Users, Registered Users 2 Posts: 45,498 ✭✭✭✭Basq


    Nay
    vickers209 wrote: »
    Good few times I've gone over by a cent or two and il give them 70 they will purposely route through the till and give me €9.98 change back.
    Jaysus.. you've going to the wrong service stations if that's the case.

    That's the only place I can see of being abused if the rounding system goes nationwide.. everyone will fill to 2c over their intended amount.. which could add up.

    Though it would only apply if paying by cash, which I rarely do - and judging by the queue in front of me yesterday paying with cards, I don't think many others do either.


  • Registered Users, Registered Users 2 Posts: 7,231 ✭✭✭Fad


    Nay
    vickers209 wrote: »
    So if I buy petrol that costs €60.02 I can just pay 60 and they cant do anything?
    Good few times I've gone over by a cent or two and il give them 70 they will purposely route through the till and give me €9.98 change back.

    In fairness, I used to work in a petrol station and there'd be people who'd come in every day or every other day a few cents over, they used the pumps regularly and in all likelihood they knew when it would stop or not.

    Anyway, most of the time when I went to break someone's note for the few cents (one or two would be let go, if they were nice they'd get away with more) they'd always manage to produce the few cents from their pocket... Is there some form of thrill gotten from 'stealing' tiny amounts of money?

    Also, it has an impact on the person on the tills, the amount their till is under will be exaggerated (if the station is in anyway busy) by the unpaid cents over the course of a shift.

    I hated people who did that, just put the right amount into your car, it's not like petrol pumps are new >_<


  • Registered Users, Registered Users 2 Posts: 1,258 ✭✭✭Steven81


    I was in Finland for 4 months when the euro came out and there were no 1 and 2c and the bill was rounded to the nearest 5c, thought it was a great idea, for those who worry about every cent you gain one day you lose the next. The only thing that annoyed me is that the 5c became the new 1 and 2c in the pocket.


  • Registered Users, Registered Users 2 Posts: 8,111 ✭✭✭Christy42


    Nay
    People realise that the shops are allowed to increase their prices without this anyway right? It isn't like they are waiting for this to be allowed up their prices. I reckon some quick mental work (you only need the last digit) before the till on smaller amounts of items will allow people to figure if it will be rounded up or down and decide to use card. I see the shops losing a few cents over this rather than gaining it.


  • Registered Users, Registered Users 2 Posts: 1,014 ✭✭✭MonaPizza


    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?

    This was being done in Holland in 2002. Ireland at the forefront as usual :rolleyes:


  • Registered Users, Registered Users 2 Posts: 22,609 ✭✭✭✭kneemos


    Christy42 wrote: »
    People realise that the shops are allowed to increase their prices without this anyway right? It isn't like they are waiting for this to be allowed up their prices. I reckon some quick mental work (you only need the last digit) before the till on smaller amounts of items will allow people to figure if it will be rounded up or down and decide to use card. I see the shops losing a few cents over this rather than gaining it.

    Not having to handle the cursed things I imagine is where they'll make the killing.
    Maybe they'll pass on some of the savings?


  • Registered Users, Registered Users 2, Paid Member Posts: 21,557 ✭✭✭✭Alun


    Nay
    MonaPizza wrote: »
    This was being done in Holland in 2002. Ireland at the forefront as usual :rolleyes:
    It was being done waaay before that with the guilder before the euro was even introduced.


  • Closed Accounts Posts: 1,285 ✭✭✭An Coilean


    Nay
    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.


    no, just instead of the price changing in 1c units depending on weight, it would change in 5c units on the scales.


  • Closed Accounts Posts: 12,468 ✭✭✭✭OldNotWIse


    Nay
    vickers209 wrote: »
    So if I buy petrol that costs €60.02 I can just pay 60 and they cant do anything?
    Good few times I've gone over by a cent or two and il give them 70 they will purposely route through the till and give me €9.98 change back.

    That's never happened to me :eek:


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  • Registered Users, Registered Users 2, Paid Member Posts: 24,755 ✭✭✭✭Cookie_Monster


    An Coilean wrote: »
    no, just instead of the price changing in 1c units depending on weight, it would change in 5c units on the scales.

    no, only the total at the till would be rounded. You could still buy your 1.23 of bananas by the scales.


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