Money Altering Suggestions

[BEDROCK]

I am wondering who really bothers with coppers nowadays apart from low rent seaside amusement arcades, meaning 1 + 2 pence pieces.

 

I think our money should have an upgrade and something that businesses can get behind.

 

Regarding pennies, we should deal with 5, 10, 20 and 50

 

Regarding pounds, we should deal with 2, 5, 10, 20 and 50

 

Businesses can work far more easy and we can deal with money much better in multitudes of 2, 5, 10 etc...

 

I walk the streets often and see loads of copper coins on the floor, nobody bothers with them.

 

Price structures and the way things are advertised will be far more logical like saying £175.55 instead of saying £174.77 which is rather counter intuitive to most minds.

 

Things like 99p sound odd compared to 95p which is far easier to deal with, plain odd and even numbers, no ending nonsense digits.

 

I also think the size of pennies should change, how come 5p nowadays is smaller then 1p, 2p being bigger than £1, and size should mean value, so small and larger coins should represent their value.

 

So 5p should be just bigger than the current 1p, 10p slightly bigger, 20p slightly bigger, etc all the way to the £2 coins, all going up in stages, the 20p and 50p should be round instead of hex shaped, all consistent shape across coins.

 

Also, the coins should be slightly thicker, same thickness as the pound coins, easier to hold and deal with.

 

Till floats for businesses would operate far easier with multitudes of 5, 10, 20, 50, and £2 coins.

 

No more assistants figuring out sums when it is much easier to work in easier times tables and patterns.

[Daid]

If you pick the unwanted copper coins up you can exchange them for the silver ones at a bank when you get enough, and why bother to alter the size of coins you want to discontinue?

[I1L2T3]

We need a 99p coin

[dosxuk]

the 20p and 50p should be round instead of hex shaped, all consistent shape across coins.

 

Also, the coins should be slightly thicker, same thickness as the pound coins, easier to hold and deal with.

 

Can you think of any negatives of having all coins the same thickness and shape?

 

And why are you getting rid of the £1 coin? If something costs £1.05, you now have to use a minimum of three coins.

[Chrissoftley]

If you get rid of the 1p coin everything that's now priced at £*.99 will either have to be reduced to £*.95 (doubtfull) or increased to £*.05 Might not seem much to the average person but to big companies like for example Boots or Tesco it's millions of pounds extra profit every year.

[GoGo_dancer]

What, you mean you don't take all your coppers to the supermarket and feed them into the self-service checkout tills one...coin...at...a...time?

 

People waiting behind you really love it!

[Guest]

Can you think of any negatives of having all coins the same thickness and shape?

 

If you're blind it's going to be damned hard to work out what change you have! Plus how are machines that take change supposed to know what you used?

[TheBlueDragon]

I actually save all my 1s and 2s in my car then when I have a tub full I bag them up into £1s and give them to my neice and nephew. I quite like the system we have now

[poppet2]

 

I walk the streets often and see loads of copper coins on the floor, nobody bothers with them.

 

How times have changed. When I was a child you could get plenty of sweets for a penny. (Old penny).

[jfish1936]

Here in Australia we got rid of the copper 1s and 2s, the 5 being the smallest coin.

Things are still priced $1.99, the Goods & Services tax being included..

If you are paying cash, your total bill is rounded to the 5 unit nearest.

So to buy one item at $1.99 costs you $2.

But to buy three, which totals $5.97, costs $5.95

 

The USA has to keep its small coins, because they quote you a price, say $6, and then add a tax of , say, 7.8%, which needs the small coins for the tax.