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.
this post was submitted on 18 Jun 2023
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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.
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.
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?
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
making it a kid's game is a good idea, but you could also try to go around local shops and ask if they are low on coins, they'd probably give you 1 to 1
What I'm questioning myself is If we would remove the 1 and 2 cent pieces Would they in the future increase in value because of them being rare.
Nah, the 1 and 2 cent pieces of the currency Germany had before the Euro isn't worth shit. I bet that people still find a bunch of them in couches etc ^^
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.
I am in favour. But let's go ever further and get rid of cash entirely.
Aren't there already some Euro-Countries that abolished 1 and 2 cent coins?
Just looked it up: Finland, Netherlands, Belgium, Italy and Ireland.
I haven't seen them a lot lately in Austria...
Austria still totally uses 1/2ct coins. If you are one of the weirdos who still pays in cash, that is.
Why would be one a weirdo if they pay in cash?