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Re: Why can't we get rid of 1p, 2p, 5p coins?

From "Commander Kinsey" <CFKinsey@military.org.jp>
Newsgroups uk.finance
Subject Re: Why can't we get rid of 1p, 2p, 5p coins?
Date 2019-05-19 16:26 +0100
Organization X
Message-ID <op.z11mhwwzwdg98l@desktop-ga2mpl8.lan> (permalink)
References (7 earlier) <2kesde9349cpca60vb15v79hnd4ordfb23@4ax.com> <op.z1yadmj1wdg98l@desktop-ga2mpl8.lan> <2jrudedr3ss4naracjtg3vrcehpckcp1g7@4ax.com> <op.z1zoc3lnwdg98l@desktop-ga2mpl8.lan> <0up2eetcn562iivvbl4hojl9nfocgan7en@4ax.com>

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On Sun, 19 May 2019 15:31:56 +0100, Chris in Makati <mail@nospam.com> wrote:

> On Sat, 18 May 2019 15:11:17 +0100, "Commander Kinsey"
> <CFKinsey@military.org.jp> wrote:
>
>> On Sat, 18 May 2019 03:32:40 +0100, Chris in Makati <mail@nospam.com> wrote:
>>
>>> On Fri, 17 May 2019 21:11:36 +0100, "Commander Kinsey"
>>> <CFKinsey@military.org.jp> wrote:
>>>
>>>> On Fri, 17 May 2019 05:51:31 +0100, Chris in Makati <mail@nospam.com> wrote:
>>>>
>>>>> On Thu, 16 May 2019 00:33:56 +0100, "Commander Kinsey"
>>>>> <CFKinsey@military.org.jp> wrote:
>>>>>
>>>>>> On Thu, 16 May 2019 00:18:18 +0100, Chris in Makati <mail@nospam.com> wrote:
>>>>>>
>>>>>>> On Wed, 15 May 2019 12:09:03 +0100, "Commander Kinsey"
>>>>>>> <CFKinsey@military.org.jp> wrote:
>>>>>>>
>>>>>>>> On Wed, 15 May 2019 06:09:22 +0100, Chris in Makati <mail@nospam.com> wrote:
>>>>>>>>
>>>>>>>>> On Mon, 13 May 2019 15:59:43 +0100, "Commander Kinsey"
>>>>>>>>> <CFKinsey@military.org.jp> wrote:
>>>>>>>>>
>>>>>>>>>> On Mon, 13 May 2019 01:11:07 +0100, Chris in Makati <mail@nospam.com> wrote:
>>>>>>>>>>
>>>>>>>>>>> On Sun, 12 May 2019 16:24:04 +0100, "Commander Kinsey"
>>>>>>>>>>> <CFKinsey@military.org.jp> wrote:
>>>>>>>>>>>
>>>>>>>>>>>> Why can't we get rid of 1p, 2p, 5p coins?  They're virtually worthless.
>>>>>>>>>>>
>>>>>>>>>>> We can get rid of them, but the Treasury has decided not to.
>>>>>>>>>>>
>>>>>>>>>>> If we did then prices would have to be rounded off to the nearest 5p,
>>>>>>>>>>> and you can bet your life they'd be rounded UP to the nearest 5p.
>>>>>>>>>>
>>>>>>>>>> Rubbish.  Prices are governed by competition between businesses.  If you currently buy something in Asda for 47p, they could make it 50p, but Tesco might make it 45p and everyone would go there instead.
>>>>>>>>>
>>>>>>>>> So even if (and it's a very big if) Tesco did reduce the price from
>>>>>>>>> 47p to 45p and Asda increased it to 50p then the average price of that
>>>>>>>>> product has increased by 0.5p.
>>>>>>>>>
>>>>>>>>> You must have forgotten what happened in 1971 with decimalisation.
>>>>>>>>> Prices had to be rounded off, and in almost every case they were
>>>>>>>>> rounded upwards.
>>>>>>>>>
>>>>>>>>> Rather than reducing the price to 45p, past experience has shown that
>>>>>>>>> both stores would increase the price to 50p.
>>>>>>>>
>>>>>>>> A store has to make a certain profit to stay in business.  Prices will be adjusted for that, and competition with others.
>>>>>>>>
>>>>>>>> Anyway it's worth it to get rid of the monumentally stupid £5.99 shit.  It does not look less than £6, we're not thick!
>>>>>>>
>>>>>>> Actually £5.99 is less than £6
>>>>>>
>>>>>> Not by most people's standards.  It's a 6th of a percent, not even enough to trigger a speed camera.
>>>>>>
>>>>>>> If you got rid of 1p, 2p and 5p coins they'd just show it as £5.90.
>>>>>>
>>>>>> Which would be preferable.
>>>>>>
>>>>>>> I can't remember the last time I used cash in a supermarket anyway, so
>>>>>>> the issue of getting rid of small coins has got little to do with the
>>>>>>> way prices are expressed.
>>>>>>
>>>>>> Wrong, the prices are based on the available denominations.
>>>>>
>>>>> Wrong. The denominations made available are based on the needs of the
>>>>> market, not the other way around.
>>>>
>>>> Bullshit.  When they removed half pence coins, my local shop stopped halfpenny sweets and just sold larger sweets for 1p, or two small ones.
>>>>
>>>>> That's why a decision has been made NOT to get rid of those coins. The
>>>>> Treasury has recognised that there is still a demand for them.
>>>>
>>>> You can't get anything useful for less than about 20p.  The cheapest thing I can think of that I can buy in my local supermarket is 18p.
>>>
>>>
>>> Tesco Bananas - 14p
>>> Swizzels Matlow Strawberry Refresher Bar
>>> Lidl Kiwi Fruit - 16p
>>> Haribo Maoam Giant Strawberry Stripes - 10p
>>> Swizzels Matlow Chunky Drumstick Lolly - 10p
>>>
>>> Those are just a few things I found with a quick look.
>>
>> Those don't need 1p and 2p coins.  As for the 5p coins, just make the size of the goods different.
>
> You can't seem to grasp that the coins and notes in circulation are
> based on what it is believed the public want.

What an absolutely insane thing to say.  The government never ever does what the public wants.

> The decision has been made. They're keeping those coins. Accept it and
> move on.

Why should I accept gross stupidity?

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Thread

Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-12 16:24 +0100
  Re: Why can't we get rid of 1p, 2p, 5p coins? Flop <Flop@flop.knot.me.uk> - 2019-05-12 18:19 +0100
    Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-12 19:45 +0100
    Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CK1@nospam.com> - 2022-01-10 21:00 +0000
  Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-13 08:11 +0800
    Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-13 15:59 +0100
      Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-15 13:09 +0800
        Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-15 12:09 +0100
          Re: Why can't we get rid of 1p, 2p, 5p coins? Stephen Wolstenholme <steve@easynn.com> - 2019-05-15 15:25 +0100
            Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-15 15:54 +0100
              Re: Why can't we get rid of 1p, 2p, 5p coins? Stephen Wolstenholme <steve@easynn.com> - 2019-05-15 16:25 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-15 16:59 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Stephen Wolstenholme <steve@easynn.com> - 2019-05-16 13:01 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-16 16:10 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-17 12:51 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-17 21:09 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-18 10:32 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-18 15:11 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-19 22:31 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-19 16:25 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-20 08:32 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-20 21:10 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-21 08:36 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-21 19:11 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-18 15:12 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Stephen Wolstenholme <steve@easynn.com> - 2019-05-17 11:22 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-17 21:18 +0100
          Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-16 07:18 +0800
            Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-16 00:33 +0100
              Re: Why can't we get rid of 1p, 2p, 5p coins? Flop <Flop@flop.knot.me.uk> - 2019-05-16 11:40 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-16 16:11 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-16 16:13 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Flop <Flop@flop.knot.me.uk> - 2019-05-16 18:16 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-16 19:28 +0100
              Re: Why can't we get rid of 1p, 2p, 5p coins? Stephen Wolstenholme <steve@easynn.com> - 2019-05-16 13:17 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-16 16:09 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-17 12:51 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-17 21:14 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-18 10:32 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-18 15:13 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Stephen Wolstenholme <steve@easynn.com> - 2019-05-17 11:28 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-17 21:19 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Stephen Wolstenholme <steve@easynn.com> - 2019-05-17 23:19 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-17 23:49 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-18 10:32 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-18 15:16 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-19 22:31 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-19 16:27 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-20 08:32 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-20 21:09 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-21 08:36 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-21 19:09 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-22 05:22 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? Stephen Wolstenholme <steve@easynn.com> - 2019-05-22 12:49 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-22 19:40 +0100
              Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-17 12:51 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-17 21:11 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-18 10:32 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? Norman Wells <hex@unseen.ac.am> - 2019-05-18 08:59 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-18 15:11 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-19 22:31 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-19 16:26 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-20 08:32 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-20 21:10 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-21 08:36 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-21 19:12 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-22 05:22 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-21 22:32 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Chris in Makati <mail@nospam.com> - 2019-05-22 13:34 +0800
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-22 20:33 +0100
        Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CK1@nospam.com> - 2022-01-10 21:01 +0000
  Re: Why can't we get rid of 1p, 2p, 5p coins? nospam@please.invalid (AnthonyL) - 2019-05-15 11:35 +0000
    Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-15 13:07 +0100
      Re: Why can't we get rid of 1p, 2p, 5p coins? David Woolley <david@ex.djwhome.demon.invalid> - 2019-05-15 13:49 +0100
        Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-15 14:14 +0100
          Re: Why can't we get rid of 1p, 2p, 5p coins? Stephen Wolstenholme <steve@easynn.com> - 2019-05-15 15:29 +0100
            Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-15 15:57 +0100
              Re: Why can't we get rid of 1p, 2p, 5p coins? Stephen Wolstenholme <steve@easynn.com> - 2019-05-15 16:41 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-15 17:00 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? Stephen Wolstenholme <steve@easynn.com> - 2019-05-16 13:40 +0100
                Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-16 16:07 +0100
      Re: Why can't we get rid of 1p, 2p, 5p coins? nospam@please.invalid (AnthonyL) - 2019-05-16 12:33 +0000
        Re: Why can't we get rid of 1p, 2p, 5p coins? "Commander Kinsey" <CFKinsey@military.org.jp> - 2019-05-16 16:08 +0100

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