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

From Chris in Makati <mail@nospam.com>
Newsgroups uk.finance
Subject Re: Why can't we get rid of 1p, 2p, 5p coins?
Date 2019-05-15 13:09 +0800
Message-ID <rd6ndeto7818363o12jjem2q61poo91mtl@4ax.com> (permalink)
References <op.z1onqekrwdg98l@desktop-ga2mpl8.lan> <madhde5lf4cee5fmqmeq401htd5puvdd67@4ax.com> <op.z1qg9tddwdg98l@desktop-ga2mpl8.lan>

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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.

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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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