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thenry 26-02-2013 15:44
Worthless Coins
 
Quote:
The coin worth less than any other in the world

This month the Canadian mint stopped distributing the penny, or one-cent piece, as it costs more to make than it is worth. It's far from being the lowest-value coin around, however. Some central banks are clinging on to coins that are truly "small change"...

http://www.bbc.co.uk/news/magazine-21572359

mertle 26-02-2013 15:57
Re: Worthless Coins
 
we went oposite dropped £1 note produce the £1 and £2 coin.

danielf 26-02-2013 16:12
Re: Worthless Coins
 
They can drop one and two pence coins here as far as I'm concerned.

Stephen 26-02-2013 17:12
Re: Worthless Coins
 
Quote:
Originally Posted by mertle (Post 35541831)
we went oposite dropped £1 note produce the £1 and £2 coin.
WE still have £1 notes in Scotland, although they are getting harder to find now.

thenry 26-02-2013 18:37
Re: Worthless Coins
 
well you wont find them in England. That 'legal tender' isnt acceptable.

rogerdraig 26-02-2013 19:41
Re: Worthless Coins
 
you can spend the notes in wales and england ;) by the way legal tender only applies to debts

http://www.royalmint.com/aboutus/pol...der-guidelines

thenry 26-02-2013 19:50
Re: Worthless Coins
 
you can spend it but a fair few dont accept it.

i thought legal tender meant legit money in cash
en.m.wikipedia.org/wiki/Legal_tender

Hom3r 26-02-2013 21:15
Re: Worthless Coins
 
I have a few euros kicking about, I think they are worthless :D

rogerdraig 26-02-2013 21:18
Re: Worthless Coins
 
most do think that ;)

but i did "O" level Commerce many many moons ago and that's one of the few things i remember from it lol

thenry 26-02-2013 21:23
Re: Worthless Coins
 
:)

Maggy 27-02-2013 00:14
Re: Worthless Coins
 
Quote:
Originally Posted by danielf (Post 35541849)
They can drop one and two pence coins here as far as I'm concerned.
Absolutely not.The more they remove the lower denomination coins the more prices get rounded up by 5p instead of to the nearest penny..Inflation is already rampant.:(

danielf 27-02-2013 01:00
Re: Worthless Coins
 
Quote:
Originally Posted by Maggy J (Post 35542070)
Absolutely not.The more they remove the lower denomination coins the more prices get rounded up by 5p instead of to the nearest penny..Inflation is already rampant.:(
Not necessarily. You can still have penny prices. It's just the total bill that gets rounded (when paying cash). Finland and the Netherlands do this. People just prefer it to walking around with a pocket full of copper.

Paul 27-02-2013 01:16
Re: Worthless Coins
 
5p coins can be dropped, they are utterly useless, and easily lost.

Maggy 27-02-2013 01:18
Re: Worthless Coins
 
Quote:
Originally Posted by danielf (Post 35542076)
Not necessarily. You can still have penny prices. It's just the total bill that gets rounded (when paying cash). Finland and the Netherlands do this. People just prefer it to walking around with a pocket full of copper.
I don't walk around with pockets full of change.I put mine into a large tray at home and when I get enough I take them to the local Asda and use the coin bin and convert it to silver or even better paper money.;)

Dash: CF noob 27-02-2013 10:09
Re: Worthless Coins
 
Quote:
Originally Posted by Maggy J (Post 35542081)
I don't walk around with pockets full of change.I put mine into a large tray at home and when I get enough I take them to the local Asda and use the coin bin and convert it to silver or even better paper money.;)
Why pay a percentage to the machine? Just count it yourself and save more.


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