They’re not worth anything, never were but even less through the years with inflation.
If a store wants to sell something for 99 cent, they can either just take 1€ or 95 cent.
Maybe even 5 cent pieces? But that would be a bit radical.
I am a bit annoyed that easy ideas like this are never discussed in politics, or wherever. It would make our lives just a little bit easier, and having them achieves NOTHING.
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.
croatian here, we recently, in january of this year, switched to euro. im still mindblown by how much 1 cent is (like, 7.5 times more than 1 lipa was). and since i already carry 10 times more coins now then when i did when we used kunas, i really dont mind the 1 and 2 cent coins. in fact, a lot of things here cost x.x3 or x.x7 €, so its quite convenient to have some cents in your wallet
Damn that’s interesting. In Germany you can maybe get something for 10 cent somewhere, but everything else is at least 20 or 50 cent ^^
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?
Well, they sure can learn with something else.
Woooosh
(the joke being that the adage is a trope at this point)
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In Canada we’ve removed them and I’m just left wondering why we have 5 and 10 cent pieces now. They’re also absolutely useless.
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.
As a swiss, you’re used to find it the first prices in Europe, not you don’t think about other economies.
There’s a comment in here from someone whose country recently switched to euros, and many small items there cost under 10 cents. Rounding down would make them free, rounding up doubles their price…
The measure is reasonable if the local economy is suited - Belgium and the Netherlands have been rounding bills for a good while now, but it’s not something that should be pushed from the European level.
Not that I said rounding bills - individual items are stille priced to the cent. When paying by card, you pay the exact total, but when paying cash it gets rounded to the nearest 5 cent.
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.
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.
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They could pay with card, but it’s something special here with many of the old folks and cash. Part of the ancient shopping ritual to put out the small coins and delay the queue as long as possible. Why? No idea, apart from “Das haben wir schon immer so gemacht!” (We always did it like this)
Well, cash has privacy by design. So I much prefer that to the American card provider monopoly.
Still convenient when traveling light, I just don’t want to rely on it. By regularly paying cash I incentivize the upkeep of the German cash infrastructure.
What if they just stopped minting them
I’d be in fervor
I’m in the UK and we have so many 1 penny coins dating back to like the 70s, don’t see why we need to continue minting them
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 ^^
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We should have gotten rid of them some time ago.
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
I just put 1,2 and 5 cents in my kid’s piggybank instead of carrying em around.
your poor kid xD
They would be even poorer if I wouldn’t do it
fuck inflation
Aren’t there already some Euro-Countries that abolished 1 and 2 cent coins?
Just looked it up: Finland, Netherlands, Belgium, Italy and Ireland.
what happens if you pay 5 Cents with 5x1 cent from other countries in those countries?
I used to live in Finland for two years. The shop close by to my home wouldn’t accept 1 or 2 cents so I just put them in a drawer and never worried about it again. Don’t know if they are obliged to accept them.
I don’t know but I guess they still would have to accept them since they are still official currency.
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?
Just a joke since hardly anyone in Austria actually pays in cash. It’s mostly something old people, criminals and politicians do.
In Germany, cash is still king 😭 I hate it. Problem that also only many stores take cash. In my district in Hamburg there is even a bike store where you can only pay cash. Recently I had to visit three restaurants until I found one where I could pay by card. The most annoying thing is that you can’t get cash anywhere. My bank (Commerzbank) or the association closes more and more branches. Thus, the ATMs are also missing. With foreign banks to withdraw money is really expensive. I get my money currently from the supermarket. But I have to buy for at least 10 euros to withdraw money. Germany is so annoying. When I was last on vacation in Scotland, I was able to pay even the toilet visit with card. That was so pleasant and easy. Currently, there are also more and more strange groups in our country (from the right-wing fringe, Querdenker) who see a conspiracy in a possible abolition of cash. “the so-called elites want to take us the cash to be able to control us better”.
This would annoy me so much. In Austria you can even pay by card on a farmers market.
