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1 and 2 cent pieces, what do you think about removing them? (feddit.de)

submitted 2 years ago by sexy_peach@feddit.de to c/europe@feddit.de

154 comments fedilink hide all child comments

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.

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[–] plo@kbin.social 3 points 2 years ago

I think it's been a decade since I last used them in Holland. It's just unnecessary.

[–] We3d4Life@feddit.de 3 points 2 years ago (1 children)

The problem gets worse if you realize that the material value of the copper is greater than the coin value itself with 1 cent.

[–] sexy_peach@feddit.de 3 points 2 years ago (1 children)

They're not made from copper in Europe though.

[–] We3d4Life@feddit.de 3 points 2 years ago

I actually looked it up. They are 5,65% copper, the rest ist iron. But because they are not 100% copper, they are less valuable then 1 cent. https://de.m.wikipedia.org/wiki/Eurom%C3%BCnzen

[–] PracticalParrot@discuss.tchncs.de 3 points 2 years ago

In Romania we have Lei and Bani. Works the same as Euro and cents. We only have 10 and 50 bani coins. And generally we round to the nearest 50 bani.

[–] freebrick@kbin.social 2 points 2 years ago

Throw them all in a well.

[–] Flax_vert@feddit.uk 2 points 2 years ago (2 children)

What if they just stopped minting them

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[–] MoriGM@feddit.de 1 points 2 years ago (2 children)

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.

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[–] FederalAlienSmuggler@feddit.de 1 points 2 years ago

Doesn't make sense. You could just throw away all 1 and 2 cents for yourself and round everything up if you really wish not having to worry about them anymore. Problem solved :)

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