Could 1p and 2p coins become a thing of the past?

https://news.sky.com/story/government-to-consult-on-ditching-1p-and-2p-coins-as-well-as-50-note-11288402

In my mind theres 1 or 2 (excuse the pun) issues with getting rid of 1 pees and 2 pees from circulation.

For us that dont use cashless transactions, things that are say 99p or 49p will they go up to £1 / 50p? more are going cashless but not everybody will, or even can for a long time?

Also those machines in the arcades where you use 2ps will they be scrapped? or altered for say 10ps or even more more expensive to play, would be a shame.

https://news.sky.com/story/government-to-consult-on-ditching-1p-and-2p-coins-as-well-as-50-note-11288402

 

In my mind theres 1 or 2 (excuse the pun) issues with getting rid of 1 pees and 2 pees from circulation.

 

For us that dont use cashless transactions, things that are say 99p or 49p will they go up to £1 / 50p? more are going cashless but not everybody will, or even can for a long time?

 

Also those machines in the arcades where you use 2ps will they be scrapped? or altered for say 10ps or even more more expensive to play, would be a shame.

In Canada they scrapped the one cent (never was a two) about five years ago. The lowest coin is now the nickel (5 cents). However pricing never changed, we still get the good old 1.99 and 1.97 etc. What they do now is e.g. if it is priced at I.99 you pay $2, if it is priced at 1.97 you pay 1.95. So as you can see everything is rounded to the nearest five cents, so I guess they will do the same in the UK (5 pence), this also saves a lot of work for retailers etc in rounding up prices. Don't know about slots as I have never seen anything less than a quarter( 25 cents) anyway, over here. Mind you I am not a slot machine person, so not 100% on that.

Get shut, the sooner the better, their a bloomin nuisance, as Ontarian says round everything up and down... slot machines make em 5p minimum, you don"t have to put money in.

Get shut, the sooner the better, their a bloomin nuisance, as Ontarian says round everything up and down... slot machines make em 5p minimum, you don"t have to put money in.

That would work, a 5 pence piece( old shilling) is almost exactly the same as a Canadian quarter dimensionally, the only difference is what's on the back, both have the Queens head on them at the front. However, they are not interchangeable in machines I tried it at a laundrette years ago, and the 5p wouldn't work lol.

Saw this ages ago...the penny should go

 

Saw this ages ago...the penny should go

interesting video on the subject

That would work, a 5 pence piece( old shilling) is almost exactly the same as a Canadian quarter dimensionally, the only difference is what's on the back, both have the Queens head on them at the front. However, they are not interchangeable in machines I tried it at a laundrette years ago, and the 5p wouldn't work lol.

Just to add to my earlier posts apparently at Casinos these days, they do not use coins in slot machines, you put in your paper money and get credits to play with. When you leave the machine you press a button and get a voucher for whatever balance you have left. A bit like playing with chips on the tables.

Also those machines in the arcades where you use 2ps will they be scrapped? or altered for say 10ps or even more more expensive to play, would be a shame.

I've noticed that the 2p "penny falls" machines are slowly being replaced by the 10p ones.

My 1ps and 2ps go straight into collecting tins on the shop counter.

I (and I would imagine a lot of other people) always put the 1ps/2ps in change I get in shops in the charity box. If theyre done away with I wonder if a lot of charities will lose out?

I've noticed that the 2p "penny falls" machines are slowly being replaced by the 10p ones.

 

My 1ps and 2ps go straight into collecting tins on the shop counter.

I (and I would imagine a lot of other people) always put the 1ps/2ps in change I get in shops in the charity box. If theyre done away with I wonder if a lot of charities will lose out?

yeah charities have already voiced anger

Get shut, the sooner the better, their a bloomin nuisance, as Ontarian says round everything up and down... slot machines make em 5p minimum, you don"t have to put money in.

That was Canada, not rip off Britain. Nothing would be rounded down.

The 1p is currently worth less due to inflation than the 0.5p when it was phased out. IIRC the world did not come to an end.

As for rounding up/down this can be enforced through legislation, again no need to panic.