5 Cents - should we keep it ??

[Bully]

All this talk on whether the 5 cent piece should be scrapped..

[mighty_tiger_79]

get rid of it

[Bully]

funny the news report on it yesterday on Sky in the streets was trying to give away 5 cents to people walking by and no one took any

[mighty_tiger_79]

doesnt the 5c coin cost almost 4c to produce or something ridiculous

[Bully]

correct. And parking meters dont take them anymore....so whats the use of them

[CK]

Wouldn't be surprised if, within 25 years, all coins 50c and below were scrapped and we went just to dollars.

[Lightning McQueen]

It will just be another way for businesses to make free money, charge everything to end in 6c and take the 4c round-up.

[JK]

Wouldn't be surprised if, within 25 years, all coins 50c and below were scrapped and we went just to dollars.

So what do we use for inpromptu 2-up?

[CK]

Wouldn't be surprised if, within 25 years, all coins 50c and below were scrapped and we went just to dollars.

So what do we use for inpromptu 2-up?

By then, it will probably be sponsored by a particular brand of lemonade, and we will be throwing two green bottles of same in the air with "lids" and "bases".

[Bully]

still, i dont love collecting them myself...but hey money is money

[Sojourner]

Smiths machines in the lunchroom still take them! Takes 40 to get a packet of Life Savers if you have the patience!

[Bully]

only the use for them then

[Lightning McQueen]

Smiths machines in the lunchroom still take them! Takes 40 to get a packet of Life Savers if you have the patience!

My father in-law fills coffee tins with 10's & 5's and give them to my kids once full, I'll go to work on a Saturday for an hour and they feed the chip machine with the coins and press the reject button once they get to $2 and keep going til the machine only has 20's left to spit out.

[Bully]

yep have done that a few times

[brod]

Even the Kiwis have gotten rid of them

[the big bang]

i vote get rid of them.

i rarely use coins at all. during the day i might end up with a few in my wallet, the first thing i do when i get home is empty my coin section into our various tins (we have a 2litre coke bottle for $2 coins because a mate of mine told us that if you fill it up, it's $5000, we're tesing that theory! we've got a "money tree" that holds $1 coins, a tin for our wedding for 50c pieces, and the lads money tin gets all other coins)

i also vote for retailers stop selling things for $1.99 and such. outlaw that. round everything off to the nearest 10c.

[JAS]

I wish to god they'd get rid of our 'copper' coins...1p 2p etc. and even the 5p.
Such a pain...end up with loads and even when you save enough to bag up and take to a bank/post office to exchange for pounds they act like you just asked them to crawl over broken glass.

Only genuine downside I can perhaps think of for getting rid of the small coins is the charities that most likely manage to get quite a bit of income from people chucking them into the collecting boxes.

Regards
JAS

[the big bang]

I wish to god they'd get rid of our 'copper' coins...1p 2p etc. and even the 5p.
Such a pain...end up with loads and even when you save enough to bag up and take to a bank/post office to exchange for pounds they act like you just asked them to crawl over broken glass.

Only genuine downside I can perhaps think of for getting rid of the small coins is the charities that most likely manage to get quite a bit of income from people chucking them into the collecting boxes.

Regards
JAS

that is an excellent point, one which i never thought of. because yes, i do give a fair bit of loose change to donation tins. but i guess a lot of people like myself would still give change, albeit higher denominations, and that would probably make up for anyone that stops giving money.