1 and 2 cent pieces, what do you think about removing them?
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.
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.
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.
Get rid of them. I just throw the small coins in a box regularly. A couple if years ago I tried to get rid of them. I found out that my bank would not accept them so easily and when I tried to pay with rolls of cent coins, store owners would be pissed. What the hell am I supposed to do?
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.
Hungary has in the recent past got rid of 1 and 2 HUF coins. Prices can still be XX99, only total transaction amounts have to be rounded according to official rounding laws, but only if in cash.
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.
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
Does anyone else think it's a little backwards that the large denominations are fragile paper bills, but the small ones are metal coins sometimes worth less than the metal in the coin? Shouldn't the large denominations be coins, which last longer, and the small denominations be bills, which are easier to carry in large quantities?
I don't have them when paying with my Amex… And if I have too much of them, I'm kindly asking at the drinks store if I can throw them into their coin counter for payment when not many customers are there. If everything fails I wait until I have 11800 one-cent coins or a mix with 2 cent to pay that €118 every 10 years for ID card and passport. Which astonishingly is machine-payable with One and Two-Cent coins.
If you need ways to get rid of them:
gift them to me, :D Or I'll PayPal it back to you.
have a bank account at one of the old, expensive classical banks here in Germany, they usually take them. Don't have the cheapest account there. Take their kind of all-inclusive account model.
Go to your nearest "Deutsche Bundesbank" and take your foreign coins and banknotes with you, they have to exchange it for you as long as all the money you bring is or was valid payment money somewhere.
supermarket self-service machines
Get to your nearest Späti (in Berlin) or kiosk store and ask the owner if he needs 1 Cent coins. Some give a small discount for you being the person, making sure they'll not get into trouble with missing 1 Cent coins. And some just trust that the thousands of coins you bring is roughly what you counted.
Avoid:
Coinstar, 10+ % fee (or any other machine that's not a self-service cash register)
rush hour on counting machines not fully used as self-service – ask the store when it's okay to come with so much money – those machines take some time to count your thousands of coins.
So in conclusion:
Stores would want to do €,99 prices, because that's why you can steal a whole other Euro for every item the customer grabs. Doing .95 would change that unless everyone does it or is forced to do that. Because the lobby from these businesses is too big, we will not see the 1-cent and 2-cent pieces disappear.
Milk business will complain that they can't afford selling at 4 cent less and all the others would just make everything + €1, so €1.99 becomes €2.95 and so on.
You shouldn't force the economy to change prices if you don't see them illegally changing prices. Because everything will be getting unnecessarily more expensive then. Enforced pricing should always be a price decrease.
Yes, please remove 1, 2 and 5 cent coins. I'd argue for also removing 10 and 20 cent. How do you get rid of them? I feel ridiculous paying with them. So I just don't.
They are annoying. I save up a big jar of just 1 and 2 pieces and go to the marts that have self checkouts and take coins and just dump em all in. Otherwise useless
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 :)
what? so if my bill is 1,96 euro i should pay 2 euro and the store will get the 4 cent? no way.
that sounds not like much but its like per custumer per day lot. i even hate it that on gas stations there is a .cent. for example gas 1 euro 59,9 cent. what is this bullshit? just money making for the gas stations and oil companys.