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Posted 02/15/2017 12:32 pm
I honestly don't understand the fuss. Like Lembafc mentioned the situation in South Korea, here in Sweden, and even Norway and New Zealand, we don't even have a 5c equivalent. And it works just fine! I hear nobody complaining about it here, probably because its the norm. Our smallest denomination, worth slightly more than a dime, is definitely small change but can be spend somewhat easily because of the fact that is isn't worthless. Less weight in your pockets, wallets, purses, whatever you prefer. No money is lost through negative seigniorage.
I definitely feel the convenience of having such a high smallest denomination when traveling to places where these scraps of coinage remains, especially the UK where the the 1p and 2p are not only (practically) worthless, but also very large, weighing down your pockets and all that.
Also, regarding shop's prices and rounding, I can definitely confirm that prices almost immediately go down. Before we lost our 50 Öre (0.5 SEK) coin, prices were typically written at xx9.50, now it's very common to see xx9.00. Despite that, prices such as xx9.90 are common, especially at supermarkets, though it's an accepted fact that it is in practice rounded up.
I too would love to see the US 1c as an NCLT issued coin, distributed the same way as US 50cs, but as long as they become alien to circulation everything's fine with me.
As for everything, I can be wrong, this is from my knowledge and experiences, don't quote me on this, no guarantees, no refunds, no return policy, I'm not liable for possible injuries, all that.
I definitely feel the convenience of having such a high smallest denomination when traveling to places where these scraps of coinage remains, especially the UK where the the 1p and 2p are not only (practically) worthless, but also very large, weighing down your pockets and all that.
Also, regarding shop's prices and rounding, I can definitely confirm that prices almost immediately go down. Before we lost our 50 Öre (0.5 SEK) coin, prices were typically written at xx9.50, now it's very common to see xx9.00. Despite that, prices such as xx9.90 are common, especially at supermarkets, though it's an accepted fact that it is in practice rounded up.
I too would love to see the US 1c as an NCLT issued coin, distributed the same way as US 50cs, but as long as they become alien to circulation everything's fine with me.
As for everything, I can be wrong, this is from my knowledge and experiences, don't quote me on this, no guarantees, no refunds, no return policy, I'm not liable for possible injuries, all that.
