How Likely Would The Chancellor Take Our 1p And 2p Out Of The Circulation?

Aaah! Finally! Throw these out as quickly as possible, will ya?

I highly doubt there will be further revamp of the currency - apart for the obvious, a redesign as the puzzle now becomes worthless with two pieces missing. The 1p and 2p are terribly overweight for their value - the other denoms are fine I think.

What I do find interesting is that a few arguments to keep these are kind of based on the fact that the coins have really low values - for instance seaside entertainment and coin pusher machines - the fact that 2ps are used is because of their large size and utterly low value. 10p should do fine, I've seen 20c being used in Australia and the Eurozone. Same thing about playing low-stakes family card games with 1p and 2p coins. Some of our elderly people here still use defunct 10 Öre coins - they went away in 1992! (and would be about 1p in value today)

I have tried spending 1c and 2c in Finland and the Netherlands - needless to say it didn't go too well. I did actually end up finding someone accepting them in Amsterdam, but they're just not worth the effort. It was mostly to get rid of leftover small bits from previous trips & coin lots.

I can't say why the UK government has taken so long on this issue - to me it seems as if they've been refusing to back down for a while now. Not too long ago I remember the treasury assured the UK public that the 1p and 2ps are not going anywhere, and they were not produced at a loss. I hope they've finally changed their mind! I do not want to get massive amounts of heavy 1ps and 2ps next time I go to Britain.

Fun fact: as far as my research goes, Isle of Man has already abolished their 1ps and 2ps, they were not included in the 2017 redesign and haven't been minted since. Good on them!

Oh, dear!

I do not understand why the Thatcher Government in 1982 was able to force £1 coins on the public in 1983. In 1969, the Government was able to force bulky 50p coins on the public when they still have 10/- notes.

Now the May Government isn't able to do the same? Ummm?

I often think we could do fine with 1p coins. Why is there a need for 2p coins? I understand that much of it has to do with old LSD values of previous coinage that need to be converted to a new coinage much as possible.

I still believe we need to abolish these coins.

Many countries seem to do fine without them.

In the US, no one likes one cent coins because they hardly buy anything! We have a same problem like the UK does. They are sitting in homes unused.

I remember when I was a boy, I almost never saw shiny pennies because everyone was using them. Now? I see too many shiny pennies because everyone is not using them and the shops have to get freshly minted pennies from the banks.

I am looking forward to further comments on this matter.

X2an, how do you feel about Sweden's abolished lower denomination coins starting with 1 ore back in 1970s? Last was with 50 ore coins.
I am interested in this perceptive of yours since Sweden abolished coins since 1970s.

I recalled my first 10 kronor coin I got and I was surprised how small it is comparing to old 5 kronor coins.

Canada done away with 1 cent coins in 2012.
Australia in 1991 or was that in 1992.
NZ in mid-1990s.
Sweden in 1975?

I guess it is because of the purchasing power and increasing cost in minting coins are the reason for abolishment of such coins.

The UK could save millions by not minting 1p and 2p coins?

Basically a public outcry will be from nationalists, because the reality is who else would care? And the Tories have angered enough of these with their whole Brexit thing. So, it's more than likely a political choice. When a government has been in charge for long enough to care about this, and has enough support to get it through without causing it any harm, then it might happen.

The UK seems to be turning into the US. FPTP leads to such politics.

More likely than the U.S. Government will pull the One Cent coin.

Of the lower denomination UK coins (1 pence to 10 pence coins), I have only seen the 2017 5 pence coin which they made 220,515,000 of. Interesting in 2017, the reported mintage is 0 for the 20 pence.

So I have no idea where all 240,999,600 of the 2017 1 pence coins, 16,600,000 of 2017 2 pence coins, and 32,300,000 of the 2017 10 pence coins are hiding.