Still havn't figured out why we have a penny these days...totally annoying when i have a pocket full of them.
There is a good argument for abolishing copper coinage on both sides of the pond.
Here the 1p coin is now easily the most worthless we have ever had, even though it is worth nearly 2 US cents. We could easily live without anything smaller than a 5p.
I find it interesting to note the way the American public have virtually abandoned the 50c coin. The european tradition of issuing currency with three denominations for each order of magnitude;
half-one-two seems unnecessary, and a two stage
quarter-one provision, seems more in tune with everyday needs.
In the UK, the 20p and 50p could be replaced by a new 25p; a new 'half crown' (£2.50) could replace both the £2 coin and scruffy £5 note, and a £25 note could replace both the £20 and unloved £50. There is no need for larger denominations.
With the removal of the 1p and 2p, that would leave us with a tidy currency of just five coins and two notes, compared to the ludicrous fifteen denomination eurozone arrangement, complete with coins that are tiresomely similar to each other, and big value notes that no small retailer could contemplate carrying change for.
- just my 2c (or 1.79p - and falling...)
Tom
I may be drunk, Miss, but in the morning I shall be sober and you will still be ugly - W.S. Churchill