Australia got rid of one and two cent coins ages ago. Ultimately the prevalence of electronic payments and the general lack of value in those coins means that I doubt many if anyone will notice (after their first experience receiving rounded change)
On a side and completely off topic note, almost all Australian stores have accepted Apple and Google pay since 2010ish (yes, that is nearly 5 years before Apple Pay was launched, but the stores had the technology to accept it).
Cryptic12qw on
I remember seeing these in Canada around 12 years ago. We still have physical money and lots of cool furniture and stuff with epoxy and pennies at the local pub.
Eagle_eye_Online on
The cost of making a penny is worth more than a penny.
Melting down copper/whatever it’s made of is more lucrative in your profit than just using the penny.
The EU had 1 an 2 cent coins briefly, but stopped using them because it was a hassle and frankly completely nonsense.
Also, why not adopt digital currency already. Cash is hopelessly outdated and insecure as well. You lose your cash, you’re done, you lose your debit card, nobody can do anything with it.
rarz on
Officially the Netherlands has 1 and 2 euro cent coins, but nobody uses them and after the initial wave when the euro was introduced I don’t think they actually made any Dutch coins of that type. Stuff is rounded up just like that, and has been for years. It works just fine.
Other than that the actual use of cash is down dramatically over the past decade. Almost everyone pays electronically now.
wildddin on
They should just change all their prices to end in 0 or 5 including tax, then it becomes a non issue
FishDawgX on
Thanks to inflation, pennies are truly dumb and useless. When pennies became our lowest denomination coin (there used to be smaller ones), it was worth almost the equivalent to $0.25 today. Really, we should be getting rid of all coins below quarters in order to keep up. Round prices to the nearest $0.25 isn’t going to hurt anyone.
shotsallover on
Explaining rounding to people who struggled with the concept in school. _sigh_
shortercrust on
I’ll feel a bit sad when the British penny finally disappears. We’ve had a penny coin in one form or another for well over 1000 years. But I get that it doesn’t make sense anymore. When decimal currency was introduced in 1971 the smallest coin, the 1/2p – withdrawn 40 years ago – was worth 6p in today’s money.
RedSonGamble on
My pastor told us it takes more money to grow a penny tree than a penny is even worth. This is why no pennies are allowed in money bucket
SigmaLance on
We should also move to pricing on labels that include tax.
It’s so Neanderthal to price things with incorrect costs.
billwood09 on
The fact that they had to map where numbers land between 1 to 5/5 to 10 is… sad
SomethingClever2117 on
Unrelated, but I hate seeing paper taped up like this. Just put the tape on all four corners.
iankost on
Usually it’s called Swedish rounding, but I guess now they’ll say they invented it and it will be American rounding…
karateninjazombie on
Why even put up a sign like that when you can just tweak your price structure to cover it. Everything either ends in a zero or a five.
Holidayed in Romania once and they use nothing smaller than the 10 Bani coin at the time. Or 10 pence or cents if you’re in other parts of the world. You ended up with a lot of 10b coins. But you could always use them. Great system getting rid of 1,2 and 5 coin denominations. Makes quick coin maths so much easier.
En-TitY_ on
Guarantee there’s some thick asshole that doesn’t understand this simple bit of maths and causes a scene.
wizard_brandon on
just round your prices…
generalraptor2002 on
This has been the norm in Canada since 2013
UseMoreHops on
I believe its called Swedish rounding. NZ has gotten rid of pennies a very long time ago.
railwayed on
Did they really need to make a poster explaining how rounding up/down works 🤦♂️
20 Comments
Physical money have it’s days numbered
Australia got rid of one and two cent coins ages ago. Ultimately the prevalence of electronic payments and the general lack of value in those coins means that I doubt many if anyone will notice (after their first experience receiving rounded change)
On a side and completely off topic note, almost all Australian stores have accepted Apple and Google pay since 2010ish (yes, that is nearly 5 years before Apple Pay was launched, but the stores had the technology to accept it).
I remember seeing these in Canada around 12 years ago. We still have physical money and lots of cool furniture and stuff with epoxy and pennies at the local pub.
The cost of making a penny is worth more than a penny.
Melting down copper/whatever it’s made of is more lucrative in your profit than just using the penny.
The EU had 1 an 2 cent coins briefly, but stopped using them because it was a hassle and frankly completely nonsense.
Also, why not adopt digital currency already. Cash is hopelessly outdated and insecure as well. You lose your cash, you’re done, you lose your debit card, nobody can do anything with it.
Officially the Netherlands has 1 and 2 euro cent coins, but nobody uses them and after the initial wave when the euro was introduced I don’t think they actually made any Dutch coins of that type. Stuff is rounded up just like that, and has been for years. It works just fine.
Other than that the actual use of cash is down dramatically over the past decade. Almost everyone pays electronically now.
They should just change all their prices to end in 0 or 5 including tax, then it becomes a non issue
Thanks to inflation, pennies are truly dumb and useless. When pennies became our lowest denomination coin (there used to be smaller ones), it was worth almost the equivalent to $0.25 today. Really, we should be getting rid of all coins below quarters in order to keep up. Round prices to the nearest $0.25 isn’t going to hurt anyone.
Explaining rounding to people who struggled with the concept in school. _sigh_
I’ll feel a bit sad when the British penny finally disappears. We’ve had a penny coin in one form or another for well over 1000 years. But I get that it doesn’t make sense anymore. When decimal currency was introduced in 1971 the smallest coin, the 1/2p – withdrawn 40 years ago – was worth 6p in today’s money.
My pastor told us it takes more money to grow a penny tree than a penny is even worth. This is why no pennies are allowed in money bucket
We should also move to pricing on labels that include tax.
It’s so Neanderthal to price things with incorrect costs.
The fact that they had to map where numbers land between 1 to 5/5 to 10 is… sad
Unrelated, but I hate seeing paper taped up like this. Just put the tape on all four corners.
Usually it’s called Swedish rounding, but I guess now they’ll say they invented it and it will be American rounding…
Why even put up a sign like that when you can just tweak your price structure to cover it. Everything either ends in a zero or a five.
Holidayed in Romania once and they use nothing smaller than the 10 Bani coin at the time. Or 10 pence or cents if you’re in other parts of the world. You ended up with a lot of 10b coins. But you could always use them. Great system getting rid of 1,2 and 5 coin denominations. Makes quick coin maths so much easier.
Guarantee there’s some thick asshole that doesn’t understand this simple bit of maths and causes a scene.
just round your prices…
This has been the norm in Canada since 2013
I believe its called Swedish rounding. NZ has gotten rid of pennies a very long time ago.
Did they really need to make a poster explaining how rounding up/down works 🤦♂️