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.
Children in elementary schools use coins as an example to learn calculating. They need the 1 cent coins. Is nobody here thinking about the children?
Well, they sure can learn with something else.
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.
Works fine.
Here in NL the amount gets rounded to the nearest multiple of five, so for 1.92 you have to pay 1.90 in cash and 1.93 will become 1.95. This so on average you are not overpaying. Digital payments are always exact.
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.
I feel called out.
No, seriously. Last season I bought some plums from my Turkish greengrocer, he put them on the scales which said 1.01 Euro which he commented with “one Euro”. I gave him 1.01 Euro, and got a “can you believe those Almans” look.
They could by paying with card.
deleted by creator
deleted by creator
The problem gets worse if you realize that the material value of the copper is greater than the coin value itself with 1 cent.
They’re not made from copper in Europe though.
I actually looked it up. They are 5,65% copper, the rest ist iron. But because they are not 100% copper, they are less valuable then 1 cent. https://de.m.wikipedia.org/wiki/Euromünzen
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 if they just stopped minting them
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.
As a swiss, you’re used to find it the first prices in Europe, not you don’t think about other economies.
There’s a comment in here from someone whose country recently switched to euros, and many small items there cost under 10 cents. Rounding down would make them free, rounding up doubles their price…
The measure is reasonable if the local economy is suited - Belgium and the Netherlands have been rounding bills for a good while now, but it’s not something that should be pushed from the European level.
Not that I said rounding bills - individual items are stille priced to the cent. When paying by card, you pay the exact total, but when paying cash it gets rounded to the nearest 5 cent.
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
Damn that’s interesting. In Germany you can maybe get something for 10 cent somewhere, but everything else is at least 20 or 50 cent ^^
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.
Absolutely! I carry only a small wallet and hate coins in general. Totally could pass on 1 and 5 Cent coins. Throw them in a box at home (even 10 Cent coins) and have no idea on what to do with them. Brought them to a store once, but they would take 10% and you could only use the money in the store. Found a bank where you can bring them in for 5%, but you would have to roll them up yourself (definitely not gonna do their work and still give them 5%). Maybe I will put it in a chest and bury it somewhere in the forest near a playground so kids can go treasure hunting :D
making it a kid’s game is a good idea, but you could also try to go around local shops and ask if they are low on coins, they’d probably give you 1 to 1
What I’m questioning myself is If we would remove the 1 and 2 cent pieces Would they in the future increase in value because of them being rare.
Nah, the 1 and 2 cent pieces of the currency Germany had before the Euro isn’t worth shit. I bet that people still find a bunch of them in couches etc ^^
In Canada we’ve removed them and I’m just left wondering why we have 5 and 10 cent pieces now. They’re also absolutely useless.
I just put 1,2 and 5 cents in my kid’s piggybank instead of carrying em around.
your poor kid xD
They would be even poorer if I wouldn’t do it
I am in favour. But let’s go ever further and get rid of cash entirely.
deleted by creator
There are ways to do anonymous payments without cash. Just see the other comment. Relying on cash forever is just some libertarian fever dream.
deleted by creator
Which comment?
https://feddit.de/comment/399272
GNU Taler, apparently. Never have seen this used anywhere.
deleted by creator
Privacy and transactions without internet connection?
ECB is working on the “digital Euro” right now, and I’m almost completely sure it won’t enable offline payments, simple peer to peer transactions or even anonymous payments. It’s a real shame, because GNU Taler is interesting and the crypto should be explored further.
The 2020 report of the ECB actually states offline payments as a desired feature and to work overall “like cash”. Anonymous payments, however, are ruled out (money laundering bla bla, probably a rather weak argument considering Taler’s characteristics).
Aren’t there already some Euro-Countries that abolished 1 and 2 cent coins?
Just looked it up: Finland, Netherlands, Belgium, Italy and Ireland.
what happens if you pay 5 Cents with 5x1 cent from other countries in those countries?
I don’t know but I guess they still would have to accept them since they are still official currency.
I used to live in Finland for two years. The shop close by to my home wouldn’t accept 1 or 2 cents so I just put them in a drawer and never worried about it again. Don’t know if they are obliged to accept them.
I haven’t seen them a lot lately in Austria…
Austria still totally uses 1/2ct coins. If you are one of the weirdos who still pays in cash, that is.
Why would be one a weirdo if they pay in cash?
Just a joke since hardly anyone in Austria actually pays in cash. It’s mostly something old people, criminals and politicians do.
