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1 and 2 cent pieces, what do you think about removing them? (feddit.de)

submitted 1 year ago by sexy_peach@feddit.de to c/europe@feddit.de

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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.

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[–] Kurt@lemmy.one 8 points 1 year ago (16 children)

Does anyone else think it's a little backwards that the large denominations are fragile paper bills, but the small ones are metal coins sometimes worth less than the metal in the coin? Shouldn't the large denominations be coins, which last longer, and the small denominations be bills, which are easier to carry in large quantities?

[–] pizzamann247@feddit.de 5 points 1 year ago (1 children)

I would guess that small denominations are used more frequently in cash transactions and are worn down much quicker. Therefore, it is probably reasonable to use the more durable coins for those instead of having to replace paper bills all the time in large quantities

[–] Kurt@lemmy.one 1 points 1 year ago

Yes, but I think the premise of the OP is that frequently transacting with coins is a PITA. Even if paper is less durable, people will be happier not having to deal with coins as much.

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