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Is it time to get rid of 1p and 2p coins?

Chancellor Philip Hammond will this week rule on the future of 1p and 2p coins, a year after he called them “obsolete”.

In his Spring Statement in 2018, a Treasury consultation about the mix of coins in circulation appeared to pave the way for the end of both of them.

A swift reverse by the Prime Minister’s official spokesman declared there were no plans to scrap the copper coins.

The Treasury has declined to comment on a report that there will be a reprieve.

But it confirmed that “the result of the review will be announced shortly”.

That Treasury consultation document said surveys suggested six-in-10 of UK 1p and 2p coins were only used once before being put in a jar or discarded, while one-in-12 were thrown into a bin.

The value of the 1p coin has also been reduced by inflation so, in effect, the 1p coin is now worth less than the halfpenny when it was abolished in 1984.

What are your views?  Is your purse weighted down by these bronze coloured coins? Do you collect them in a jar and cash them in?  Is it time for them to be taken out of circulation? Or do you think they should remain? Could prices increase if they went? 

Is it time to get rid of 1p and 2p coins?

1280 people have already voted, what's your opinion? Yes No

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RodotH
23rd Aug 2019
0
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If they round up prices which is what would happen, the pension should be rounded up as well to compensate for all the rounding up of £1.99 to £2.00 and £45.99 to £46.00. Or a bargain at £399.99 to £400.00. I won't hold my breath.
pamflower
27th May 2019
-2
Thanks for voting!
1p, 2p and 5p should be got rid of. I would also get rid of a £20 note. Get them from machines and shops don't like having therm unless you spend a lot of one.
Ariadne
17th May 2019
1
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Yes,,, of course why not !!!!,, Next will be the 5 p.. .then the 10 p ,and then the 20 p,,, and on ,and on ,until everything cost a minimum of a pound, ,,with no change given. .with the added annoyance of the mobile paper money ,that will NOT fold to stay in a purse .t is obviously a man who invented the material used for these annoying notes, ,as men use wallets.
Darkstar
14th May 2019
1
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The establishment already has control over your money. You have to be paid into banks, You have no choice, they make profit on that money and offer you nothing or very little. The system goes down and you can't get any money. No thank you i would much rather cash.
Munsterlander
10th May 2019
-1
Thanks for voting!
Get rid of all money-pay by phones. this is the 21st century lets act like it is. I hate my pocket full of coins and like to pay by card always. If I could do it by phone even better.
Ariadne
18th May 2019
0
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You are obviously a bloke. Time you had a "man bag"
Actress75
10th May 2019
3
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I collect them and cash them in and why not? It’s a way of saving and fun!
SandraH259
8th May 2019
2
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Look after the pennies and the pounds will take are of themselves.
Arsenal
2nd May 2019
2
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Yes the 1p coins could be got rid of, but 2p coins? What about the 2p machines on the piers which give young people a lot of fun with a bag of 2ps. The price would be raised to 10p and thus making an expensive treat.
Little3
1st May 2019
2
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2021 will mark 50 years since decimalisation. Astonishing that the cumulative effect of inflation means you will need about £15 to buy what £1 would buy back then.

But retaining coppers that have almost zero value, brings to mind Canute pretending he could control the tide.

[Or was Canute using reverse psychology to make exactly the opposite point?]
Ariadne
18th May 2019
1
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I think that the Canute theory went the way of "Chinese Whispers ", and , Canute was merely having a paddle,
JackHart
1st May 2019
4
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The 1p and 2p coins probably cost more to produce than they are worth. They are a nuisance to deal with as well. Does anyone really use them to PAY for anything?
I rather think that the 1p/2p coins get put in the charity boxes or the odd jar.
Little3
1st May 2019
4
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The charity jar seems to be the only justification for their retention, as someone has pointed out further down 😉
kentrix39
1st May 2019
3
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We already have rampant inflation despite what the official figures say. Getting rid of any lower denomination currency will only add to a rounding UP of prices. Although I admit that £19.99 is in reality £20, at least you get the penny back.
We are ready known as the most ripped off nation in the "Western World" I am led to believe in which case all should be done to keep prices of ALL commodities down no matter what they are.
Gardenmad
1st May 2019
2
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If it will stop that annoying thing of advertisers pricing at £3.99 instead of £4 then please get rid of bronze. In any event, we are moving towards the cashless society with increasing use of plastic and removal of cash machines so this is just one more step. Think of the traders who have to count the coins. All time consuming and expensive.
PeterP13
30th Apr 2019
4
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Get rid of Hammond and save us all money
Poppy1112
30th Apr 2019
2
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And pray where will we get change from a item costing £1.99 or £1.98? Guess they will all be rounded up to the nearest pound as they discussed doing many years back. No they are not obsolete at all...
Retiredyorkie
30th Apr 2019
6
Thanks for voting!
No I don't think so.

One of our local shops had a box on the counter for Cancer Research and if the change came to 1p or 2p most people just dropped them in the box and a considerable amount over the year was collected

I also drop my loose copper change into any local charity collections - so why stop what goes to good causes - beurocracy gone made again.
johnboy68
30th Apr 2019
1
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the shops etc will con us again like they did when we went fromm 240 pence to a pound to 100 pence
Little3
1st May 2019
2
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Remember the shops are operating in a competitive environment. With so many outlets on the high streets getting shuttered, they clearly don't have it all their own way!
Ariadne
18th May 2019
0
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Survival of the fittest, ,think it covers business ,as well a humans.!
Billythequiche
30th Apr 2019
3
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Definitely time to ditch but the the government must pass the following legislation:
The price changes must be fair, equitable and PUBLISHED for the customers to see,
Fuel prices must be either .00 or ,05 per litre, nothing else and the metering must be accurate to either.
johnboy68
30th Apr 2019
3
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I save mine for my granddaughters to go with there saving
RR12345
30th Apr 2019
3
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Keep them otherwise all prices will increase as all shops, pubs and supermarkets etc, will increase prices to the next 5p. We remember what happened when we went decimalised all them years ago.
BobM8
30th Apr 2019
3
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got a lot bigger fish to fry than ripping off the coppers i know the government have no use for them but us poor folk do
Lind
30th Apr 2019
2
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It’s time to move on we don’t need them I work for a supermarket chain most people pay by card now at self serve tills to.
Wilf
30th Apr 2019
3
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It is true most of the time I just pay by card
Ariadne
18th May 2019
0
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I pay by cash, or cheque ,and the only cards I do ,are Christmas cards and birthday cards. IF everyone develops the Sheep attitude ,come the day, when we will all stay indoors, to shop on line ,pay bills on line, no use of cars,anymore ,and definitely no going on planes.,just stay at home watching old movies,,and eating delivered food. ,and "talking " to your friends ,on line.
Ktrott1998
30th Apr 2019
3
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It will be the biggest excuse since decimalisation to increase prices and everyone will jump on the rip off bandwagon.
jentie51
30th Apr 2019
4
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It would be yet another excuse to increase prices. It already hits people in the pocket when the necessities of life go up by a few coppers, but higher price hikes would be inevitable.

If 1p & 2ps were withdrawn, how long before 5ps followed?

I do agree that cash transactions will eventually end, with the increasing use of on-line & plastic transactions, but this will take some time as many people still prefer carrying & using cash.
Wilf
30th Apr 2019
4
Thanks for voting!
With the use of credit card payments and phone payments (which I still have not got to grips with) I think our actual cash will be disappearing in the next few decades so I do not think its a big issue. i for one hate having handfuls of copper and normally put them into charity boxs...a though charities could come up short of funding.
Sweepee
30th Apr 2019
4
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Where we old foggies still use cash to pay 99p prices ensure the shop assistant must put the payment in the till and reduces shop side theft. When folks need the penny change
JessicaR8
30th Apr 2019
3
Thanks for voting!
The problem will be that billions of items for sale will increase in prices. No more 99p. Arcade machines with 2p falls will be out. Coppers do fill your purse and so many equal so little. But it needs long term preparation. At least two years to stop pricing items of anything other than a five or a round pound.
Sweepee
30th Apr 2019
4
Thanks for voting!
Charities will lose out bigstyle.
Churches have loads of folk who donate lots of funds unconsciously because the small coins aren’t a measurable loss individually. But the wee drops soon add up.
ladywag
30th Apr 2019
3
Thanks for voting!
See - retail use 99 to keep the price of something "looking" lower. eg 15.99 is often perceived as being 15 pounds. Removing the option of a penny change would make that item 16 pounds and look more expensive. They may choose to go to the next "under" value rather than go up.
Also - who needs a till drawer full of pennies?
MaureenL17
29th Apr 2019
2
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Sorry my comment meant to say "cash them in at my bank" lol thank you predictive text!
MaureenL17
29th Apr 2019
3
Thanks for voting!
I put all my copper coins in a jar and when I have enough I bag them up and Raytheon in at my bank.I also think if the 1p and 2p coins are removed from circulation prices will go up.
Lenoir
29th Apr 2019
1
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Prices will go no doubt
Goldengirl2
29th Apr 2019
3
Thanks for voting!
Yes, I believe so -- I always dump 1p/2p received in change either into the charity box or clean them out of my purse into a little dish I have at home

Wonder if the 5p might also be in line to be discontinued?
Lionel
29th Apr 2019
3
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How on earth would we spend a penny?
Wilf
30th Apr 2019
3
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You will have to spend 10p instead Lionel!
Lionel
30th Apr 2019
3
Thanks for voting!
Lionel
30th Apr 2019
3
Thanks for voting!
Would I get a loyalty card as a frequent visitor? Don't think about a group booking!
Yodama
1st May 2019
1
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Sure you want to spend a penny after your last encounter with a toilet seat that had a mind of its own Lionel?
Judith358
29th Apr 2019
6
Thanks for voting!
Yes, they are cumbersome coins however, I, along with many others, always put them in a charity box, including the tidily little 5p, just as much of a nuisance coin. Charities would lose out if these coins disappeared. I also think it would give some retailers the opportunity to increase prices. Let’s keep them.
Yodama
29th Apr 2019
2
Thanks for voting!
Yes they should go. Round-up or down the prices. They are such heavy cumbersome coins. It will get rid of the ridiculous price tags ending in 99p, much easier to round up.
Wipeout
29th Apr 2019
2
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I do not carry cash so I do not have the problem of being weighed down with coinage...

I personally think using plastic is so much neater and I keep a regular eye on what I am spending by going online.

Perhaps we ought to be looking more into what material can be used to replace plastic cards/notes and forget about cash altogether. (maybe a tattoo barcode or an implant) Let's get into the 21st Century.
Mary Lincoln
29th Apr 2019
2
Thanks for voting!
In my opinion the 1p should go.In most items for sale, be it food or clothing the price is always 99p.It will be easier for all concerned to round it up to the nearest £. We won't have a purse full of little "ps".This is only my opinion, I'm sure there will be some who disagrees.
MrsPat
29th Apr 2019
5
Thanks for voting!
Leave our copper alone! Small change will mean everything rises in price. Shops will not lower £1.49 to £1.45 will they? It will go up to £1.50. Keep them.
RR12345
30th Apr 2019
1
Thanks for voting!
Yes and then the next price increase is £1.55.

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