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Currency denominations.


AlanHo
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I am thinking of starting petition for the Bank of England to issue 49p and 99p coins. I don't need to tell you why and how practical it would be.

Are there any other coin or note denominations I should include in the petition whilst I am at it....?

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I am thinking of starting petition for the Bank of England to issue 49p and 99p coins. I don't need to tell you why and how practical it would be.

Are there any other coin or note denominations I should include in the petition whilst I am at it....?

I think a useful one would be a standard one to be used when one wants 2 p.

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Good idea. There are so many things priced so many pounds and 99p these days. I don't know who they think they are kidding. Do they really expect us to believe that there is a world of difference in £100 and £99.9. :D

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Good idea. There are so many things priced so many pounds and 99p these days. I don't know who they think they are kidding. Do they really expect us to believe that there is a world of difference in £100 and £99.9. :D

I make it 10p - perhaps we need a 90p coin as well.... :lol:

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Good idea. There are so many things priced so many pounds and 99p these days. I don't know who they think they are kidding. Do they really expect us to believe that there is a world of difference in £100 and £99.9. :D

I make it 10p - perhaps we need a 90p coin as well.... :lol:

NO COMMENT

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Good idea. There are so many things priced so many pounds and 99p these days. I don't know who they think they are kidding. Do they really expect us to believe that there is a world of difference in £100 and £99.9. :D

I make it 10p - perhaps we need a 90p coin as well.... :lol:

Should have said £99.99, I had something else on my mind at the time. :lol:

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That is what is looked upon as "progress".

In the "dark ages" (prior to the welfare state) it was free and there was one on nearly every street corner, kept clean and maintained by the local authority.

We have come along way since that sad state of affairs.

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Yes, when something costs £5.99 here, that's what you pay. Any tax is included in the selling price so we tend to offer £6 and get 1p change. These 1ps mount up and make a great hole in one's pocket (or clog up one's purse) and no-one wants them.

This only applies when using cash of course....which not many do these days :rolleyes:

I favour a move back to bartering.

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Isn't there an issue about the value of the metal in the low denomination coins beig worth more than the face value? I seem to remember reading recently that there are draconian penalties for smelting them for the base metal. Given the price of metals these days.

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Isn't there an issue about the value of the metal in the low denomination coins beig worth more than the face value? I seem to remember reading recently that there are draconian penalties for smelting them for the base metal. Given the price of metals these days.

They talked about this on T V a few days ago. HERE

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Canada has:

.1, .5 .10, .25, (.50), 1, 2, 5, 10, 20, 50, 100 etc..

Note the 50 cents is no longer in circulation. I think a 49 or 99 cent would be a good idea, but when something costs 5.99, by the time you add tax (6.89) its not very useful.

Perhaps it is different across the pond?

Much different. All shops in the UK show V.A.T. inclusive prices. So if a price is shown as £4.99 that is the total price including tax. V.A.T is Value added tax. The prices are shown like this because companies feel that psychologically we are daft enough to think that £5.99 is about a pound cheaper than £6 would appear to be. :D

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I can remember the time when petrol was 99.9p/litre - 3 days ago - was getting a bit low and had a 5p/litre off from Tesco so called into a garage that was advertising 99.9p/litre. As an experiment I put exactly 10 litres in and the pump showed £10.00. So even the pumps cheat just like the Government!

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