Submitted on Tuesday 19th July 2016
Published on Tuesday 26th July 2016
Current status: Closed
Closed: Thursday 26th January 2017
Signatures: 13
Tagged with
Money ~ New Zealand ~ UK
Stop the minting of Copper Coins
There is very little that can be purchsed for 1p or 2p now, so it is pointless having these coins. It is also a waste of money minting them. If the lowest denomination of coin minted was 5p then everything could be priced at £x.95 instead of £x.99
New Zealand's smallest coin is the 10c which is approximately equivalent to 5p (GBP)
Australia has scrapped its 1c & 2c and its 5c coin is approximately equivalent to 3p (GBP)
In the USA it has long been known that minting the 1c coin actually costs more than 1c per coin.
Many people in the UK often throw away 1p & 2p coins as they are practically worthless.
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