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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
byPowercntrl ( 458442 ) writes:
Is there really any reason we can't just make pennies out of plastic instead? Personally, I haven't used cash in ages anyway so I'm really neither here nor there on running out of pennies, but it seems like if the problem is just that they cost too much to manufacture, make them out of something cheaper.
byAskmum ( 1038780 ) writes:
In the Netherlands, pre-euro cents were abolished and every transaction, when done in cash, was rounded to the nearest 5 cent (the next higher coin). Prices were still in cents, but buy one item for 99 cents, pay 1 guilder, buy two items for 99 cents, pay 2 guilders, buy 3 items for 99 cents, pay 2,95. You can game this by paying electronically when the rounding is not in your favour. But really, how much do you gain.
And yes, this was also because the cost of producing a cent was much higher than its value.
Post-euro, the practice continued. 1 and 2 eurocent coins are not used in the Netherlands and every transaction is rounded to the nearest 5 eurocent. Some retail even refuses to accept 1 or 2 eurocent coins even though they are still legal tender.
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