Royal Mint Strikes The UK's Smallest Ever Coin

[6Foot2]

Link: The Britannia 2014 Fortieth Ounce Gold Proof Coin

 

http://www.royalmint.com/~/media/Images/Products/B/BR14G40/BR14G40_size.ashx

 

Cost: £ 50

[unixman_again]

and worth 50p if you spend it - bargain!

[Arthur]

Will vending machines accept it?

[Dos_Box]

IT'S SO CUTE!!

[Miscbrah]

Can I pay parking fines with it?

[localzuk]

Imagine if you took it out the case to look at it, sneezed and dropped it. You'd never find it!

[6Foot2]

Imagine if you took it out the case to look at it, sneezed and dropped it. You'd never find it!

 

I don't think that the picture above really conveys how small the coin is. I think this one does a better job:

 

http://i.snag.gy/pNkFX.jpg

[SpuffMonkey]

I wish they'd get on an abolish all the "copper" coinage - its pointless - start at 5p or 10p

[Arthur]

I wish they'd get on an abolish all the "copper" coinage - it's pointless - start at 5p or 10p

I don't like copper coins either, but would abolishing them cause retailers to make stuff more expensive by raising prices or giving you less of something?

 

... the biggest argument for keeping the penny is financial. Its existence helps to keep prices down. For whenever a coin is ditched, retailers and service providers cynically use the opportunity to surreptitiously round prices up rather than down. (Source)

 

I suppose getting rid of 1p and 2p coins would force shops to stop using psychological pricing! I HATE that!

[SpuffMonkey]

I don't like copper coins either, but would abolishing them cause retailers to make stuff more expensive by raising prices or giving you less of something?

 

Yeah maybe - but we've got rid of small worthless coins in the past and the world didn't end! I even remember halfpenny (new and old), threepenny bit, farthing etc

[unixman_again]

Australia got rid of it's 1c and 2c coins in 1992 and prices weren't raised. Goods are still priced ending in 98c or 99c, and rounded up or down to the nearest 5c on purchase. The only real difference is your pocket is a bit lighter. I seem to recall that charities approved, as it was costing them more to count the 1c and 2c coins dropped in the buckets, than the coins were worth. I wish the would be dropped here in Blighty.

[Sdrawkcab]

I don't like copper coins either, but would abolishing them cause retailers to make stuff more expensive by raising prices or giving you less of something?

 

 

 

I suppose getting rid of 1p and 2p coins would force shops to stop using psychological pricing! I HATE that!

 

It doesn't. They've done away with the lowest denomination coin in Sweden and (iirc) Denmark, stuff still costs "1.99" instead of "2" but you don't get your 0.01 back. I think the coins are still technically legal tender but they aren't producing any more so you never see them anywhere.