…if only they were actually made of copper!
they were not so long ago – pennies have a steel core now, (so they’re magnetic) but they were solid copper back when you bought Mojos with them
Those of you worrying how rounding would work, you’ve bought petrol right?
That’s had a pointless .9 on it, which hasn’t been possible to charge for since the farthing (0.104p). And was arguably rendered pointless when fuel stopped being 20.9p and started being 200.9.
When did you last buy a single litre of petrol though. It takes 90 litres for me to fill the tank so if fuel stations priced in full pennies then they could only vary the price of the transaction by quite large increments – plus or minus 90p, Given that petrol retailers are often only making between £1 and £2 profit (most of which vanished in fees if you pay by credit card) on each fuel sale then thats quite a large step between prices.
WTF are you buying for a penny?
(also, I’m almost afraid to ask but, why?)
Its not really a case of whether theres anything you can buy for a penny its what difference it would make your your weekly shop if retailers could only vary their prices buy 5p or 10p of they couldn’t give change in coppers. 5p isn’t much but a lot of 5ps, every week, is. And given 25% of families are living in poverty in the UK (its close to 40% in some areas) just now I think lots of people are counting their pennies even if individually they don’t buy very much.