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The US "Penny": Should it go or should it stay?
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<p>[QUOTE="chrisild, post: 1761864, member: 39"]But if you look at Germany and the Netherlands, for example, you will notice that in both countries we have such threshold prices too. It's just that in DE, where 1 and 2 ct coins are still in use, you pay the precise total, while in NL, where I am fairly often, it works differently: You buy three items which cost 0.99, 1.89 and 2.98 - the total would thus be 5.86 (prices include all taxes here, but that does not affect this calculation).</p><p> </p><p>Use cash, and you pay 5.85 - use plastic, and you pay 5.86. Now if the cash total was 5.84, you would still make a 5.85 cash payment but pay "only" 5.84 with a card. All this without any change whatsoever to prices of single items.</p><p> </p><p>Sure, manufacturers and stores may raise their prices, reduce package sizes etc., to make more money or to make up for their own higher cost. But that happens no matter whether you have a "penny" coin or not. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p> </p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 1761864, member: 39"]But if you look at Germany and the Netherlands, for example, you will notice that in both countries we have such threshold prices too. It's just that in DE, where 1 and 2 ct coins are still in use, you pay the precise total, while in NL, where I am fairly often, it works differently: You buy three items which cost 0.99, 1.89 and 2.98 - the total would thus be 5.86 (prices include all taxes here, but that does not affect this calculation). Use cash, and you pay 5.85 - use plastic, and you pay 5.86. Now if the cash total was 5.84, you would still make a 5.85 cash payment but pay "only" 5.84 with a card. All this without any change whatsoever to prices of single items. Sure, manufacturers and stores may raise their prices, reduce package sizes etc., to make more money or to make up for their own higher cost. But that happens no matter whether you have a "penny" coin or not. :) Christian[/QUOTE]
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