Mike Perry - Thanks, Mike. I think you all introduced the pound coin while we were there. Britain was smart to take the pound notes out of circulation when they started with the coin.
Margaret Siemers It changed well before the dreaded Euro. It had to change really to units of 100 for the computers. So now it's 100 pence to the pound (£), much easier for everyone.
Mike Martin People didn't seem to like the idea of the £1 note going, but it made sense. A coin is much better and doesn't get dirty and tatty. I suppose though, we won't need 'real' money in our pockets and purses soon. It'll all be cards.
There have been several times the US has tried to get rid of the 1 dollar note, and replace it with a coin. It is cheaper to produce than the bills and lasts much longer. The average US 1 dollar bill has a life of about 13 months. But people won't change and all the dolor coins have failed.
Oshi Shikigami Getting rid of the pound note was far from popular in the UK but a coin makes more sense and now it's accepted (well, I guess there's no choice!).
It is logical and reasonable in the US, but seems doomed. Like using the metric system, there are too many intractable people set in their ways, stopping change that would save time, money and lives...
Coins are heavy to carry. Ever try to go to a yard sale with 20 1$ coins in your pocket and you will think the paper is better by far. lol Besides, I think the point is kind of moot here in the US. Bills are used less and less every day and replaced with plastic. The life expectancy of bills is actually increasing these days.
Mike Perry - Aging memory... Wasn't it something like 20 pence = 1 shilling and 12 shillings = 1 pound?
ReplyDeleteMike Martin 12 pence = 1 shilling and 20 shillings = £1. So 240 pence to the pound - and we used to do it without calculators!
ReplyDeleteOk, I will ask...What changed the way you use money, was it the introduction of the Euro?
ReplyDeleteMike Perry - Thanks, Mike. I think you all introduced the pound coin while we were there. Britain was smart to take the pound notes out of circulation when they started with the coin.
ReplyDeleteMargaret Siemers It changed well before the dreaded Euro. It had to change really to units of 100 for the computers. So now it's 100 pence to the pound (£), much easier for everyone.
ReplyDeleteMike Martin People didn't seem to like the idea of the £1 note going, but it made sense. A coin is much better and doesn't get dirty and tatty.
ReplyDeleteI suppose though, we won't need 'real' money in our pockets and purses soon. It'll all be cards.
Well I will be darned, I never knew that.
ReplyDeleteThere have been several times the US has tried to get rid of the 1 dollar note, and replace it with a coin. It is cheaper to produce than the bills and lasts much longer. The average US 1 dollar bill has a life of about 13 months. But people won't change and all the dolor coins have failed.
ReplyDeleteOshi Shikigami Getting rid of the pound note was far from popular in the UK but a coin makes more sense and now it's accepted (well, I guess there's no choice!).
ReplyDeleteIt is logical and reasonable in the US, but seems doomed. Like using the metric system, there are too many intractable people set in their ways, stopping change that would save time, money and lives...
ReplyDeleteCoins are heavy to carry. Ever try to go to a yard sale with 20 1$ coins in your pocket and you will think the paper is better by far. lol
ReplyDeleteBesides, I think the point is kind of moot here in the US. Bills are used less and less every day and replaced with plastic. The life expectancy of bills is actually increasing these days.