new 5p and 10p coins, but will be be able to use them ?

5 Nov 2011

From January, 5p and 10p coins are set to be minted using from nickel-plated steel instead of the alloy, which has become more expensive as the price of copper has risen in recent years. (There are 3.8 billion 5p pieces in circulation in the UK, and 1.7 billion 10p pieces in circulation, according to the latest figures from March 2009).
The Treasury said the new coins were cheaper to make and the move would save taxpayers money as it will save them some £8m a year.
However whilst you can use them in shops, bars, etc. that same will probably not be possible in many areas for spending these in vending machines, car parks, etc. as last year, vending machine companies warned that the plans could cost the industry £100m in recalibrating machines to recognise both the old and new coins.
Additionally the Local Government Association (LGA), which covers England and Wales, is calling on the Treasury to help fund the estimated Council face for altering parking meters to accept new coins.
Additionally the LGA also called for an urgent decision on whether changes will be made to the £1 coin, to ensure councils do not face the expense for a second time.
All for the saving of , if in deed this saving will be achieved, but can't help feeling that there will be an awful lot of confusion and muddle that will (overall) cost more the the proposed 'saving'.
Don't you just love joined up Government banghead

5 Nov 2011

Quote by HnS
From January, 5p and 10p coins are set to be minted using from nickel-plated steel instead of the alloy, which has become more expensive as the price of copper has risen in recent years. (There are 3.8 billion 5p pieces in circulation in the UK, and 1.7 billion 10p pieces in circulation, according to the latest figures from March 2009).
The Treasury said the new coins were cheaper to make and the move would save taxpayers money as it will save them some £8m a year.
However whilst you can use them in shops, bars, etc. that same will probably not be possible in many areas for spending these in vending machines, car parks, etc. as last year, vending machine companies warned that the plans could cost the industry £100m in recalibrating machines to recognise both the old and new coins.
Additionally the Local Government Association (LGA), which covers England and Wales, is calling on the Treasury to help fund the estimated Council face for altering parking meters to accept new coins.
Additionally the LGA also called for an urgent decision on whether changes will be made to the £1 coin, to ensure councils do not face the expense for a second time.
All for the saving of , if in deed this saving will be achieved, but can't help feeling that there will be an awful lot of confusion and muddle that will (overall) cost more the the proposed 'saving'.Don't you just love joined up Government

The net saving of £2.5 million would only be in year 1, after that the savings to the tax payer would be £8 million per year, so why not make savings where possible?

6 Nov 2011

They changed the coppers ages ago - they heven't been used invending for ages - probably a link there. But that is a minor inconvenience. The saving is important - the vending people will just have to deal with it. TBH it isn't just metal content that can recognise coins - there are far cleverer systems out there.

6 Nov 2011

I thought the new technology was going non-coin... an ability to pay with your mobile phone or other such device. Coinage is as much old hat now as cutting notches on sticks.
The LGA are just sabre rattling and full of lefties. There is no evidence they would even use the money (if given) to change the meters; they'd just use it to fund more of their hair brained schemes which, by necessity, have fallen by the wayside :shock:

6 Nov 2011

oh boo hoo for those nice people that hang around your cars at a carparks waiting for your ticket to run out, so they can hit you with a compleatly outlandish fine
i hope it cost them millions and millions to change their machines :twisted: :twisted:
funny how they scream like bitches when they have to hand money over

7 Nov 2011

why??
why???
why???
those coins are worthless now and to change them is just WHY ???
another civil servent looking to justify there money.
loon

:loon:
there was me thinking this country was on the borders of going skint. they sure have more money than they let on

7 Nov 2011

Quote by starlightcouple
why??
why???
why???
those coins are worthless now and to change them is just WHY ???
another civil servent looking to justify there money.
:loon:
there was me thinking this country was on the borders of going skint. they sure have more money than they let on

How are the coins now worthless? The new 5/10p will have exactly the same face value as the old 5/10ps. It wouldn't matter which ones you have in your pocket.
The reason they are being changed is that someone has calculated that savings of £8 million per annum can be achieved by changing to the new coins.

7 Nov 2011

Quote by Max777
How are the coins now worthless? The new 5/10p will have exactly the same face value as the old 5/10ps. It wouldn't matter which ones you have in your pocket.

hello max. i cannot remember the last time i actually brought anything using a 5p piece. yes something could be say and you get that 5p in change and then you use it for what exactly? the same could be said for the 10p coin. in todays money world they are a useless coinage.

Quote by Max777
The reason they are being changed is that someone has calculated that savings of £8 million per annum can be achieved by changing to the new coins.

8 million pounds eh? that would possibly pay for about three rockets in afghanistan. hardly a life changing amount max.
when you say " someone " have you any idea who this " someone " is max?
i bet you that it is someone with a care in the community order. lol

oh and you can keep the 5p as you seem to think that it is worth keeping. wink

7 Nov 2011

Cant remember the last time I paid for parking with cash.

7 Nov 2011

What can 5p buy?

7 Nov 2011

So £8 million a year isn't worth saving? It may only pay for 3 rockets in Afghanistan but it would pay for nearly 300 nurses in the UK. Following your argument, why bother making savings anywhere?
As for the 5 and 10 pence coins being valueless, count yourself fortunate that you are in a position to think that way.

8 Nov 2011

Quote by croydoncouple38
Cant remember the last time I paid for parking with cash.

Cant remember the last time I paid for parking...

8 Nov 2011

Quote by Max777
So £8 million a year isn't worth saving? It may only pay for 3 rockets in Afghanistan but it would pay for nearly 300 nurses in the UK. Following your argument, why bother making savings anywhere?

sorry max but you could taker that rediculous argument to any level. councils waste more than that per yeer easily. money that is wasted could i reckon top well over a billion pounds every yeer, you only have to look at quangos to see how much money is wasted.
if and that is a massive word that IF that money saved was put to good use i would be right behind you, but you and i both know that even with those kinds of savings do you really expect more nurses or police officers or teechers because of that saving? come on max do you reely?
i cannot see the reeson to change the money as it is not reely used as it is virtually worthless. changing for changing sake i think, and whether they save the money or not max, sorry no extra nurses or anything else extra mate.

Quote by Max777
As for the 5 and 10 pence coins being valueless, count yourself fortunate that you are in a position to think that way.

i have never herd a statement so filled with silly assumptions max.
so if i had three 5p's and two 10p's which would make 35p apart from buying a copy of the sun newspaper max :thumbup:, what else would it buy you or me that would make our lives so much better? in fact max if you was poor would 35p be a valued ammount of money for a poor person to buy something of worth?
come on max, you reely are not being sensible here.:notes:

8 Nov 2011

That reminds me of the coin puzzle star...
If I have 2 coins in my pocket totalling 15p and one of them is not a 10p, what are they?

8 Nov 2011

Quote by starlightcouple
So £8 million a year isn't worth saving? It may only pay for 3 rockets in Afghanistan but it would pay for nearly 300 nurses in the UK. Following your argument, why bother making savings anywhere?

sorry max but you could taker that rediculous argument to any level. councils waste more than that per yeer easily. money that is wasted could i reckon top well over a billion pounds every yeer, you only have to look at quangos to see how much money is wasted.
if and that is a massive word that IF that money saved was put to good use i would be right behind you, but you and i both know that even with those kinds of savings do you really expect more nurses or police officers or teechers because of that saving? come on max do you reely?
i cannot see the reeson to change the money as it is not reely used as it is virtually worthless. changing for changing sake i think, and whether they save the money or not max, sorry no extra nurses or anything else extra mate.

Quote by Max777
As for the 5 and 10 pence coins being valueless, count yourself fortunate that you are in a position to think that way.

i have never herd a statement so filled with silly assumptions max.
so if i had three 5p's and two 10p's which would make 35p apart from buying a copy of the sun newspaper max :thumbup:, what else would it buy you or me that would make our lives so much better? in fact max if you was poor would 35p be a valued ammount of money for a poor person to buy something of worth?
come on max, you reely are not being sensible here.:notes:
a pot noodle dunno

8 Nov 2011

Quote by starlightcouple
So £8 million a year isn't worth saving? It may only pay for 3 rockets in Afghanistan but it would pay for nearly 300 nurses in the UK. Following your argument, why bother making savings anywhere?

sorry max but you could taker that rediculous argument to any level. councils waste more than that per yeer easily. money that is wasted could i reckon top well over a billion pounds every yeer, you only have to look at quangos to see how much money is wasted.
if and that is a massive word that IF that money saved was put to good use i would be right behind you, but you and i both know that even with those kinds of savings do you really expect more nurses or police officers or teechers because of that saving? come on max do you reely?
i cannot see the reeson to change the money as it is not reely used as it is virtually worthless. changing for changing sake i think, and whether they save the money or not max, sorry no extra nurses or anything else extra mate.

Quote by Max777
As for the 5 and 10 pence coins being valueless, count yourself fortunate that you are in a position to think that way.

i have never herd a statement so filled with silly assumptions max.
so if i had three 5p's and two 10p's which would make 35p apart from buying a copy of the sun newspaper max :thumbup:, what else would it buy you or me that would make our lives so much better? in fact max if you was poor would 35p be a valued ammount of money for a poor person to buy something of worth?
come on max, you reely are not being sensible here.:notes:
I think I'm being eminently sensible Star. Are you really saying that it's not worth making savings anywhere?
Whether the savings are spent on nurses or not, if savings can be made then make them. If nothing else, it will save the government deficit from growing ever larger.
As for the 5 and 10 pence coins being valueless, try telling that to someone living on Jobseekers Allowance or similar. I would think every 5 and 10 pence piece is valuable to them.
If nothing else, stick them in a charity box, there's 5.5 billion of the coins in circulation...charities won't say no.

8 Nov 2011

Quote by Max777
I think I'm being eminently sensible Star. Are you really saying that it's not worth making savings anywhere?

not at all. just that 8 million pounds in the wider scheme of government monies is not even a speck of salt in an oceon.

Quote by Max777
Whether the savings are spent on nurses or not, if savings can be made then make them. If nothing else, it will save the government deficit from growing ever larger.

sorry max that is like telling canary wharf to turn off one of there lights in a toilet cubicle, when they have all there other lights on. would it make a jot of any diffrence to anyone?

Quote by Max777
As for the 5 and 10 pence coins being valueless, try telling that to someone living on Jobseekers Allowance or similar. I would think every 5 and 10 pence piece is valuable to them.

maybe robs version of a pot noodle has a bit of truth to it then?
i have been on jobseekers and frankly 3 5p's in my pocket still made no fecking differance to my life.

Quote by Max777
If nothing else, stick them in a charity box, there's 5.5 billion of the coins in circulation...charities won't say no.

now that is a very sensible thing you have said there max. and one that i will not argue with. charities DO make a difference with money they raise, but saving 8 million pounds for a government is not even a second in a week to them.

8 Nov 2011

Quote by starlightcouple
If nothing else, stick them in a charity box, there's 5.5 billion of the coins in circulation...charities won't say no.

now that is a very sensible thing you have said there max. and one that i will not argue with. charities DO make a difference with money they raise, but saving 8 million pounds for a government is not even a second in a week to them.
Saving £8 million in isolation may make little difference but its £8 million per annum. There will be many areas where similar figures can be saved and they will all add up.
So what are you suggesting we do with these coins......scrap them?

8 Nov 2011

Quote by Max777
If nothing else, stick them in a charity box, there's 5.5 billion of the coins in circulation...charities won't say no.

now that is a very sensible thing you have said there max. and one that i will not argue with. charities DO make a difference with money they raise, but saving 8 million pounds for a government is not even a second in a week to them.
Saving £8 million in isolation may make little difference but its £8 million per annum. There will be many areas where similar figures can be saved and they will all add up.
So what are you suggesting we do with these coins......scrap them?
actually scrap value for metal is at its highest in seven yeers i hear. wink

8 Nov 2011

Quote by starlightcouple
If nothing else, stick them in a charity box, there's 5.5 billion of the coins in circulation...charities won't say no.

now that is a very sensible thing you have said there max. and one that i will not argue with. charities DO make a difference with money they raise, but saving 8 million pounds for a government is not even a second in a week to them.
Saving £8 million in isolation may make little difference but its £8 million per annum. There will be many areas where similar figures can be saved and they will all add up.
So what are you suggesting we do with these coins......scrap them?
actually scrap value for metal is at its highest in seven yeers i hear. wink

You didn't answer the question.

9 Nov 2011

Was on Jobseekers allowance myself a while back and came withing a whisker of losing the house such was the level of poverty...
I had no qualms at all in walking into a shop and buying something for say £1 and paying with twenty 5p pieces....
Every penny in your pocket counts (more so these days than probably ever before)...
So they're not worthless at all....

9 Nov 2011

Quote by Steve
Was on Jobseekers allowance myself a while back and came withing a whisker of losing the house such was the level of poverty...

sorry but almost losing a posession such as a house, many would say is certainly not poverty.
if you had no house and no posessions then that word could be used, but many would feel there is no way you are in poverty purely because you nearly lost an asset as big as a house.

9 Nov 2011

Quote by starlightcouple
If nothing else, stick them in a charity box, there's 5.5 billion of the coins in circulation...charities won't say no.

now that is a very sensible thing you have said there max. and one that i will not argue with. charities DO make a difference with money they raise, but saving 8 million pounds for a government is not even a second in a week to them.
Saving £8 million in isolation may make little difference but its £8 million per annum. There will be many areas where similar figures can be saved and they will all add up.
So what are you suggesting we do with these coins......scrap them?
actually scrap value for metal is at its highest in seven yeers i hear. wink

OK let me rephrase the question. Seeing as how you believe these coins to be worthless and also not worthwhile minting them much more cheaply, do you suggest that they should be withdrawn from circulation?

9 Nov 2011

Quote by starlightcouple
Was on Jobseekers allowance myself a while back and came withing a whisker of losing the house such was the level of poverty...

sorry but almost losing a posession such as a house, many would say is certainly not poverty.
if you had no house and no posessions then that word could be used, but many would feel there is no way you are in poverty purely because you nearly lost an asset as big as a house.
I certainly call it poverty when my next step would have been living on the streets...Or a hostel.....
When I still almost lost the house while living on toast constantly....
Have had no heating in the house since September last year as I still cannot afford to have it replaced.....
You try to run and pay for a house on the measly amount the state see's fit to award....
Heat it.....Clothe yourself....Feed yourself....
And try to jump through the hoops that the Social put in front of you by telling you if you don't attend X amount of interviews you run the risk of having benefit withdrawn...
And do all this while living next door to someone who has been in the country 2 minutes and gets a house exactly the same as yours for free...
Has a nice car....Nioce clothes and is always out on the town.....Yet doesn't work....
Oh.....And I see you didn't bother to quote the bit about 5p and 10p pieces being worth something which was the main point rolleyes

9 Nov 2011

Quote by Max777
OK let me rephrase the question. Seeing as how you believe these coins to be worthless and also not worthwhile minting them much more cheaply, do you suggest that they should be withdrawn from circulation?

ermmmm for me max it would actually make no difference at all wether they were in circulation or taken away. i am sure that as has been mentioned about charities making money out of peeples loose change in there boxes, which i am sure carries a lot of that coinage.
so for that reeson i would leeve them in circulation.
maybe i am a very lucky person where those coins meen very little to me, and btw i am certainly not wealthy by any meens.
i hope that kind of answers your question max as i do not know what else to add at this time.

9 Nov 2011

Quote by Steve
I certainly call it poverty when my next step would have been living on the streets...Or a hostel.....
When I still almost lost the house while living on toast constantly....
Have had no heating in the house since September last year as I still cannot afford to have it replaced.....

would may could have etc steve, the truth is many peeple would say you was not in poverty as you had a house that had money in it i would presume with the way house prices have risen, where by many peeple actually have nothing. now that is reel poverty my friend.

Quote by Steve
You try to run and pay for a house on the measly amount the state see's fit to award....
Heat it.....Clothe yourself....Feed yourself....
And try to jump through the hoops that the Social put in front of you by telling you if you don't attend X amount of interviews you run the risk of having benefit withdrawn...

i understand and can read from what you write here, your bitterness and obvious resentment, but i am sorry for your problems that btw are not my fault, but having a few 5p's in my little pocket i cannot see how that would make any reel difference to the predicament you unfortunatlaty found yourself in.

Quote by Steve
And do all this while living next door to someone who has been in the country 2 minutes and gets a house exactly the same as yours for free...
Has a nice car....Nioce clothes and is always out on the town.....Yet doesn't work....
Oh.....And I see you didn't bother to quote the bit about 5p and 10p pieces being worth something which was the main point

your first points steve you sound a very angry man. you i beleeve do not know the reel personel circumstances from the person next door, as how can you possibly know when as you say " been in the country for 2 minutes ".?
it seems very strange to me where your good self gets very little to live on, yet someone who has brought nothing to this country and has only just arrrived gets to your mind everything. how can that be steve? that sounds like an advert from some right wing newspaper surely?
to many reeders read about those things in the sun/daily mail my friend. is it true? i do not know for sure but i would certainly hope not as that would not be fare at all.
your last point i have answered in max's reply steve.
i hope that this coming winter your house is nice and warm. :thumbup:

9 Nov 2011

Quote by starlightcouple

OK let me rephrase the question. Seeing as how you believe these coins to be worthless and also not worthwhile minting them much more cheaply, do you suggest that they should be withdrawn from circulation?

ermmmm for me max it would actually make no difference at all wether they were in circulation or taken away. i am sure that as has been mentioned about charities making money out of peeples loose change in there boxes, which i am sure carries a lot of that coinage.
so for that reeson i would leeve them in circulation.
maybe i am a very lucky person where those coins meen very little to me, and btw i am certainly not wealthy by any meens.
i hope that kind of answers your question max as i do not know what else to add at this time.
There's a much bigger reason for not withdrawing the coins from circulation than filling
charity boxes. Price Inflation.
So you see, the coins are not worthless in any shape or form and if £8 million per annum can be saved in the minting of them, then it should be done. And that is not a ridiculous argument in any shape of form.

12 Nov 2011

Look after the pennies and the pounds will look after themselves.
Still as true as it ever was. :thumbup: