Question for you economics folks

[Badger]

Increased profits should come from increased productivity.

Only if you can sell what you produce.

[Paddy]

I was bagging up my change from my old coin tin today (yes, my life is thrilling) and was wondering what would happen if we got rid of the copper coins we have. Don't they just add to the inefficiency of the banking and cash systems in this country? If the lowest denomination was 5p would it be so bad?

I think M&S stopped having £9.99 type prices a long time ago, yeah ok they round up to £10 but isn't that good overall for the economy?

Older one pence (no magnetic) are worth 2.5p in scrap. Older 2p are worth
4p in scrap. You can double your money over night by illegally melting them down. (or sell them abroad)

[swamp]

Older one pence (no magnetic) are worth 2.5p in scrap. Older 2p are worth
4p in scrap. You can double your money over night by illegally melting them down. (or sell them abroad)

Wasn't that before the price of commodities such as copper collapsed?

http://newsvote.bbc.co.uk/1/shared/f...hree_month.stm

[Paddy]

Wasn't that before the price of commodities such as copper collapsed?

http://newsvote.bbc.co.uk/1/shared/f...hree_month.stm

Eg: 2p = 7.2gms = 138,889 per tonne = 277,778 pence per tonne or £2777.78

Copper Value = $3721 per tonne (£2,500) bugger! How do I make them back into coins!