Re:EU considers phasing out 1 and 2 cent coins
by umvi on Monday October 05, 2020 @08:06PM
(#24693506)
I say eliminate pennies, nickels, and quarters. That way you can just drop the 100ths place all together and prices will be like: 1.5, 2.3, 9.9 instead of 1.25, 3.75, etc.
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Re:EU considers phasing out 1 and 2 cent coins
by runarberg on Monday October 05, 2020 @08:13PM
(#24693548)
Americans do love to divide into powers of two (½, ¼, and ⅛) rather then tenths. If anything they would be more likely to issue an eighth dollar as they phase out the penny, the nickle and the dime. And you would see prizes such as 4 dollar and ⅜ cents (and they would probably write it as $4–¢⅜).
EDIT: And petrol stations would display the prices in sixteenths, but charge a sixteenth more.
Re:EU considers phasing out 1 and 2 cent coins
by Arcorann on Monday October 05, 2020 @09:03PM
(#24693816)
The 1/8 dollar was a feature of the old Spanish dollar (hence the term "pieces of eight", the eight pieces being known as "bits" -- "two bits" is then a quarter), which is where the Americans got it in the first place. In fact, up to 2001 American stock exchanges expressed prices in 1/8 and 1/16 dollar increments (apparently 1/16 was only introduced at the NYSE in 1997).