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No New 2p or £2 Coins to Be Made for 10 Years

In the News

https://www.bbc.co.uk/news/business-54196300

The Royal Mint has no plans to make new 2p or £2 coins for the next 10 years.

A coin mountain lies in storage as demand has dropped, in contrast to banknotes.

Coin-making has been cut by The Royal Mint but stocks of every coin in circulation are exceeding its targets. For £2 coins, the hoard is 26 times over target.

I’m not surprised, because even if I do handle cash, I rarely see 2p or £2 coins - in contrast, there are often lots of 1p and £1 coins about

hspexy
a year ago
What do you think of this?
ACR
ACRa year ago

I've been expecting this kind of change 😉 I haven't seen a £2 coin in ages. I tend to only use cash in places that don't accept cards or have a minimum spend requirement.

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hspexy
hspexy
Original Poster
a year ago

yes, it seems like a lot of places are phasing out cash, so anytime I do see a ‘cash only’ sign, I chuckle at how retro they are 😂

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Imnotcheap
Imnotcheapa year ago

I only use cash if I have to now and with stores asking people to use contactless now cash may become obsolete in a few years

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hspexy
hspexy
Original Poster
a year ago

I reckon it will still be around for a while yet. There are still people who refuse to use cards as they don’t want to leave a trail...

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Imnotcheap
Imnotcheapa year ago

I've never heard of that sounds a little paranoid especially when we leave trails using a smart phone, anything Facebook Alexa ect

People worry about big brother but have you seen what Facebook and Amazon have on file? Amazon even keep your order history after you die hspexy

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hspexy
hspexy
Original Poster
a year ago

Imnotcheap I’m not surprised. I knew someone who wouldn’t even get an oyster card back in the day as he said he didn’t want people to know where he’s been. Strangely enough, he did make up a FB account, but he rarely used it

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Username44902
Username44902a year ago

2p or not 2p that is the question

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Gazz3
Gazz3a year ago

I wouldn't like to see the end of cash, what would you do if the power goes out, or there’s a blip in the electronic systems or even cyber attack! How would you buy them toilet rolls! 😀

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Mick82
Mick82a year ago

Totally agree cashless society is a dangerous prospect.

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Gazz3
Gazz3a year ago
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hspexy
hspexy
Original Poster
a year ago

Very true. If we ever get the chance to go abroad again, we would definitely need cash, as not all vendors will have the facilities to take card, particularly when it comes to foreign transactions

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Bossclaz
Bossclaza year ago

It's been over 3 months since I paid for anything in cash quite happy to continue that way

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Username44902
Username44902a year ago

Change is for the better

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