Australia has dropped he 1c coins. The lowest denomnation is 5c. If anything is priced at less than a 5c increment, it has to be rounded down to the nearest 5c. Makes sense!
John F-L > Steve (and others) > > > > In a number of European countries, the 1c and 2c coins are not used. > Although prices often end with .99, the bill is rounded to the nearest 5c > when it is totted up. Thus on some occasions you might loose 1c or 2c, > but > on other occasions you will gain 1c or 2c. In the long run the two > balance > each other out. > > > > _____ > > From: owner-u...@colostate.edu [mailto:owner-u...@colostate.edu] On Behalf > Of Stephen Humphreys > Sent: 13 April 2010 11:57 > To: U.S. Metric Association > Subject: [USMA:47112] RE: Decimal currency & Metrication > > > > Welcome to our currency. (well the £/p one at least!) > Yes the sizes are a bit odd - eg the 2p is huge while the 5p is tiny! > If you have any 2p's that are older than (guess) a few years then you'll > hold coins that are worth more than their face value! This is due to the > price of copper going up. A small 'interesting fact of the day' there. > > I also say they should dispense with 1p and 2p to hostile remarks from the > other half. The problem is most things get priced up with .99 at the end. > > I always prefer checkouts that have a charity box nearby! > > > _____ > > From: carlet...@comcast.net > To: barkatf...@hotmail.com; usma@colostate.edu > Subject: RE: [USMA:47103] RE: Decimal currency & Metrication > Date: Mon, 12 Apr 2010 20:35:02 -0400 > > Last spring when I was in the UK and Ireland I got slightly annoyed by the > 2 > cent (Euro) and the 2 pence coin. I wasnt quite sure why they were > needed, > they made one too many to sort out. 1, 5, 10, 20 pence/cent, and 1 and 2 > pound/euro, would have been fine for the coins. Also, the size increase > wasnt linear. > > > > Carleton > > > > From: owner-u...@colostate.edu [mailto:owner-u...@colostate.edu] On Behalf > Of Stephen Humphreys > Sent: Monday, April 12, 2010 12:23 > To: U.S. Metric Association > Subject: [USMA:47103] RE: Decimal currency & Metrication > > > > I have a single unit/item called a 20p coin. 5 of these and I will have > £1.00. > If I have a 50p coin I have half of £1 (£1 being 100 pence). > I also have far too many 2p pieces. Fifty of them make up a pound (£1) > Rather nicer is this £20 note. You can do the math(s) relating to all the > other items above. > > If our currency was made up of just 1p pieces, £1 coins, £100 notes etc > then > you could just about start to apply metric principles to our currency and > talk about decipounds, megapence, kilopounds etc. > > If I go to other countries I see similar attributes to their currency - > although there is no currency which is stored in an office in Paris or > whatever - although the dollar is the prototype of some currencies, you > could say. > > Having said that, none of the other currencies have prefixes such as kilo, > mega, etc either and none are based upon a scientific constant (in fact > they > change in value every minute of every day). > > Similarly I cannot divide or multiply my currency by another metric > measure > - although I suppose you could say that salary = X£/s > > "Decimal" is all that links our currency and metric measures. > > <Exit stage right> > > > _____ > > From: stevo.da...@btinternet.com > To: usma@colostate.edu > Subject: [USMA:47101] RE: Decimal currency & Metrication > Date: Mon, 12 Apr 2010 14:36:47 +0100 > > Metric is base 10; decimal and decimal currency is base 10. > > > > Both divide up and down by units of 10: > > > > 5p - 50p - £5 > > > > 5cm - 50cm - 500cm (or 5 metres). > > > > Both divide into decimal fractions of 10: > > > > £1.45 - £14.50 - £145 > > > > 1.45cm - 14.5cm - 145cm (or 1 metre, 45cm) > > > > The only real difference is that you cannot divide decimal currency beyond > the number 1. > > > > So, all in all, I would say decimal and metric are very similar indeed and > work on the same principles. > > > > ----- Original Message ----- > > From: Stephen <mailto:barkatf...@hotmail.com> Humphreys > > To: U.S. Metric <mailto:usma@colostate.edu> Association > > Sent: Friday, April 09, 2010 10:46 PM > > Subject: [USMA:47088] RE: Decimal currency & Metrication > > > > You could also say that 'base-10' is the only thing that links metric and > decimal currency. > > > > On other levels there is very little commonality - For example - you can > have a mixture of unit-types happening concurrently. In fact all > countries > are mixed unit (imp or USC and metric) - just to varying degrees, eg > Germany > has very little imperial - but still has it (BTU, inches) right up to the > UK > and then the US. In the latter two countries you can see a large mix of > units operating concurrently. > > > > You cannot have a decimal currency and a non-decimal currency running > concurrently. Maybe during a transition there are 'equivalences' but this > simply makes non-dec currency equivalent to a a dec one. > > > > Some people say that money is a 'measure' of wealth. I think that's as > far > as the use of the word goes. > > > > Decimal and decimalization is a mathematical theory - ie 'decimal' is not > a > measurement. > > metric and metrication *is* a measurement topic. > >> Date: Fri, 9 Apr 2010 21:24:48 +0100 >> From: tom.w...@tomwade.eu >> Subject: [USMA:47087] Decimal currency & Metrication >> To: usma@colostate.edu >> >> >> >> > I doubt it. Currency is different. It's not metricating. The >> > equivalent in measures would be to make 10 inches = a foot etc (that's >> > decimalisation) . >> >> Decimal currency predated the metric system, which is why there >> are differences, but both decimal currency and metrication have a lot in >> common - the main property being both align conversion of units/subunits >> with the base numbering system. Since base 10 is universally used in >> number representation (leaving aside computer internals), both >> metrication and decimal currency achieve the same ease of conversion by >> using tens and multiples of tens. Metrication is simply the appliance >> of the principles of decimal currency to other forms of measure, >> extending the range of multiples to suit varying magnitudes. >> >> Of course, it is in the interest of anti-metric campaigners to try and >> paint metrication and decimalization as totally different concepts. >> This is because decimal currency is widely accepted in the two main >> metric hold-out countries. Pretty much every American is familiar with >> converting between dollars and cents, and sees the correlation between >> $1.24 and 124 cents without even thinking about it. >> >> A powerful argument in favor of metrication is that measuring your >> height in metric as 1.74 m (or 174 cm) is exactly the same as dealing >> with dollars and cents. For the far right jingoistic gun-toting >> nationalists, you can point out that the metric system is simply the >> application (and extension) of the American idea of applying decimal >> principles to other forms of measurements. Once the US introduced >> decimal currency (the first major currency to do so) it pretty much was >> followed everywhere else. We should not lose the opportunity to draw >> parallels between the two in the campaign for metrication in the US. >> >> For the UK, some people are old enough to remember the cumbersome twelve >> pennies to the shilling an twenty shillings to the pound (which lasted >> until 1971). It should be pointed out that if organizations like the >> BWMA had their way in the seventies, people would still be struggling >> with this nonsense. No doubt after metrication has been established for >> a few years, people will look back on miles & pints with the same >> curious bafflement at why people put up with it for so long. >> >> The parallels between metrication and decimal currencies are of major >> importance in the campaign for metrication. They are *not* completely >> different concepts, but two sides of the same coin (so to speak). >> >> Tom Wade >> > > > > > _____ > > > Get a new e-mail account with Hotmail - Free. Sign-up now. > <http://clk.atdmt.com/UKM/go/197222280/direct/01/> > > > > _____ > > Get a free e-mail account with Hotmail. Sign-up now. > <http://clk.atdmt.com/UKM/go/197222280/direct/01/> > > > > _____ > > Get a free e-mail account with Hotmail. Sign-up now. > >
