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(CBS News)   McDonald's Japan cuts prices to round numbers in order to reduce handling of one- and five-yen coins. American penny wanted for questioning   (cbs.marketwatch.com) divider line 127
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5613 clicks; posted to Main » on 21 Jan 2005 at 4:38 AM (10 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2005-01-20 10:17:31 PM  
I wish the whole world would adopt this attitude.

Pennies are the most useless things in the world.
 
2005-01-20 10:34:56 PM  
I'm throwing all my pennies into a drawer through the year, and putting them in the first bell ringers collection bin I see. Before that I'd just toss any I received into the take a penny leave a penny thing.
 
2005-01-20 10:40:52 PM  
I prefer the $1 in coin form too
 
2005-01-20 10:41:49 PM  
I like pennies, I remember the "penny box" at our local Mom and Pop store (now gone)...for 5 or 6 pennies you could get a whole handful of goodies.
 
2005-01-20 10:47:15 PM  
In other news: Coinstar machines start a riot
 
2005-01-20 11:07:43 PM  
People still use coins?
 
2005-01-20 11:13:15 PM  
People still use cash?
 
2005-01-20 11:13:29 PM  
For about 20 years I'd put my pennies (and occasional silver change) in this giant piggy bank. It was a two foot tall pig dressed like an old mexican bandito. I'd tell people it was my retirement fund.

Anyway, he was well over half full when my daughter tried out a skateboard in the house slipped and sent the board straight at Senior Banco. I took the coins to the local Coinstar and had over $300.

/end meaningless ramble
 
2005-01-20 11:21:10 PM  
Sweet, I can start bankrolling all my crappy little 1 yen coins.

exick In Japan, at least outside Tokyo, using credit is still pretty rare.
 
2005-01-20 11:25:46 PM  
You know, america has issues with the coin heirarchy.

The nickel and penny are both bigger than the dime, but they are worth less. The half dollar is bigger than the all-mighty gold $1 coins that circulated for about 5.9 minutes. This is not okay with me.

/pennies are useless
//got a farking gold dollar as change for coffee this morning, got yelled at by a sub shop for trying to spend it to buy my lunch
 
2005-01-20 11:27:12 PM  
we got rid of copper years ago down here... i don't carry anything less than dollar coins around with me any more either so i've literally got a couple of bags worth of 10 and 20 cent coins at home...

would make swinging a sack of doorknobs seem like childs play..
 
2005-01-20 11:36:23 PM  
exick: People still use cash?

My dealer wont take plastic.
Or checks.
 
2005-01-20 11:46:35 PM  
selloutvixen:

You know, america has issues with the coin heirarchy.

The nickel and penny are both bigger than the dime, but they are worth less. The half dollar is bigger than the all-mighty gold $1 coins that circulated for about 5.9 minutes. This is not okay with me.




I think the idea is to make coins as similar in value as DISIMILAR as possible, on purpose, so they were not confused. That seems retarded to us today, but when they were all initially released, that would be a different story.
 
2005-01-21 12:11:37 AM  
Funsucker

Weird. I would think making the size and value proportionate, it would actually eliminate confusion. Meh.
 
2005-01-21 12:14:21 AM  
selloutvixen:

got a farking gold dollar as change for coffee this morning, got yelled at by a sub shop for trying to spend it to buy my lunch


That's nothing. Why just the other day I was getting a Chalupa at Taco Bell and all I had was a $2 Bill..
 
2005-01-21 01:54:33 AM  
They don't use american pennies in Japan.

Even on American military base. Well, except the post office. The exchange and commissary both round the final bill (up or down).
 
2005-01-21 04:46:10 AM  
Makes you wish dealers used paypal sicki.
 
2005-01-21 04:50:27 AM  
Vending machines will not accept 1 and 5 yen coins either.

/I don't mind the 1 yen, but I wish it felt like an actual coin ... at least the penny has that going for it.
 
2005-01-21 04:53:00 AM  
I like $2 coins
I wish the US1$ coins wouldah caught on more.
 
2005-01-21 04:54:59 AM  
2005-01-20 11:13:29 PM Philbb
"two foot tall pig dressed like an old mexican bandito"

Do you have a pic? I think this would be quite amusing
So the pig is now all broken? Farkers want more information about this pig
 
2005-01-21 04:56:09 AM  
You know what one of the most vocal groups of people who demonstrated against the $1 coin was?

Strippers.
 
2005-01-21 04:56:36 AM  
How about asspennies?
 
2005-01-21 04:58:39 AM  
In the US we should get rid of pennies. Round to the nearest .05
Then get rid of dollar bills, keep the dollar coins.

/Waiting for the govt. to ask me what I think.
//not holding breath
 
2005-01-21 05:01:19 AM  
zamboni


The only problem with that theory is that eventually we would start to look at nickels the same way we look at pennies.
 
2005-01-21 05:06:09 AM  
Here in Australia we have a great system for paper money and a kinda ridiculous system for coins.

Paper: all different colours and sized according to value. As far as I know it was the first currency in the world to be made out of this fancy new polymer that is now being adopted elsewhere. So easy to see what you have.

Coins: No 1c or 2c since a few years ago. Here are the coins we have arranged in order of diameter:
5c, $2, 10c, $1, 20c, 50c.

The $1 and $2 are really thick but are otherwise almost the exact same diameter as the 5c and 10c respectively. the 50c coin is not circular but 12-sided. On NYE a taxi driver tried to rip me off by giving me a 5c coin when it should have been a $2 in my change.

/the old 1c and 2c were similar in size to the 5c and 10c respectively.
 
2005-01-21 05:06:19 AM  
Remember kids, 2 doller bills look like 5 doller bills in strip clubs.

/just don't stick around too long ;)
 
2005-01-21 05:06:45 AM  
We did the same thing in Norway about 10 years ago.

The lowest coin was 10re (1,5 cents)
Now the lowest coin is 50 re(7.50cents).

The highest coin is 20kr (2.85$).
The lowest note is 50kr (7.14$).
 
2005-01-21 05:10:51 AM  
Parsimonious lardbutts of the world rejoice.
 
2005-01-21 05:13:03 AM  
exick: People still use cash?

sickicarus:
My dealer wont take plastic.
Or checks.

Yeah, that's why the quick cash button at the atm dispenses $40.
 
2005-01-21 05:15:24 AM  
This is a brilliant idea, those one yen coins are a real pain.
 
2005-01-21 05:17:34 AM  
In case anybody was wondering, 1 yen is roughly worth 0.96 US pennies, or 103 yen to the dollar.
 
2005-01-21 05:18:34 AM  
what is this "cash" you speak of?
 
2005-01-21 05:19:27 AM  
benzzene: Here in Australia we have a great system for paper money and a kinda ridiculous system for coins.

The only real problem with getting rid of the smaller coins is that kids these days can't taunt the police with chants of "what's the colour of a two cent piece?... copper, copper".

Although I suppose taunting with guns and knives is much more charming.
 
2005-01-21 05:20:20 AM  
That the US coins are confusing (unless, off course, you grew up with them) are something I can agree with. I like the 'wegian system better:
- smaller coins worth less than larger coins
- coins made of a more base metal worth less than coin made from a less base metal

so.. the 50 oere (Fark don't like the special 'wegian letters..) are made of a brasslike material, so it's worth less than the silvery 1 krone. The 1 krone is smaller, and therefore worth less than the 5 krone. The silvery 5 krone is worth less than the golden 10 krone, and the 10 krone is smaller, and thus less worth, than the 20 krone.

Pictures at the norwegian nationl banks website

oh, 20 kroner is roughtly 3 USD.

Above that we use banknotes.. smaller banknotes are worth less than larger ones, as opposed to the confuddling (for me) american system of 'all the same size'. And, in addition to beeing easier to tell apart, norwegian banknotes are pretty damn impossible to forge as well... withthe possible exception of the 50 krone note.

Again, pictures at the norwegian nationl banks website
 
2005-01-21 05:21:45 AM  
They do this in Denmark and some other European countries not on the Euro; round up or down to the nearest .05 if you pay with cash. If you pay by debit, it still subtracts the exact amount. Of course, their currency is a bit more inflated than our's so they don't need penny precision really. (1 USD = 5.72 DKK)

As for the Euro... It's an extremely well thought out currency, especially with regards to disabilities.

The larger the coin or bill, the more valuable it is. The 1 cent coins are teeny tiny things. The 50 is almost twice the area of the 5. The bills are done in different bright colours and have huge numbers. Bills that share non-zero digits have contrasting colours, even for colour blind people I believe. So you won't accidently mistake a 5 for 50, even if you forget the size difference. Same applies even to the 1 and 2 euro coins. The 2 euro coin is, of course, larger, but the 1 euro coin has a silver-coloured center and a brass-colour rim while the 2 euro coin is the opposite.

It's just an extremely logical and well-thought out currency design-wise. It even manages to avoid all the nationalistic bullshiat; the bills have originally designed buildings done in classic European architectural styles; no queens or kings from various countries. OTOH, the coins have the same design on one side but the other side features a design specific to the country it was minted in ala the US state quarters. (Though, of course, they are valid in all countries.)
 
2005-01-21 05:22:00 AM  
The reason people will still keep nickels is at the very least you can use them in vending machines.
 
2005-01-21 05:23:00 AM  
Where I live (Estonia), they round all prices in the shops to the nearest 10 cents (up or down). The 5 cent coins do exist, but they're not used much. I actually wonder why they bother to produce them, as 5 Estonian cents is worth about a fifth of a US cent. You can probably make money just melting them down and selling the scrap metal.

Now the weird part is bills are also rounded to the nearest 5 cents. So if you get your phone bill in the mail, it will be rounded. This is strange because almost everyone pays their bills electronically.. I guess they round it because some people might pay cash in person.

I like the different sizing of US coins so you can easily distinguish them. Estonian cents are all the same color and only get slightly larger as they go up in value. The value is printed on only one side, which means you're stuck flipping coins over trying to figure out which one you have.

Estonian coins (pops)

/not looking forward to Euro adoption next year, because doesn't like paper money in different sizes
 
2005-01-21 05:23:29 AM  
I was in a Japanese McDonalds a few weeks ago with my 2 year old son. He managed to spill my large coke all over the burger and fries that I'd bought for my wife (who was freshening up in the bathroom)

Within about 30 seconds, the staff had come out, helped me move to another table and replaced the large coke, burger and fries.

I dunno about the US - but I've certainly never seen that level of service in an Australian McDonalds.
 
2005-01-21 05:24:18 AM  
The only real problem with getting rid of the smaller coins is that kids these days can't taunt the police with chants of "what's the colour of a two cent piece?... copper, copper".

Although I suppose taunting with guns and knives is much more charming.


Isn't the rest of the world quaint?
 
2005-01-21 05:25:57 AM  
I was in a Japanese McDonalds a few weeks ago with my 2 year old son. He managed to spill my large coke all over the burger and fries that I'd bought for my wife (who was freshening up in the bathroom)

Within about 30 seconds, the staff had come out, helped me move to another table and replaced the large coke, burger and fries.

I dunno about the US - but I've certainly never seen that level of service in an Australian McDonalds.


Wow.

/like that'd ever happen in the States
 
2005-01-21 05:26:09 AM  
at mcdonald's in delaware (no sales tax), you don't need pennies. everything ends in five or zero. brilliant!
 
2005-01-21 05:29:00 AM  
The only real problem with getting rid of the smaller coins is that kids these days can't taunt the police with chants of "what's the colour of a two cent piece?... copper, copper".

We used to finish that cat-call "dir-tee copper"... much more incisive.
 
2005-01-21 05:38:51 AM  
The only thing pennies are good for is throwing at fat people in the food courts at malls. And then the novelty wears off.
 
2005-01-21 06:35:47 AM  
100 sen used to make up 1 yen. I bet the Japanese are glad they stopped using those.

/you think making the teller count out pennies is a biatch
 
2005-01-21 06:51:53 AM  
I have a small plastic bag that's almost full of 1-en and 5-en coins. The 1-en coins feel like plastic, almost like monopoly money. At least I can spend nickels in vending machines, but 5-en coins?

orindlt, I hear you on the McDonalds, even though I've gotten food from there twice in the past 5 months.


Oh, and since this is another Japan thread, I'ma bold this.

If any Tokyo TFers/Fark-liters are interested in a gathering of some sort, email me at do­ko­ol­[nospam-﹫-backwards]li­amg*com.
 
2005-01-21 07:00:34 AM  
Differently sized bills = uncool. You can't roll them up into a nice wad, and they've gotta be weird in the wallet. It's just unamerican.
 
2005-01-21 07:02:20 AM  
So they just changed their lables basicaly, since before they rounded off already...

Everywhere on Okinawa (island, two hours south of mainland Japan, where I am currently living) including the US Military bases pennies and single yen are rounded off to the closest 5 at the least. its a rather rare event to get a single yen coin around here.

/old news
 
2005-01-21 07:02:29 AM  
tatasm: couple of bags worth of 10 and 20 cent coins at home

Not to mention the bloody 50 cent monsters. The opening on most piggy banks is too small for them.

Also, don't forget that we also still use pennies. I admit, only once a year and only a couple, but we still get good mileage out of them.
 
2005-01-21 07:04:08 AM  
YATTA!!!!!!

Makku ga totemo suki desu!

That's all I can say about that!
:-)
 
2005-01-21 07:06:32 AM  
Speaking of the Euro. I'm aware Norway hasn't adopted the currency, but when you leave it off the map, Scandinavia looks just too... well. find out for yourselves:



/Switzerland doesn't have the Euro either, but I don't see a hole in the middle of the coin, now do I?
 
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