Petition · past parliament
Abolish 1p and 2p Coins from circulation and production
Closed
37 signatures
What the petition asks
I think that the abolishment of 1p and 2p coins from circulation and
production and the use of a “rounding system” to counteract the removal of 1p and 2p coins could save the UK a substantial amount on a yearly basis, as well as making it easier for consumers and business owners to handle money.
production and the use of a “rounding system” to counteract the removal of 1p and 2p coins could save the UK a substantial amount on a yearly basis, as well as making it easier for consumers and business owners to handle money.
Removal of 1p and 2p coins could save the Royal Mint a sizeable chunk of money, which could then be allocated to more important areas of the government's budget.
A “rounding system” could easily counteract the removal of the coins, which rounds the total value of a purchase (after taxes have been applied) up or down to the nearest five. A system similar to this has already been implemented in Canada and New Zealand, and seems to be a success.
A “rounding system” could easily counteract the removal of the coins, which rounds the total value of a purchase (after taxes have been applied) up or down to the nearest five. A system similar to this has already been implemented in Canada and New Zealand, and seems to be a success.
Timeline
| 25 Nov 2015 | Petition opened for signatures |
| 25 May 2016 | Closed to new signatures |
Key facts
Signatures
37
Status
Closed
Opened
25 Nov 2015
Closed
25 May 2016
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Source: the official petition page. Last checked 15 Jul 2026.