money
 

 money







 

Question by  Alexpheffer (47)

Can you buy anything for 1 pence?

Why do they even keep pence around?

 
+6

Answer by  philg1961 (347)

Of course you can buy things for a pence, you just can't buy very much. The reason for keeping the pence is tax, same for the penny in the US.

 
+5

Answer by  acelanders67 (381)

Pence are indeed somewhat irrelevant on a contemporary standpoint. However, one pence saved is a pence earned, so save up and reap the benefits.

 
+5

Answer by  gradyj (77)

You can buy lollies, 1p stamps and a few other things for one pence, however the pence's main purpose is for the ability to pay odd prices (such as 1.49, etc). Some countries have done away with 1 and 2 coins completely and simply round to the nearest 5.

 
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