Question by  Alexpheffer (47)

Can you buy anything for 1 pence?

Why do they even keep pence around?


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.


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.


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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