Problem
South Korea is trying out a no coin system. This will make your wallet and pocket lighter. Fewer coins to have to recognise. Less embarrassment
On the other hand all those coins you find in pockets and bags and down the back of the sofa will be worthless.
Even if they refund the money at a central bank, the cost of going there will outweigh the fare money.
As for those jars of coins with the word for tips, or the charity boxes in which you can slip the odd coin, the collect of the pennies at charity shops were everything is priced at something and 99p as a marketing ploy to make it sound cheaper, and the customer says, Keep the Change.
All the items with prices pre-printed will need new packaging.
I used to wonder why some book printing systems would not allow you to print the price on the cover. I thought, 'but the customer wants to know the price and doesn't like to ask. The customer is more likely to buy if the price is marked and sounds cheap.'
Beggars will now be asking for a dollar.
You will no longer have coins for your coin collection.
Will they still issue high value commemorative coins? We will be watching the results of the experiment in Korea with interest.
Angela Lansbury, travel writer and photographer, author and speaker.
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