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| *Travel Tips>>>General - Australia & New Zealand Travel Tips |
Australia pennies (1 cent coins)??? |
Travel Info My dad went to Australia and he told me nothing is priced in cents (only multiples of 5 cents.) What happened to the 1 cent coin??? tell me the whole story. is $9.99 still there in australia? Travel Tips Australian pennies were changed to Australian dollars 14 Feb 1966 12 pennies made a shilling and one shilling was converted to 10 cents. 6 pennies was converted to 5 cents. Because of inflation it was found the 1 cent and 2 cent coins weren't used that much so the gov't dropped them and now the lowest coin is 5 cents. It happened years ago and until recently you could still bank these odd coins but now they're not legal tender. $9.99 is advertised as such but everyone knows it's really $10.00 cash but if you charge the amount it is charged as $9.99. Advertisers like putting .99cents as the price because it looks cheaper than putting $10.00. It's an advertising ploy. when buying items of odd amounts when the bill is collated the amounts are rounded up or down . 1,2 down ,3 4 cents rounded up to 5c. 6,7cents rounded down and 8,9 cents rounded up. It sort of balances out in the end. Others lol yes we have things priced at $10.99 witch rounded will cost you $11.00 out 1 and 2 cents were taken out years ago. if some thing cos $1.46 you get charged $1.45 is ronded up or down to the nearest Yes prices are still $9.99 or 97c etc.. it is rounded down or up to the nearest 5 cents. NZ and Australia gave up their 1 and 2 cents coins 10+ years ago. The last one cent coins were dated 1990 and the last two cent coins were dated 1989. They were progressively removed from circulation starting in 1992. The one cent coin was taken out of circulation in 1992 along with the two cent coin. Unfortunately places still price things like $9.99 but it is all rounded to the nearest 5c. http://en.wikipedia.org/wiki/australian_... gee and I havent got any cents (sense) left....... The final price is rounded. If you buy 5 items each priced at $9.99 the price you will be charged is $49.95 and there will be no rounding. |
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