from Wikipedia:- Finnish businesses and banks have employed a method known as "Swedish rounding" when tallying sums. Due in large part to the inefficiency of producing and accepting the 1 cent and 2 cent coins, Finland has opted to remove these coins from general circulation in order to offset the cost involved in accepting them. While individual prices are still shown and summed up with € 0.01 precision, the total sum is then rounded to the nearest € 0.05 when paying with cash. Sums ending in € 0.01, € 0.02, € 0.06 and € 0.07 are rounded down to the nearest 5 cents; sums ending in € 0.03, € 0.04, € 0.08 and € 0.09 are rounded up to the nearest 5 cents. The 1 cent and 2 cent coins are legal tender and are still minted for collector sets as required by the EMU agreement. ************* So maybe the 1p's days are numbered. I agree with Peckris the penny has a far longer history than the pound, maybe we should rename the pound as a "New Penny" as the French did with the franc, don't tell UKIP though