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How much was a ticket for the underground in the 60s?
On 19 Jun, 16:46, "Tim Roll-Pickering"
wrote: MIG wrote: Staff were told that we could still accept ½p coins from customers, but only in pairs. *This was strongly emphasised and always struck me as bizarre. It sounds like a customer friendly move - "We still accept your out-of-date coins" - as well as an way of ensuring people suddenly have, for want of a better term, credit that can only be used there. Yes indeed, but the emphasis on pairs implied something significant when it was neither likely that someone could offer a single ½p nor that it would matter much if they did. Presumably Sainsburys had an arrangement whereby it could cash in all its ½p coins by some deadline, but even if staff accepted them not in pairs, the entire Sainsburys chain could only ever have been stuck with one odd ½p if they ended up with an odd number overall. Well when would anyone have reason to pay a sum ending in ½p? And how could the store convert or give that back in change? Presumably if they offered the correct price for some stilton calculated to the nearest ½p and the staff forgot to round it down. Maybe the pairs instruction was a way of making sure that staff had to round down. I also wonder what happened to anyone's bank balance that ended in ½p. If half the population's accounts ended in ½p that could be a bit of extra/loss of money for the banks (about £200 000 between the UK banks?), whichever way it was rounded, but I bet that hardly anyone either paid or deposited amounts ending in ½p in banks for a long time before that. Interest resulting in fractions of p would work as it does now. |
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