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What do YOU do with your coins?

smiling girl with jar of coins. Image source, Getty Images
Image caption,

What do you do with your coins?

The use of notes and coins has fallen over the years, with payments made through bank cards and smart phones becoming increasingly popular.

But what role does cash still play in your life?

It's a question being asked after some some reports that 1p and 2p coins could be reaching the end of their life, as fewer people are opting to use cash to make purchases.

This year zero new 1p and 2p pieces were made by the Royal Mint, although it denied they were being got rid of.

"We are not scrapping 1p or 2p coins," a spokesperson from the Treasury - which manages the UK money - told the BBC.

Do you still use physical cash? And what do you do with your coins? Why not let us know by having your say in our vote, and you can also leave a comment below.

The lack of orders was apparently because there are enough coins already in circulation.

"We are confident there are enough coins in the system without the need to order more this year," the Treasury said.

It is estimated there are around 27 billion coins in circulation in the UK at the moment.

So how does it work when it comes to how much physical cash is floating around circulated?

boy with bank card and smart phone. Image source, Getty Images
Image caption,

Making payments with bank cards or smart phones has become increasingly popular over the years

Well, the Treasury calculates how many coins are needed and orders new stocks from the Royal Mint, which produces them.

Individual coins often end up being used for several decades.

On each coin is the date it was made - you can have a look at some of yours right now.

This isn't the first time no new 1p or 2p coins have been ordered.

There were several years in the early 1970s and early 1980s when no 2p coins were produced and in 2018, no 1p or 2p coins were produced either.