No, at the end of the night you'd have like 100g 500s 1200c. That's exactly how it was. If it doesn't feel right, it's because it was a poorly implemented mechanic, but it's how things worked. If we had to go by what some people feel is right rather than what other people clearly remember being factual, this server would be a sorry parody of classic EQ.
The split mechanic cannot break coins down into smaller denominations. It can't turn a plat into ten gold and split that among the group. It never could. And, since autosplit prioritizes the looter when distributing coins that can't be split evenly with the group, it should be fairly simple logic to deduce that they get what can't be split.
You're welcome to suggest how else the system would assign, say, 1p 3g 6s, a fairly typical amount to find on a mob. According to what "feels right" to you, how much would you get out of that amount if someone else looted the corpse?
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