Another new coin

[#1]

A new £1 coin is coming next year. It will have twelve sides, as did the three penny bit of pre-decimal days. My first reaction was that perhaps the MInt was hinting at the pound's purchasing power nowadays. It's more expense for shop owners; more work for the manufacturers!

[#2]

The new coin will be 20% lighter to reflect the value of the pound following the Brexit referendum. 

[#3]

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Luzern wrote:

... It's more expense for shop owners; more work for the manufacturers!

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 ... and more work for the forgers!

We've probably all handled forged £1 coins, usually without noticing it.

I remember I used to see quite a few variations in a job I had many years ago, one of the worst being a simple metal disc with a plastic moulded coating of the 'heads & tails' detail which was actually flaking off!

[#4]

You would have though if it was  to celebrate Brexit would it not be 11 sided?, or is it to celebrate returning?

[#5]

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Luzern wrote:

A new £1 coin is coming next year. It will have twelve sides, as did the three penny bit of pre-decimal days. My first reaction was that perhaps the MInt was hinting at the pound's purchasing power nowadays. It's more expense for shop owners; more work for the manufacturers!

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Well it's certainly worth a heck of a lot less than the old threepence. We used to be able to buy a bag of chips for fourpence, but now?  

[#6]

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RobPN wrote:

We've probably all handled forged £1 coins, usually without noticing it.

No probably about it - apparently about 1 in 30 of the £1 coins in circulation is a forgery.

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[#7]

Been waiting for this coin for the past 5 or 6 years, it's about time the £1 coin and all its fakes were replaced, getting tired of receiving coins that are rejected by self-service machines in supermarkets (and annoyingly, most of the coins I get are FROM the self-service machines!!!! Lazy people at tesco just dump coins from the other tills into the machines without even checking them for fakes!)...

[#8]

Quiz: How much do you know about the pound in your pocket?

Only one out of six, so it's back of the class for me!

http://www.bbc.co.uk/news/business-37828210

[#9]

4/6  

[#10]

I would think a lot of things will have to be changed.

Many items will need any references to the EU removed.

[#11]

billnotben wrote:

"I would think a lot of things will have to be changed.

Many items will need any references to the EU removed"

Well not really, coins with the King's head on were not removed after he popped his clogs, we even had them with Queen Victoria on them before decimalization - which was when the price of a bag of those chips shot up!  

[#12]

True but they were our Kings and Queens.

Just as well we're leaving or we might have ended up with Kaisers heads on our coins.

[#13]

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198kHz wrote:

4/6  

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Yup !..... that is about the correct value of the pound in your pocket, today ! ! 

[#14]

Looking forward to the new pound coin as always felt the pre-decimal coinage was more interesting.

Still miss saying things like 3 shillings and sixpence ha'penny and you also got the feel for the cost which I don't think has been there post-decimalisation

Plus all the other interesting coins and notes like the thru'penny bit, the silver sixpence (nearly swallowed a few of those from the Xmas puds), half crown, crown, 10 bob note, etc.

[#15]

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jelv wrote:

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RobPN wrote:

We've probably all handled forged £1 coins, usually without noticing it.

No probably about it - apparently about 1 in 30 of the £1 coins in circulation is a forgery.

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Wonder what 1/30th of pound coins represents of all money in circulation. Not much I'd have thought.