Another new coin
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Another new coin
01-11-2016 9:22 AM
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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!
Re: Another new coin
01-11-2016 9:32 AM
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The new coin will be 20% lighter to reflect the value of the pound following the Brexit referendum.
Re: Another new coin
01-11-2016 9:41 AM
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@Luzern wrote:
... It's more expense for shop owners; more work for the manufacturers!
... 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!
Re: Another new coin
01-11-2016 10:13 AM
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You would have though if it was to celebrate Brexit would it not be 11 sided?, or is it to celebrate returning?
Re: Another new coin
01-11-2016 10:29 AM
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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!
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?
Don't limit the friends you haven't met with arguments you'll never have.
Re: Another new coin
01-11-2016 10:58 AM
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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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Re: Another new coin
01-11-2016 1:23 PM
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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!)...
Re: Another new coin
01-11-2016 1:49 PM - edited 01-11-2016 2:18 PM
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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
Don't limit the friends you haven't met with arguments you'll never have.
Re: Another new coin
01-11-2016 6:09 PM
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4/6
ADSL2+ Billion 8800NL
Re: Another new coin
01-11-2016 6:21 PM
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I would think a lot of things will have to be changed.
Many items will need any references to the EU removed.
Re: Another new coin
01-11-2016 7:00 PM - edited 01-11-2016 7:11 PM
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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!
Don't limit the friends you haven't met with arguments you'll never have.
Re: Another new coin
01-11-2016 7:40 PM
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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.
Re: Another new coin
01-11-2016 8:20 PM
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@198kHz wrote:
4/6
Yup !..... that is about the correct value of the pound in your pocket, today ! !
Re: Another new coin
01-11-2016 8:32 PM
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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.
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Re: Another new coin
01-11-2016 8:39 PM
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@jelv wrote:
@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.
Wonder what 1/30th of pound coins represents of all money in circulation. Not much I'd have thought.
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